Devant Recebiveis (Brazil) Market Value
| DEVA11 Fund | BRL 28.60 0.29 1.02% |
| Symbol | Devant |
Please note, there is a significant difference between Devant Recebiveis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Devant Recebiveis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Devant Recebiveis' 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.
Devant Recebiveis '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 Devant Recebiveis' 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 Devant Recebiveis.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Devant Recebiveis on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Devant Recebiveis Imobiliarios or generate 0.0% return on investment in Devant Recebiveis over 90 days. Devant Recebiveis is related to or competes with BTG Pactual, and BB Renda. More
Devant Recebiveis 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 Devant Recebiveis' 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 Devant Recebiveis Imobiliarios upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 4.0E-4 | |||
| Maximum Drawdown | 10.58 | |||
| Value At Risk | (4.35) | |||
| Potential Upside | 4.96 |
Devant Recebiveis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Devant Recebiveis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Devant Recebiveis' standard deviation. In reality, there are many statistical measures that can use Devant Recebiveis historical prices to predict the future Devant Recebiveis' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | 0.1504 | |||
| Treynor Ratio | (1.22) |
Devant Recebiveis Backtested Returns
Devant Recebiveis appears to be very steady, given 3 months investment horizon. Devant Recebiveis secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the fund had a 0.13 % return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Devant Recebiveis Imobiliarios, which you can use to evaluate the volatility of the entity. Please utilize Devant Recebiveis' Standard Deviation of 2.32, variance of 5.4, and Mean Deviation of 1.57 to check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 0.0736, which means not very significant fluctuations relative to the market. As returns on the market increase, Devant Recebiveis' returns are expected to increase less than the market. However, during the bear market, the loss of holding Devant Recebiveis is expected to be smaller as well.
Auto-correlation | -0.55 |
Good reverse predictability
Devant Recebiveis Imobiliarios has good reverse predictability. Overlapping area represents the amount of predictability between Devant Recebiveis time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th 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 Devant Recebiveis price movement. The serial correlation of -0.55 indicates that about 55.0% of current Devant Recebiveis price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Devant Recebiveis lagged returns against current returns
Autocorrelation, which is Devant Recebiveis 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 Devant Recebiveis' fund expected returns. We can calculate the autocorrelation of Devant Recebiveis returns to help us make a trade decision. For example, suppose you find that Devant Recebiveis 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 |
Devant Recebiveis 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 Devant Recebiveis fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Devant Recebiveis fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Devant Recebiveis fund over time.
Current vs Lagged Prices |
| Timeline |
Devant Recebiveis Lagged Returns
When evaluating Devant Recebiveis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Devant Recebiveis fund have on its future price. Devant Recebiveis 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, Devant Recebiveis autocorrelation shows the relationship between Devant Recebiveis fund current value and its past values and can show if there is a momentum factor associated with investing in Devant Recebiveis Imobiliarios.
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 Devant Fund
Devant Recebiveis financial ratios help investors to determine whether Devant Fund 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 Devant with respect to the benefits of owning Devant Recebiveis security.
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