ASA RETROFITS (Brazil) Market Value
| ASRF11 Fund | 10,942 0.00 0.00% |
| Symbol | ASA |
ASA RETROFITS '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 ASA RETROFITS'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 ASA RETROFITS.
| 12/24/2024 |
| 01/23/2025 |
If you would invest 0.00 in ASA RETROFITS on December 24, 2024 and sell it all today you would earn a total of 0.00 from holding ASA RETROFITS I or generate 0.0% return on investment in ASA RETROFITS over 30 days.
ASA RETROFITS 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 ASA RETROFITS'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 ASA RETROFITS I upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1028 | |||
| Maximum Drawdown | 9.42 |
ASA RETROFITS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ASA RETROFITS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ASA RETROFITS's standard deviation. In reality, there are many statistical measures that can use ASA RETROFITS historical prices to predict the future ASA RETROFITS's volatility.| Risk Adjusted Performance | 0.1139 | |||
| Jensen Alpha | 0.1674 | |||
| Total Risk Alpha | 0.1153 | |||
| Treynor Ratio | (0.26) |
ASA RETROFITS I Backtested Returns
At this point, ASA RETROFITS is very steady. ASA RETROFITS I retains Efficiency (Sharpe Ratio) of 0.13, which signifies that the fund had a 0.13 % return per unit of risk over the last 3 months. We have found seventeen technical indicators for ASA RETROFITS, which you can use to evaluate the volatility of the entity. Please confirm ASA RETROFITS's market risk adjusted performance of (0.25), and Variance of 1.53 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%. The fund owns a Beta (Systematic Risk) of -0.59, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ASA RETROFITS are expected to decrease at a much lower rate. During the bear market, ASA RETROFITS is likely to outperform the market.
Auto-correlation | 0.00 |
No correlation between past and present
ASA RETROFITS I has no correlation between past and present. Overlapping area represents the amount of predictability between ASA RETROFITS time series from 24th of December 2024 to 8th of January 2025 and 8th of January 2025 to 23rd of January 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 ASA RETROFITS I price movement. The serial correlation of 0.0 indicates that just 0.0% of current ASA RETROFITS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ASA RETROFITS I lagged returns against current returns
Autocorrelation, which is ASA RETROFITS 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 ASA RETROFITS's fund expected returns. We can calculate the autocorrelation of ASA RETROFITS returns to help us make a trade decision. For example, suppose you find that ASA RETROFITS 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 |
ASA RETROFITS 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 ASA RETROFITS fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ASA RETROFITS fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ASA RETROFITS fund over time.
Current vs Lagged Prices |
| Timeline |
ASA RETROFITS Lagged Returns
When evaluating ASA RETROFITS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ASA RETROFITS fund have on its future price. ASA RETROFITS 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, ASA RETROFITS autocorrelation shows the relationship between ASA RETROFITS fund current value and its past values and can show if there is a momentum factor associated with investing in ASA RETROFITS I.
Regressed Prices |
| Timeline |
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