Cidade Jardim (Brazil) Market Value
| CJCT11 Fund | BRL 51.00 1.00 1.92% |
| Symbol | Cidade |
Please note, there is a significant difference between Cidade Jardim's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cidade Jardim is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cidade Jardim'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.
Cidade Jardim '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 Cidade Jardim'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 Cidade Jardim.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Cidade Jardim on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Cidade Jardim Continental or generate 0.0% return on investment in Cidade Jardim over 720 days. Cidade Jardim is related to or competes with BTG Pactual. More
Cidade Jardim 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 Cidade Jardim'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 Cidade Jardim Continental upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 11.67 | |||
| Value At Risk | (2.49) | |||
| Potential Upside | 1.62 |
Cidade Jardim Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cidade Jardim's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cidade Jardim's standard deviation. In reality, there are many statistical measures that can use Cidade Jardim historical prices to predict the future Cidade Jardim's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | 0.9448 |
Cidade Jardim Continental Backtested Returns
Cidade Jardim Continental secures Sharpe Ratio (or Efficiency) of -0.19, which signifies that the fund had a -0.19% return per unit of standard deviation over the last 3 months. Cidade Jardim Continental exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cidade Jardim's mean deviation of 0.9235, and Risk Adjusted Performance of (0.14) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Cidade Jardim are expected to decrease at a much lower rate. During the bear market, Cidade Jardim is likely to outperform the market.
Auto-correlation | -0.25 |
Weak reverse predictability
Cidade Jardim Continental has weak reverse predictability. Overlapping area represents the amount of predictability between Cidade Jardim time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Cidade Jardim Continental price movement. The serial correlation of -0.25 indicates that over 25.0% of current Cidade Jardim price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 10.84 |
Cidade Jardim Continental lagged returns against current returns
Autocorrelation, which is Cidade Jardim 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 Cidade Jardim's fund expected returns. We can calculate the autocorrelation of Cidade Jardim returns to help us make a trade decision. For example, suppose you find that Cidade Jardim 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 |
Cidade Jardim 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 Cidade Jardim fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cidade Jardim fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cidade Jardim fund over time.
Current vs Lagged Prices |
| Timeline |
Cidade Jardim Lagged Returns
When evaluating Cidade Jardim's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cidade Jardim fund have on its future price. Cidade Jardim 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, Cidade Jardim autocorrelation shows the relationship between Cidade Jardim fund current value and its past values and can show if there is a momentum factor associated with investing in Cidade Jardim Continental.
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 Cidade Fund
Cidade Jardim financial ratios help investors to determine whether Cidade 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 Cidade with respect to the benefits of owning Cidade Jardim security.
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