Brunara SA (Spain) Market Value
| S1013 Fund | EUR 24.10 0.00 0.00% |
| Symbol | Brunara |
Please note, there is a significant difference between Brunara SA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Brunara SA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Brunara SA'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.
Brunara SA '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 Brunara SA'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 Brunara SA.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Brunara SA on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Brunara SA SICAV or generate 0.0% return on investment in Brunara SA over 30 days. More
Brunara SA 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 Brunara SA'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 Brunara SA SICAV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5096 | |||
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 3.03 | |||
| Value At Risk | (0.66) | |||
| Potential Upside | 0.7933 |
Brunara SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brunara SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brunara SA's standard deviation. In reality, there are many statistical measures that can use Brunara SA historical prices to predict the future Brunara SA's volatility.| Risk Adjusted Performance | 0.0447 | |||
| Jensen Alpha | 0.021 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.18) | |||
| Treynor Ratio | 1.31 |
Brunara SA SICAV Backtested Returns
As of now, Brunara Fund is very steady. Brunara SA SICAV secures Sharpe Ratio (or Efficiency) of 0.0986, which signifies that the fund had a 0.0986% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Brunara SA SICAV, which you can use to evaluate the volatility of the entity. Please confirm Brunara SA's Risk Adjusted Performance of 0.0447, mean deviation of 0.3708, and Downside Deviation of 0.5096 to double-check if the risk estimate we provide is consistent with the expected return of 0.0501%. The fund shows a Beta (market volatility) of 0.0176, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Brunara SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Brunara SA is expected to be smaller as well.
Auto-correlation | 0.81 |
Very good predictability
Brunara SA SICAV has very good predictability. Overlapping area represents the amount of predictability between Brunara SA time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Brunara SA SICAV price movement. The serial correlation of 0.81 indicates that around 81.0% of current Brunara SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Brunara SA SICAV lagged returns against current returns
Autocorrelation, which is Brunara SA 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 Brunara SA's fund expected returns. We can calculate the autocorrelation of Brunara SA returns to help us make a trade decision. For example, suppose you find that Brunara SA 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 |
Brunara SA 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 Brunara SA fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brunara SA fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brunara SA fund over time.
Current vs Lagged Prices |
| Timeline |
Brunara SA Lagged Returns
When evaluating Brunara SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brunara SA fund have on its future price. Brunara SA 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, Brunara SA autocorrelation shows the relationship between Brunara SA fund current value and its past values and can show if there is a momentum factor associated with investing in Brunara SA SICAV.
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 Brunara Fund
Brunara SA financial ratios help investors to determine whether Brunara 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 Brunara with respect to the benefits of owning Brunara SA security.
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