CAIXA ETF (Brazil) Market Value

XBOV11 Etf  BRL 123.27  1.04  0.85%   
CAIXA ETF's market value is the price at which a share of CAIXA ETF trades on a public exchange. It measures the collective expectations of CAIXA ETF Ibovespa investors about its performance. CAIXA ETF is trading at 123.27 as of the 30th of November 2024, a 0.85 percent increase since the beginning of the trading day. The etf's open price was 122.23.
With this module, you can estimate the performance of a buy and hold strategy of CAIXA ETF Ibovespa and determine expected loss or profit from investing in CAIXA ETF over a given investment horizon. Check out CAIXA ETF Correlation, CAIXA ETF Volatility and CAIXA ETF Alpha and Beta module to complement your research on CAIXA ETF.
Symbol

Please note, there is a significant difference between CAIXA ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if CAIXA ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CAIXA ETF'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.

CAIXA ETF '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 CAIXA ETF'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 CAIXA ETF.
0.00
06/03/2024
No Change 0.00  0.0 
In 5 months and 30 days
11/30/2024
0.00
If you would invest  0.00  in CAIXA ETF on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding CAIXA ETF Ibovespa or generate 0.0% return on investment in CAIXA ETF over 180 days. The CAIXA ETF Ibovespa Index Fund is an internationally recognized Exchange Traded Fund . More

CAIXA ETF 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 CAIXA ETF'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 CAIXA ETF Ibovespa upside and downside potential and time the market with a certain degree of confidence.

CAIXA ETF Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for CAIXA ETF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CAIXA ETF's standard deviation. In reality, there are many statistical measures that can use CAIXA ETF historical prices to predict the future CAIXA ETF's volatility.
Hype
Prediction
LowEstimatedHigh
122.46123.27124.08
Details
Intrinsic
Valuation
LowRealHigh
116.76117.57135.60
Details
Naive
Forecast
LowNextHigh
122.15122.96123.78
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
121.85124.96128.06
Details

CAIXA ETF Ibovespa Backtested Returns

CAIXA ETF Ibovespa secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the etf had a -0.13% return per unit of return volatility over the last 3 months. CAIXA ETF Ibovespa exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CAIXA ETF's Variance of 0.6643, mean deviation of 0.6135, and Standard Deviation of 0.8151 to double-check the risk estimate we provide. The entity shows a Beta (market volatility) of -0.0475, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CAIXA ETF are expected to decrease at a much lower rate. During the bear market, CAIXA ETF is likely to outperform the market.

Auto-correlation

    
  -0.87  

Excellent reverse predictability

CAIXA ETF Ibovespa has excellent reverse predictability. Overlapping area represents the amount of predictability between CAIXA ETF time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 CAIXA ETF Ibovespa price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current CAIXA ETF price fluctuation can be explain by its past prices.
Correlation Coefficient-0.87
Spearman Rank Test-0.86
Residual Average0.0
Price Variance6.73

CAIXA ETF Ibovespa lagged returns against current returns

Autocorrelation, which is CAIXA ETF 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 CAIXA ETF's etf expected returns. We can calculate the autocorrelation of CAIXA ETF returns to help us make a trade decision. For example, suppose you find that CAIXA ETF 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  

CAIXA ETF 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 CAIXA ETF etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CAIXA ETF etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CAIXA ETF etf over time.
   Current vs Lagged Prices   
       Timeline  

CAIXA ETF Lagged Returns

When evaluating CAIXA ETF's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CAIXA ETF etf have on its future price. CAIXA ETF 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, CAIXA ETF autocorrelation shows the relationship between CAIXA ETF etf current value and its past values and can show if there is a momentum factor associated with investing in CAIXA ETF Ibovespa.
   Regressed Prices   
       Timeline  

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Other Information on Investing in CAIXA Etf

CAIXA ETF financial ratios help investors to determine whether CAIXA 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 CAIXA with respect to the benefits of owning CAIXA ETF security.