BTG Pactual (Chile) Market Value
| CFIBTGFGIA | CLP 11,200 300.00 2.75% |
| Symbol | BTG |
Please note, there is a significant difference between BTG Pactual's value and its price as these two are different measures arrived at by different means. Investors typically determine if BTG Pactual is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BTG Pactual'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.
BTG Pactual '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 BTG Pactual'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 BTG Pactual.
| 09/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in BTG Pactual on September 23, 2024 and sell it all today you would earn a total of 0.00 from holding BTG Pactual Chile or generate 0.0% return on investment in BTG Pactual over 60 days. More
BTG Pactual 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 BTG Pactual'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 BTG Pactual Chile upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0146 | |||
| Maximum Drawdown | 3.86 | |||
| Potential Upside | 0.3282 |
BTG Pactual Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BTG Pactual's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BTG Pactual's standard deviation. In reality, there are many statistical measures that can use BTG Pactual historical prices to predict the future BTG Pactual's volatility.| Risk Adjusted Performance | 0.1513 | |||
| Jensen Alpha | 0.109 | |||
| Total Risk Alpha | 0.0319 | |||
| Treynor Ratio | (10.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BTG Pactual's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
BTG Pactual Chile Backtested Returns
At this point, BTG Pactual is very steady. BTG Pactual Chile secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the fund had a 0.21% return per unit of risk over the last 3 months. We have found twenty technical indicators for BTG Pactual Chile, which you can use to evaluate the volatility of the entity. Please confirm BTG Pactual's Risk Adjusted Performance of 0.1513, mean deviation of 0.2181, and Standard Deviation of 0.5829 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. The fund shows a Beta (market volatility) of -0.0107, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BTG Pactual are expected to decrease at a much lower rate. During the bear market, BTG Pactual is likely to outperform the market.
Auto-correlation | 0.62 |
Good predictability
BTG Pactual Chile has good predictability. Overlapping area represents the amount of predictability between BTG Pactual time series from 23rd of September 2024 to 23rd of October 2024 and 23rd of October 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 BTG Pactual Chile price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current BTG Pactual price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 21.2 K |
BTG Pactual Chile lagged returns against current returns
Autocorrelation, which is BTG Pactual 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 BTG Pactual's fund expected returns. We can calculate the autocorrelation of BTG Pactual returns to help us make a trade decision. For example, suppose you find that BTG Pactual 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 |
BTG Pactual 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 BTG Pactual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BTG Pactual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BTG Pactual fund over time.
Current vs Lagged Prices |
| Timeline |
BTG Pactual Lagged Returns
When evaluating BTG Pactual's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BTG Pactual fund have on its future price. BTG Pactual 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, BTG Pactual autocorrelation shows the relationship between BTG Pactual fund current value and its past values and can show if there is a momentum factor associated with investing in BTG Pactual Chile.
Regressed Prices |
| Timeline |
Other Information on Investing in BTG Fund
BTG Pactual financial ratios help investors to determine whether BTG 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 BTG with respect to the benefits of owning BTG Pactual security.
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency |