Caixa Rio (Brazil) Market Value
| CRFF11 Fund | BRL 68.90 3.07 4.27% |
| Symbol | Caixa |
Please note, there is a significant difference between Caixa Rio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Caixa Rio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Caixa Rio'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.
Caixa Rio '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 Caixa Rio'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 Caixa Rio.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Caixa Rio on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Caixa Rio Bravo or generate 0.0% return on investment in Caixa Rio over 360 days. Caixa Rio is related to or competes with Fras Le, Western Digital, BTG Pactual, Intuitive Surgical, Procter Gamble, Cable One, and Companhia Paranaense. More
Caixa Rio 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 Caixa Rio'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 Caixa Rio Bravo upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 14.84 | |||
| Value At Risk | (5.11) | |||
| Potential Upside | 3.96 |
Caixa Rio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Caixa Rio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Caixa Rio's standard deviation. In reality, there are many statistical measures that can use Caixa Rio historical prices to predict the future Caixa Rio's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | 0.7086 |
Caixa Rio Bravo Backtested Returns
Caixa Rio Bravo secures Sharpe Ratio (or Efficiency) of -0.0642, which signifies that the fund had a -0.0642% return per unit of risk over the last 3 months. Caixa Rio Bravo exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Caixa Rio's Standard Deviation of 2.73, risk adjusted performance of (0.04), and Mean Deviation of 1.86 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Caixa Rio are expected to decrease at a much lower rate. During the bear market, Caixa Rio is likely to outperform the market.
Auto-correlation | 0.32 |
Below average predictability
Caixa Rio Bravo has below average predictability. Overlapping area represents the amount of predictability between Caixa Rio time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Caixa Rio Bravo price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Caixa Rio price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 5.13 |
Caixa Rio Bravo lagged returns against current returns
Autocorrelation, which is Caixa Rio 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 Caixa Rio's fund expected returns. We can calculate the autocorrelation of Caixa Rio returns to help us make a trade decision. For example, suppose you find that Caixa Rio 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 |
Caixa Rio 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 Caixa Rio fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Caixa Rio fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Caixa Rio fund over time.
Current vs Lagged Prices |
| Timeline |
Caixa Rio Lagged Returns
When evaluating Caixa Rio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Caixa Rio fund have on its future price. Caixa Rio 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, Caixa Rio autocorrelation shows the relationship between Caixa Rio fund current value and its past values and can show if there is a momentum factor associated with investing in Caixa Rio Bravo.
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 Caixa Fund
Caixa Rio financial ratios help investors to determine whether Caixa 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 Caixa with respect to the benefits of owning Caixa Rio security.
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