Fondo Mutuo (Chile) Market Value
| CFMDIVO Etf | CLP 1,374 3.50 0.26% |
| Symbol | Fondo |
Please note, there is a significant difference between Fondo Mutuo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fondo Mutuo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fondo Mutuo'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 Mutuo '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 Mutuo'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 Mutuo.
| 12/02/2022 |
| 11/21/2024 |
If you would invest 0.00 in Fondo Mutuo on December 2, 2022 and sell it all today you would earn a total of 0.00 from holding Fondo Mutuo ETF or generate 0.0% return on investment in Fondo Mutuo over 720 days. More
Fondo Mutuo 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 Mutuo'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 Mutuo ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.688 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 3.84 | |||
| Value At Risk | (0.91) | |||
| Potential Upside | 1.26 |
Fondo Mutuo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fondo Mutuo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fondo Mutuo's standard deviation. In reality, there are many statistical measures that can use Fondo Mutuo historical prices to predict the future Fondo Mutuo's volatility.| Risk Adjusted Performance | 0.0387 | |||
| Jensen Alpha | 0.0283 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (2.23) |
Fondo Mutuo ETF Backtested Returns
As of now, Fondo Etf is very steady. Fondo Mutuo ETF secures Sharpe Ratio (or Efficiency) of 0.03, which denotes the etf had a 0.03% return per unit of risk over the last 3 months. We have found thirty technical indicators for Fondo Mutuo ETF, which you can use to evaluate the volatility of the entity. Please confirm Fondo Mutuo's Mean Deviation of 0.5707, coefficient of variation of 1916.79, and Downside Deviation of 0.688 to check if the risk estimate we provide is consistent with the expected return of 0.0207%. The etf shows a Beta (market volatility) of -0.0122, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fondo Mutuo are expected to decrease at a much lower rate. During the bear market, Fondo Mutuo is likely to outperform the market.
Auto-correlation | -0.01 |
Very weak reverse predictability
Fondo Mutuo ETF has very weak reverse predictability. Overlapping area represents the amount of predictability between Fondo Mutuo time series from 2nd of December 2022 to 27th of November 2023 and 27th of November 2023 to 21st 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 Mutuo ETF price movement. The serial correlation of -0.01 indicates that just 1.0% of current Fondo Mutuo price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 2199.26 |
Fondo Mutuo ETF lagged returns against current returns
Autocorrelation, which is Fondo Mutuo 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 Mutuo's etf expected returns. We can calculate the autocorrelation of Fondo Mutuo returns to help us make a trade decision. For example, suppose you find that Fondo Mutuo 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 Mutuo 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 Mutuo etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fondo Mutuo etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fondo Mutuo etf over time.
Current vs Lagged Prices |
| Timeline |
Fondo Mutuo Lagged Returns
When evaluating Fondo Mutuo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fondo Mutuo etf have on its future price. Fondo Mutuo 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 Mutuo autocorrelation shows the relationship between Fondo Mutuo etf current value and its past values and can show if there is a momentum factor associated with investing in Fondo Mutuo ETF.
Regressed Prices |
| Timeline |
Pair Trading with Fondo Mutuo
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 Mutuo 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 Mutuo will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Fondo Mutuo 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 Mutuo 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 Mutuo - 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 Mutuo ETF to buy it.
The correlation of Fondo Mutuo 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 Mutuo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fondo Mutuo ETF 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 Mutuo 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 Mutuo 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 Mutuo security.