IShares BMFBovespa (Brazil) Market Value
| SMAL11 Etf | BRL 97.00 2.10 2.21% |
| Symbol | IShares |
Please note, there is a significant difference between IShares BMFBovespa's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares BMFBovespa is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares BMFBovespa'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.
IShares BMFBovespa '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 IShares BMFBovespa's etf 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 IShares BMFBovespa.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in IShares BMFBovespa on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding iShares BMFBovespa Small or generate 0.0% return on investment in IShares BMFBovespa over 30 days. IShares BMFBovespa is related to or competes with BTG Pactual, Plano Plano, Companhia Habitasul, Procter Gamble, Telefonaktiebolaget, Cable One, and ATMA Participaes. iShares BMFBovespa Small Cap Fundo de ndice is an exchange traded fund launched and managed by BlackRock Brasil Gestora ... More
IShares BMFBovespa 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 IShares BMFBovespa's etf 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 iShares BMFBovespa Small upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 5.42 | |||
| Value At Risk | (1.82) | |||
| Potential Upside | 2.07 |
IShares BMFBovespa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares BMFBovespa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares BMFBovespa's standard deviation. In reality, there are many statistical measures that can use IShares BMFBovespa historical prices to predict the future IShares BMFBovespa's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.50) |
iShares BMFBovespa Small Backtested Returns
iShares BMFBovespa Small holds Efficiency (Sharpe) Ratio of -0.0982, which attests that the entity had a -0.0982% return per unit of risk over the last 3 months. iShares BMFBovespa Small exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IShares BMFBovespa's Market Risk Adjusted Performance of (0.49), risk adjusted performance of (0.07), and Standard Deviation of 1.23 to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares BMFBovespa's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares BMFBovespa is expected to be smaller as well.
Auto-correlation | 0.27 |
Poor predictability
iShares BMFBovespa Small has poor predictability. Overlapping area represents the amount of predictability between IShares BMFBovespa time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 iShares BMFBovespa Small price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current IShares BMFBovespa price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.47 |
iShares BMFBovespa Small lagged returns against current returns
Autocorrelation, which is IShares BMFBovespa etf'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 IShares BMFBovespa's etf expected returns. We can calculate the autocorrelation of IShares BMFBovespa returns to help us make a trade decision. For example, suppose you find that IShares BMFBovespa has exhibited high autocorrelation historically, and you observe that the etf 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 |
IShares BMFBovespa 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 IShares BMFBovespa etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares BMFBovespa etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares BMFBovespa etf over time.
Current vs Lagged Prices |
| Timeline |
IShares BMFBovespa Lagged Returns
When evaluating IShares BMFBovespa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares BMFBovespa etf have on its future price. IShares BMFBovespa 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, IShares BMFBovespa autocorrelation shows the relationship between IShares BMFBovespa etf current value and its past values and can show if there is a momentum factor associated with investing in iShares BMFBovespa Small.
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 IShares Etf
IShares BMFBovespa financial ratios help investors to determine whether IShares Etf 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 IShares with respect to the benefits of owning IShares BMFBovespa security.