Fondo De (Chile) Market Value
| CFIETFCD | CLP 1,232 0.10 0.01% |
| Symbol | Fondo |
Please note, there is a significant difference between Fondo De's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fondo De is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fondo De'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.
Fondo De '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 Fondo De's etf 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 Fondo De.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Fondo De on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Fondo de Inversion or generate 0.0% return on investment in Fondo De over 30 days. More
Fondo De 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 Fondo De's etf 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 Fondo de Inversion upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.0242 | |||
| Information Ratio | (4.10) | |||
| Maximum Drawdown | 0.1067 | |||
| Value At Risk | (0.02) | |||
| Potential Upside | 0.0656 |
Fondo De Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fondo De's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fondo De's standard deviation. In reality, there are many statistical measures that can use Fondo De historical prices to predict the future Fondo De's volatility.| Risk Adjusted Performance | 0.3425 | |||
| Jensen Alpha | 0.0113 | |||
| Total Risk Alpha | 0.0074 | |||
| Sortino Ratio | (4.50) | |||
| Treynor Ratio | 5.02 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fondo De'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.
Fondo de Inversion Backtested Returns
At this point, Fondo De is very steady. Fondo de Inversion secures Sharpe Ratio (or Efficiency) of 0.81, which denotes the etf had a 0.81% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fondo de Inversion, which you can use to evaluate the volatility of the entity. Please confirm Fondo De's Standard Deviation of 0.0266, coefficient of variation of 123.26, and Mean Deviation of 0.0215 to check if the risk estimate we provide is consistent with the expected return of 0.0213%. The etf shows a Beta (market volatility) of 0.0023, which means not very significant fluctuations relative to the market. As returns on the market increase, Fondo De's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fondo De is expected to be smaller as well.
Auto-correlation | 0.88 |
Very good predictability
Fondo de Inversion has very good predictability. Overlapping area represents the amount of predictability between Fondo De time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Fondo de Inversion price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Fondo De price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
Fondo de Inversion lagged returns against current returns
Autocorrelation, which is Fondo De etf'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 Fondo De's etf expected returns. We can calculate the autocorrelation of Fondo De returns to help us make a trade decision. For example, suppose you find that Fondo De has exhibited high autocorrelation historically, and you observe that the etf 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 |
Fondo De 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 Fondo De etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fondo De etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fondo De etf over time.
Current vs Lagged Prices |
| Timeline |
Fondo De Lagged Returns
When evaluating Fondo De's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fondo De etf have on its future price. Fondo De 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, Fondo De autocorrelation shows the relationship between Fondo De etf current value and its past values and can show if there is a momentum factor associated with investing in Fondo de Inversion.
Regressed Prices |
| Timeline |
Pair Trading with Fondo De
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fondo De position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fondo De will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Fondo De could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fondo De when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fondo De - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fondo de Inversion to buy it.
The correlation of Fondo De is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fondo De moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fondo de Inversion moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Fondo De can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Fondo Etf
Fondo De financial ratios help investors to determine whether Fondo Etf 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 Fondo with respect to the benefits of owning Fondo De security.