Kinea High (Brazil) Market Value
| KNHY11 Fund | BRL 102.39 0.49 0.48% |
| Symbol | Kinea |
Please note, there is a significant difference between Kinea High's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kinea High is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kinea High'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.
Kinea High '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 Kinea High'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 Kinea High.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Kinea High on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Kinea High Yield or generate 0.0% return on investment in Kinea High over 30 days. Kinea High is related to or competes with Energisa, BTG Pactual, Plano Plano, Companhia Habitasul, Procter Gamble, Telefonaktiebolaget, and Cable One. More
Kinea High 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 Kinea High'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 Kinea High Yield upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.42) | |||
| Maximum Drawdown | 1.85 | |||
| Value At Risk | (0.78) | |||
| Potential Upside | 0.6162 |
Kinea High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kinea High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kinea High's standard deviation. In reality, there are many statistical measures that can use Kinea High historical prices to predict the future Kinea High's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (1.32) |
Kinea High Yield Backtested Returns
Kinea High Yield has Sharpe Ratio of -0.0843, which conveys that the entity had a -0.0843% return per unit of risk over the last 3 months. Kinea High exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kinea High's Mean Deviation of 0.34, risk adjusted performance of (0.08), and Standard Deviation of 0.4223 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.0366, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kinea High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kinea High is expected to be smaller as well.
Auto-correlation | -0.63 |
Very good reverse predictability
Kinea High Yield has very good reverse predictability. Overlapping area represents the amount of predictability between Kinea High time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 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 Kinea High Yield price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Kinea High price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Kinea High Yield lagged returns against current returns
Autocorrelation, which is Kinea High 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 Kinea High's fund expected returns. We can calculate the autocorrelation of Kinea High returns to help us make a trade decision. For example, suppose you find that Kinea High 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 |
Kinea High 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 Kinea High fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kinea High fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kinea High fund over time.
Current vs Lagged Prices |
| Timeline |
Kinea High Lagged Returns
When evaluating Kinea High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kinea High fund have on its future price. Kinea High 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, Kinea High autocorrelation shows the relationship between Kinea High fund current value and its past values and can show if there is a momentum factor associated with investing in Kinea High Yield.
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 Kinea Fund
Kinea High financial ratios help investors to determine whether Kinea 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 Kinea with respect to the benefits of owning Kinea High security.
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