Kinea II (Brazil) Market Value
| KNRE11 Fund | BRL 0.23 0.01 4.17% |
| Symbol | Kinea |
Kinea II '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 II'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 II.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Kinea II on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Kinea II Real or generate 0.0% return on investment in Kinea II over 360 days.
Kinea II 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 II'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 II Real upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 32.22 | |||
| Value At Risk | (11.43) | |||
| Potential Upside | 10.34 |
Kinea II Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kinea II's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kinea II's standard deviation. In reality, there are many statistical measures that can use Kinea II historical prices to predict the future Kinea II's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.63) | |||
| Total Risk Alpha | (1.72) | |||
| Treynor Ratio | 3.92 |
Kinea II Real Backtested Returns
Kinea II Real has Sharpe Ratio of -0.0959, which conveys that the entity had a -0.0959% return per unit of risk over the last 3 months. Kinea II exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kinea II's Mean Deviation of 5.18, standard deviation of 6.83, and Risk Adjusted Performance of (0.06) to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of -0.16, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kinea II are expected to decrease at a much lower rate. During the bear market, Kinea II is likely to outperform the market.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Kinea II Real has insignificant reverse predictability. Overlapping area represents the amount of predictability between Kinea II time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Kinea II Real price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Kinea II price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Kinea II Real lagged returns against current returns
Autocorrelation, which is Kinea II 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 II's fund expected returns. We can calculate the autocorrelation of Kinea II returns to help us make a trade decision. For example, suppose you find that Kinea II 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 II 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 II fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kinea II fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kinea II fund over time.
Current vs Lagged Prices |
| Timeline |
Kinea II Lagged Returns
When evaluating Kinea II's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kinea II fund have on its future price. Kinea II 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 II autocorrelation shows the relationship between Kinea II fund current value and its past values and can show if there is a momentum factor associated with investing in Kinea II Real.
Regressed Prices |
| Timeline |
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