Panorama Properties (Brazil) Market Value
| PNPR11 Fund | 75.50 0.00 0.00% |
| Symbol | Panorama |
Panorama Properties '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 Panorama Properties' 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 Panorama Properties.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Panorama Properties on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Panorama Properties Fundo or generate 0.0% return on investment in Panorama Properties over 390 days.
Panorama Properties 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 Panorama Properties' 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 Panorama Properties Fundo upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0962 | |||
| Maximum Drawdown | 33.75 |
Panorama Properties Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Panorama Properties' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Panorama Properties' standard deviation. In reality, there are many statistical measures that can use Panorama Properties historical prices to predict the future Panorama Properties' volatility.| Risk Adjusted Performance | 0.0977 | |||
| Jensen Alpha | 0.4152 | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 0.5928 |
Panorama Properties Fundo Backtested Returns
Panorama Properties appears to be very steady, given 3 months investment horizon. Panorama Properties Fundo maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the entity had a 0.13% return per unit of risk over the last 3 months. By analyzing Panorama Properties' technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please evaluate Panorama Properties' Variance of 17.26, risk adjusted performance of 0.0977, and Coefficient Of Variation of 812.4 to confirm if our risk estimates are consistent with your expectations. The fund holds a Beta of 0.85, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Panorama Properties' returns are expected to increase less than the market. However, during the bear market, the loss of holding Panorama Properties is expected to be smaller as well.
Auto-correlation | -0.39 |
Poor reverse predictability
Panorama Properties Fundo has poor reverse predictability. Overlapping area represents the amount of predictability between Panorama Properties time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 Panorama Properties Fundo price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Panorama Properties price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Panorama Properties Fundo lagged returns against current returns
Autocorrelation, which is Panorama Properties 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 Panorama Properties' fund expected returns. We can calculate the autocorrelation of Panorama Properties returns to help us make a trade decision. For example, suppose you find that Panorama Properties 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 |
Panorama Properties 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 Panorama Properties fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Panorama Properties fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Panorama Properties fund over time.
Current vs Lagged Prices |
| Timeline |
Panorama Properties Lagged Returns
When evaluating Panorama Properties' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Panorama Properties fund have on its future price. Panorama Properties 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, Panorama Properties autocorrelation shows the relationship between Panorama Properties fund current value and its past values and can show if there is a momentum factor associated with investing in Panorama Properties Fundo.
Regressed Prices |
| Timeline |
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