Tordesilhas (Brazil) Market Value
| TORD11 Fund | BRL 0.77 0.04 4.94% |
| Symbol | Tordesilhas |
Please note, there is a significant difference between Tordesilhas' value and its price as these two are different measures arrived at by different means. Investors typically determine if Tordesilhas is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tordesilhas' 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.
Tordesilhas '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 Tordesilhas' 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 Tordesilhas.
| 11/25/2024 |
| 12/25/2024 |
If you would invest 0.00 in Tordesilhas on November 25, 2024 and sell it all today you would earn a total of 0.00 from holding Tordesilhas Ei Fundo or generate 0.0% return on investment in Tordesilhas over 30 days. Tordesilhas is related to or competes with BTG Pactual, Plano Plano, S1YM34, Cable One, ATMA Participaes, British American, and Western Union. More
Tordesilhas 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 Tordesilhas' 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 Tordesilhas Ei Fundo upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 12.25 | |||
| Value At Risk | (3.06) | |||
| Potential Upside | 1.08 |
Tordesilhas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tordesilhas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tordesilhas' standard deviation. In reality, there are many statistical measures that can use Tordesilhas historical prices to predict the future Tordesilhas' volatility.| Risk Adjusted Performance | (0.20) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | (2.15) |
Tordesilhas Ei Fundo Backtested Returns
Tordesilhas Ei Fundo owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.26, which indicates the fund had a -0.26% return per unit of risk over the last 3 months. Tordesilhas Ei Fundo exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tordesilhas' Risk Adjusted Performance of (0.20), coefficient of variation of (390.74), and Variance of 2.42 to confirm the risk estimate we provide. The entity has a beta of 0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tordesilhas' returns are expected to increase less than the market. However, during the bear market, the loss of holding Tordesilhas is expected to be smaller as well.
Auto-correlation | 0.64 |
Good predictability
Tordesilhas Ei Fundo has good predictability. Overlapping area represents the amount of predictability between Tordesilhas time series from 25th of November 2024 to 10th of December 2024 and 10th of December 2024 to 25th 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 Tordesilhas Ei Fundo price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Tordesilhas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tordesilhas Ei Fundo lagged returns against current returns
Autocorrelation, which is Tordesilhas 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 Tordesilhas' fund expected returns. We can calculate the autocorrelation of Tordesilhas returns to help us make a trade decision. For example, suppose you find that Tordesilhas 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 |
Tordesilhas 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 Tordesilhas fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tordesilhas fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tordesilhas fund over time.
Current vs Lagged Prices |
| Timeline |
Tordesilhas Lagged Returns
When evaluating Tordesilhas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tordesilhas fund have on its future price. Tordesilhas 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, Tordesilhas autocorrelation shows the relationship between Tordesilhas fund current value and its past values and can show if there is a momentum factor associated with investing in Tordesilhas Ei Fundo.
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 Tordesilhas Fund
Tordesilhas financial ratios help investors to determine whether Tordesilhas 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 Tordesilhas with respect to the benefits of owning Tordesilhas security.
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