DEVANT PROPERTIES (Brazil) Market Value
| DPRO11 Fund | 6.05 0.44 6.78% |
| Symbol | DEVANT |
DEVANT PROPERTIES '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 DEVANT PROPERTIES'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 DEVANT PROPERTIES.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in DEVANT PROPERTIES on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding DEVANT PROPERTIES FUNDO or generate 0.0% return on investment in DEVANT PROPERTIES over 30 days.
DEVANT PROPERTIES 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 DEVANT PROPERTIES'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 DEVANT PROPERTIES FUNDO upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 24.92 | |||
| Value At Risk | (6.70) | |||
| Potential Upside | 5.04 |
DEVANT PROPERTIES Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DEVANT PROPERTIES's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DEVANT PROPERTIES's standard deviation. In reality, there are many statistical measures that can use DEVANT PROPERTIES historical prices to predict the future DEVANT PROPERTIES's volatility.| Risk Adjusted Performance | 1.0E-4 | |||
| Jensen Alpha | 0.0581 | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | 0.0551 |
DEVANT PROPERTIES FUNDO Backtested Returns
DEVANT PROPERTIES FUNDO secures Sharpe Ratio (or Efficiency) of -0.0862, which denotes the fund had a -0.0862% return per unit of volatility over the last 3 months. DEVANT PROPERTIES FUNDO exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DEVANT PROPERTIES's Mean Deviation of 2.41, market risk adjusted performance of 0.0651, and Standard Deviation of 3.78 to check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.89, which means possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning DEVANT PROPERTIES are expected to decrease slowly. On the other hand, during market turmoil, DEVANT PROPERTIES is expected to outperform it slightly.
Auto-correlation | 0.62 |
Good predictability
DEVANT PROPERTIES FUNDO has good predictability. Overlapping area represents the amount of predictability between DEVANT PROPERTIES 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 DEVANT PROPERTIES FUNDO price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current DEVANT PROPERTIES price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
DEVANT PROPERTIES FUNDO lagged returns against current returns
Autocorrelation, which is DEVANT PROPERTIES 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 DEVANT PROPERTIES's fund expected returns. We can calculate the autocorrelation of DEVANT PROPERTIES returns to help us make a trade decision. For example, suppose you find that DEVANT PROPERTIES 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 |
DEVANT PROPERTIES 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 DEVANT PROPERTIES fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DEVANT PROPERTIES fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DEVANT PROPERTIES fund over time.
Current vs Lagged Prices |
| Timeline |
DEVANT PROPERTIES Lagged Returns
When evaluating DEVANT PROPERTIES's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DEVANT PROPERTIES fund have on its future price. DEVANT PROPERTIES 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, DEVANT PROPERTIES autocorrelation shows the relationship between DEVANT PROPERTIES fund current value and its past values and can show if there is a momentum factor associated with investing in DEVANT PROPERTIES FUNDO.
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.| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine |