BOVESPA Index's market value is the price at which a share of BOVESPA Index trades on a public exchange. It measures the collective expectations of BOVESPA Index investors about its performance. BOVESPA Index is enlisted at 126922.00 as of the 22nd of November 2024; that is 0.99% down since the beginning of the trading day. The index's open price was 128197.0. With this module, you can estimate the performance of a buy and hold strategy of BOVESPA Index and determine expected loss or profit from investing in BOVESPA Index over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any index could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
BOVESPA
BOVESPA Index '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 BOVESPA Index's index 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 BOVESPA Index.
0.00
10/23/2024
No Change 0.00
0.0
In 31 days
11/22/2024
0.00
If you would invest 0.00 in BOVESPA Index on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding BOVESPA Index or generate 0.0% return on investment in BOVESPA Index over 30 days.
BOVESPA Index 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 BOVESPA Index's index 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 BOVESPA Index upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for BOVESPA Index's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BOVESPA Index's standard deviation. In reality, there are many statistical measures that can use BOVESPA Index historical prices to predict the future BOVESPA Index's volatility.
BOVESPA Index secures Sharpe Ratio (or Efficiency) of -0.17, which signifies that the index had a -0.17% return per unit of volatility over the last 3 months. BOVESPA Index exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. The index shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and BOVESPA Index are completely uncorrelated.
Auto-correlation
-0.56
Good reverse predictability
BOVESPA Index has good reverse predictability. Overlapping area represents the amount of predictability between BOVESPA Index time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 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 BOVESPA Index price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current BOVESPA Index price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.56
Spearman Rank Test
-0.28
Residual Average
0.0
Price Variance
524.6 K
BOVESPA Index lagged returns against current returns
Autocorrelation, which is BOVESPA Index index'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 BOVESPA Index's index expected returns. We can calculate the autocorrelation of BOVESPA Index returns to help us make a trade decision. For example, suppose you find that BOVESPA Index has exhibited high autocorrelation historically, and you observe that the index 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
BOVESPA Index 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 BOVESPA Index index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BOVESPA Index index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BOVESPA Index index over time.
Current vs Lagged Prices
Timeline
BOVESPA Index Lagged Returns
When evaluating BOVESPA Index's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BOVESPA Index index have on its future price. BOVESPA Index 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, BOVESPA Index autocorrelation shows the relationship between BOVESPA Index index current value and its past values and can show if there is a momentum factor associated with investing in BOVESPA Index.
Regressed Prices
Timeline
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