Bresco Fundo (Brazil) Market Value
| BRCO11 Fund | BRL 100.30 1.70 1.67% |
| Symbol | Bresco |
Please note, there is a significant difference between Bresco Fundo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bresco Fundo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bresco Fundo's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Bresco Fundo 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Bresco Fundo's fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Bresco Fundo.
| 01/12/2023 |
| 12/02/2024 |
If you would invest 0.00 in Bresco Fundo on January 12, 2023 and sell it all today you would earn a total of 0.00 from holding Bresco Fundo or generate 0.0% return on investment in Bresco Fundo over 690 days. Bresco Fundo is related to or competes with Fras Le, Western Digital, BTG Pactual, Intuitive Surgical, Procter Gamble, Cable One, and Companhia Paranaense. More
Bresco Fundo Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Bresco Fundo's fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Bresco Fundo upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.36) | |||
| Maximum Drawdown | 6.47 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 1.56 |
Bresco Fundo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bresco Fundo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bresco Fundo's standard deviation. In reality, there are many statistical measures that can use Bresco Fundo historical prices to predict the future Bresco Fundo's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (50.45) |
Bresco Fundo Backtested Returns
Bresco Fundo secures Sharpe Ratio (or Efficiency) of -0.2, which signifies that the fund had a -0.2% return per unit of standard deviation over the last 3 months. Bresco Fundo exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bresco Fundo's mean deviation of 0.6361, and Risk Adjusted Performance of (0.16) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0041, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bresco Fundo's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bresco Fundo is expected to be smaller as well.
Auto-correlation | -0.83 |
Excellent reverse predictability
Bresco Fundo has excellent reverse predictability. Overlapping area represents the amount of predictability between Bresco Fundo time series from 12th of January 2023 to 23rd of December 2023 and 23rd of December 2023 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Bresco Fundo price movement. The serial correlation of -0.83 indicates that around 83.0% of current Bresco Fundo price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 41.28 |
Bresco Fundo lagged returns against current returns
Autocorrelation, which is Bresco Fundo fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Bresco Fundo's fund expected returns. We can calculate the autocorrelation of Bresco Fundo returns to help us make a trade decision. For example, suppose you find that Bresco Fundo has exhibited high autocorrelation historically, and you observe that the fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Bresco Fundo regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Bresco Fundo fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bresco Fundo fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bresco Fundo fund over time.
Current vs Lagged Prices |
| Timeline |
Bresco Fundo Lagged Returns
When evaluating Bresco Fundo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bresco Fundo fund have on its future price. Bresco Fundo autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Bresco Fundo autocorrelation shows the relationship between Bresco Fundo fund current value and its past values and can show if there is a momentum factor associated with investing in Bresco Fundo.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Bresco Fund
Bresco Fundo financial ratios help investors to determine whether Bresco Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Bresco with respect to the benefits of owning Bresco Fundo security.
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