Bovespa Brazil's market value is the price at which a share of Bovespa Brazil trades on a public exchange. It measures the collective expectations of Bovespa Brazil 50 investors about its performance. Bovespa Brazil is listed for 21583.74 as of the 28th of November 2024. This is a 1.66% down since the beginning of the trading day. The index's open price was 21947.35. With this module, you can estimate the performance of a buy and hold strategy of Bovespa Brazil 50 and determine expected loss or profit from investing in Bovespa Brazil over a given investment horizon. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any index could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Bovespa
Bovespa Brazil '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 Bovespa Brazil's index 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 Bovespa Brazil.
0.00
12/09/2022
No Change 0.00
0.0
In 1 year 11 months and 21 days
11/28/2024
0.00
If you would invest 0.00 in Bovespa Brazil on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Bovespa Brazil 50 or generate 0.0% return on investment in Bovespa Brazil over 720 days.
Bovespa Brazil 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 Bovespa Brazil's index 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 Bovespa Brazil 50 upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bovespa Brazil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bovespa Brazil's standard deviation. In reality, there are many statistical measures that can use Bovespa Brazil historical prices to predict the future Bovespa Brazil's volatility.
Bovespa Brazil 50 secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the index had a -0.13% return per unit of risk over the last 3 months. Bovespa Brazil 50 exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. The index shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Bovespa Brazil are completely uncorrelated.
Auto-correlation
0.23
Weak predictability
Bovespa Brazil 50 has weak predictability. Overlapping area represents the amount of predictability between Bovespa Brazil time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 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 Bovespa Brazil 50 price movement. The serial correlation of 0.23 indicates that over 23.0% of current Bovespa Brazil price fluctuation can be explain by its past prices.
Correlation Coefficient
0.23
Spearman Rank Test
0.33
Residual Average
0.0
Price Variance
401.1 K
Bovespa Brazil 50 lagged returns against current returns
Autocorrelation, which is Bovespa Brazil index'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 Bovespa Brazil's index expected returns. We can calculate the autocorrelation of Bovespa Brazil returns to help us make a trade decision. For example, suppose you find that Bovespa Brazil has exhibited high autocorrelation historically, and you observe that the index 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
Bovespa Brazil 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 Bovespa Brazil index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bovespa Brazil index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bovespa Brazil index over time.
Current vs Lagged Prices
Timeline
Bovespa Brazil Lagged Returns
When evaluating Bovespa Brazil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bovespa Brazil index have on its future price. Bovespa Brazil 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, Bovespa Brazil autocorrelation shows the relationship between Bovespa Brazil index current value and its past values and can show if there is a momentum factor associated with investing in Bovespa Brazil 50.
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.