Luggo Fundo (Brazil) Market Value
| LUGG11 Fund | BRL 67.79 1.10 1.60% |
| Symbol | Luggo |
Please note, there is a significant difference between Luggo Fundo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Luggo Fundo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Luggo Fundo'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.
Luggo Fundo '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 Luggo Fundo'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 Luggo Fundo.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Luggo Fundo on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Luggo Fundo De or generate 0.0% return on investment in Luggo Fundo over 30 days. Luggo Fundo is related to or competes with Energisa, BTG Pactual, Plano Plano, Procter Gamble, Cable One, British American, and Suzano SA. More
Luggo Fundo 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 Luggo Fundo'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 Luggo Fundo De upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 4.79 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 1.07 |
Luggo Fundo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Luggo Fundo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Luggo Fundo's standard deviation. In reality, there are many statistical measures that can use Luggo Fundo historical prices to predict the future Luggo Fundo's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | 1.16 |
Luggo Fundo De Backtested Returns
Luggo Fundo De has Sharpe Ratio of -0.13, which conveys that the entity had a -0.13% return per unit of risk over the last 3 months. Luggo Fundo exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Luggo Fundo's Risk Adjusted Performance of (0.12), standard deviation of 0.7956, and Mean Deviation of 0.5206 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of -0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Luggo Fundo are expected to decrease at a much lower rate. During the bear market, Luggo Fundo is likely to outperform the market.
Auto-correlation | 0.28 |
Poor predictability
Luggo Fundo De has poor predictability. Overlapping area represents the amount of predictability between Luggo Fundo 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 Luggo Fundo De price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Luggo Fundo price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
Luggo Fundo De lagged returns against current returns
Autocorrelation, which is Luggo Fundo 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 Luggo Fundo's fund expected returns. We can calculate the autocorrelation of Luggo Fundo returns to help us make a trade decision. For example, suppose you find that Luggo Fundo 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 |
Luggo Fundo 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 Luggo Fundo fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Luggo Fundo fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Luggo Fundo fund over time.
Current vs Lagged Prices |
| Timeline |
Luggo Fundo Lagged Returns
When evaluating Luggo Fundo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Luggo Fundo fund have on its future price. Luggo Fundo 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, Luggo Fundo autocorrelation shows the relationship between Luggo Fundo fund current value and its past values and can show if there is a momentum factor associated with investing in Luggo Fundo De.
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 Luggo Fund
Luggo Fundo financial ratios help investors to determine whether Luggo 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 Luggo with respect to the benefits of owning Luggo Fundo security.
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