CSHG Renda (Brazil) Market Value
| HGRU11 Fund | 109.93 1.42 1.28% |
| Symbol | CSHG |
CSHG Renda '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 CSHG Renda'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 CSHG Renda.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in CSHG Renda on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding CSHG Renda Urbana or generate 0.0% return on investment in CSHG Renda over 30 days.
CSHG Renda 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 CSHG Renda'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 CSHG Renda Urbana upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 4.88 | |||
| Value At Risk | (1.43) | |||
| Potential Upside | 0.9645 |
CSHG Renda Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CSHG Renda's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CSHG Renda's standard deviation. In reality, there are many statistical measures that can use CSHG Renda historical prices to predict the future CSHG Renda's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.98) |
CSHG Renda Urbana Backtested Returns
CSHG Renda Urbana secures Sharpe Ratio (or Efficiency) of -0.18, which signifies that the fund had a -0.18% return per unit of return volatility over the last 3 months. CSHG Renda Urbana exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CSHG Renda's Mean Deviation of 0.5932, coefficient of variation of (542.32), and Risk Adjusted Performance of (0.13) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CSHG Renda's returns are expected to increase less than the market. However, during the bear market, the loss of holding CSHG Renda is expected to be smaller as well.
Auto-correlation | -0.22 |
Weak reverse predictability
CSHG Renda Urbana has weak reverse predictability. Overlapping area represents the amount of predictability between CSHG Renda time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 CSHG Renda Urbana price movement. The serial correlation of -0.22 indicates that over 22.0% of current CSHG Renda price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 3.25 |
CSHG Renda Urbana lagged returns against current returns
Autocorrelation, which is CSHG Renda 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 CSHG Renda's fund expected returns. We can calculate the autocorrelation of CSHG Renda returns to help us make a trade decision. For example, suppose you find that CSHG Renda 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 |
CSHG Renda 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 CSHG Renda fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CSHG Renda fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CSHG Renda fund over time.
Current vs Lagged Prices |
| Timeline |
CSHG Renda Lagged Returns
When evaluating CSHG Renda's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CSHG Renda fund have on its future price. CSHG Renda 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, CSHG Renda autocorrelation shows the relationship between CSHG Renda fund current value and its past values and can show if there is a momentum factor associated with investing in CSHG Renda Urbana.
Regressed Prices |
| Timeline |
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