BB Renda (Brazil) Market Value
| RNDP11 Fund | BRL 64.88 1.32 1.99% |
| Symbol | RNDP11 |
BB Renda '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 BB Renda'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 BB Renda.
| 05/01/2024 |
| 05/31/2024 |
If you would invest 0.00 in BB Renda on May 1, 2024 and sell it all today you would earn a total of 0.00 from holding BB Renda de or generate 0.0% return on investment in BB Renda over 30 days. BB Renda is related to or competes with Fras Le, Energisa, BTG Pactual, Plano Plano, Companhia Habitasul, Procter Gamble, and Cable One. More
BB Renda 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 BB Renda'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 BB Renda de upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 30.46 | |||
| Value At Risk | (6.69) | |||
| Potential Upside | 4.11 |
BB Renda Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BB Renda's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BB Renda's standard deviation. In reality, there are many statistical measures that can use BB Renda historical prices to predict the future BB Renda's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.71) | |||
| Total Risk Alpha | (0.79) | |||
| Treynor Ratio | (0.66) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BB Renda's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
BB Renda de Backtested Returns
BB Renda de retains Efficiency (Sharpe Ratio) of -0.29, which signifies that the fund had a -0.29% return per unit of price deviation over the last 3 months. BB Renda exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BB Renda's Information Ratio of (0.17), market risk adjusted performance of (0.65), and Variance of 17.75 to double-check the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 1.06, which signifies a somewhat significant risk relative to the market. BB Renda returns are very sensitive to returns on the market. As the market goes up or down, BB Renda is expected to follow.
Auto-correlation | 0.87 |
Very good predictability
BB Renda de has very good predictability. Overlapping area represents the amount of predictability between BB Renda time series from 1st of May 2024 to 16th of May 2024 and 16th of May 2024 to 31st of May 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 BB Renda de price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current BB Renda price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 29.04 |
BB Renda de lagged returns against current returns
Autocorrelation, which is BB Renda 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 BB Renda's fund expected returns. We can calculate the autocorrelation of BB Renda returns to help us make a trade decision. For example, suppose you find that BB Renda 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 |
BB Renda 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 BB Renda fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BB Renda fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BB Renda fund over time.
Current vs Lagged Prices |
| Timeline |
BB Renda Lagged Returns
When evaluating BB Renda's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BB Renda fund have on its future price. BB Renda 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, BB Renda autocorrelation shows the relationship between BB Renda fund current value and its past values and can show if there is a momentum factor associated with investing in BB Renda de.
Regressed Prices |
| Timeline |
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BB Renda technical fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.