BK Variable (Spain) Market Value
| 0P0000120T | 16.53 0.22 1.35% |
| Symbol | 0P0000120T |
BK Variable '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 BK Variable'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 BK Variable.
| 12/13/2024 |
| 03/13/2025 |
If you would invest 0.00 in BK Variable on December 13, 2024 and sell it all today you would earn a total of 0.00 from holding BK Variable Internacional or generate 0.0% return on investment in BK Variable over 90 days.
BK Variable 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 BK Variable'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 BK Variable Internacional upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0087 | |||
| Maximum Drawdown | 3.71 | |||
| Value At Risk | (1.74) | |||
| Potential Upside | 1.12 |
BK Variable Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BK Variable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BK Variable's standard deviation. In reality, there are many statistical measures that can use BK Variable historical prices to predict the future BK Variable's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | 0.0128 | |||
| Treynor Ratio | (1.01) |
BK Variable Internacional Backtested Returns
BK Variable Internacional retains Efficiency (Sharpe Ratio) of -0.13, which signifies that the fund had a -0.13 % return per unit of price deviation over the last 3 months. BK Variable exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BK Variable's Variance of 0.7511, information ratio of 0.0087, and Market Risk Adjusted Performance of (1.00) to double-check the risk estimate we provide. The fund owns a Beta (Systematic Risk) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BK Variable's returns are expected to increase less than the market. However, during the bear market, the loss of holding BK Variable is expected to be smaller as well.
Auto-correlation | -0.66 |
Very good reverse predictability
BK Variable Internacional has very good reverse predictability. Overlapping area represents the amount of predictability between BK Variable time series from 13th of December 2024 to 27th of January 2025 and 27th of January 2025 to 13th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of BK Variable Internacional price movement. The serial correlation of -0.66 indicates that around 66.0% of current BK Variable price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
BK Variable Internacional lagged returns against current returns
Autocorrelation, which is BK Variable 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 BK Variable's fund expected returns. We can calculate the autocorrelation of BK Variable returns to help us make a trade decision. For example, suppose you find that BK Variable 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 |
BK Variable 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 BK Variable fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BK Variable fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BK Variable fund over time.
Current vs Lagged Prices |
| Timeline |
BK Variable Lagged Returns
When evaluating BK Variable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BK Variable fund have on its future price. BK Variable 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, BK Variable autocorrelation shows the relationship between BK Variable fund current value and its past values and can show if there is a momentum factor associated with investing in BK Variable Internacional.
Regressed Prices |
| Timeline |
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