CAIXA ETF (Brazil) Market Value
| XBOV11 Etf | BRL 123.27 1.04 0.85% |
| Symbol | CAIXA |
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.
| 06/03/2024 |
| 11/30/2024 |
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.
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 4.14 | |||
| Value At Risk | (1.39) | |||
| Potential Upside | 1.21 |
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.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | 3.02 |
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, standard deviation of 0.8151, and Mean Deviation of 0.6135 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 Average | 0.0 | |
| Price Variance | 6.73 |
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 |
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 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.