HEDGE DESENVOLVIMENTO (Brazil) Market Value
| HDEL11 Fund | 98.00 9.00 8.41% |
| Symbol | HEDGE |
HEDGE DESENVOLVIMENTO '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 HEDGE DESENVOLVIMENTO'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 HEDGE DESENVOLVIMENTO.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in HEDGE DESENVOLVIMENTO on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding HEDGE DESENVOLVIMENTO LOGSTICO or generate 0.0% return on investment in HEDGE DESENVOLVIMENTO over 390 days.
HEDGE DESENVOLVIMENTO 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 HEDGE DESENVOLVIMENTO'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 HEDGE DESENVOLVIMENTO LOGSTICO upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 8.62 |
HEDGE DESENVOLVIMENTO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HEDGE DESENVOLVIMENTO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HEDGE DESENVOLVIMENTO's standard deviation. In reality, there are many statistical measures that can use HEDGE DESENVOLVIMENTO historical prices to predict the future HEDGE DESENVOLVIMENTO's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (1.92) |
HEDGE DESENVOLVIMENTO Backtested Returns
HEDGE DESENVOLVIMENTO holds Efficiency (Sharpe) Ratio of -0.17, which attests that the entity had a -0.17% return per unit of return volatility over the last 3 months. HEDGE DESENVOLVIMENTO exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HEDGE DESENVOLVIMENTO's Risk Adjusted Performance of (0.11), coefficient of variation of (606.41), and Market Risk Adjusted Performance of (1.91) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HEDGE DESENVOLVIMENTO's returns are expected to increase less than the market. However, during the bear market, the loss of holding HEDGE DESENVOLVIMENTO is expected to be smaller as well.
Auto-correlation | 0.63 |
Good predictability
HEDGE DESENVOLVIMENTO LOGSTICO has good predictability. Overlapping area represents the amount of predictability between HEDGE DESENVOLVIMENTO time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th of December 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 HEDGE DESENVOLVIMENTO price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current HEDGE DESENVOLVIMENTO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 30.56 |
HEDGE DESENVOLVIMENTO lagged returns against current returns
Autocorrelation, which is HEDGE DESENVOLVIMENTO 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 HEDGE DESENVOLVIMENTO's fund expected returns. We can calculate the autocorrelation of HEDGE DESENVOLVIMENTO returns to help us make a trade decision. For example, suppose you find that HEDGE DESENVOLVIMENTO 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 |
HEDGE DESENVOLVIMENTO 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 HEDGE DESENVOLVIMENTO fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HEDGE DESENVOLVIMENTO fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HEDGE DESENVOLVIMENTO fund over time.
Current vs Lagged Prices |
| Timeline |
HEDGE DESENVOLVIMENTO Lagged Returns
When evaluating HEDGE DESENVOLVIMENTO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HEDGE DESENVOLVIMENTO fund have on its future price. HEDGE DESENVOLVIMENTO 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, HEDGE DESENVOLVIMENTO autocorrelation shows the relationship between HEDGE DESENVOLVIMENTO fund current value and its past values and can show if there is a momentum factor associated with investing in HEDGE DESENVOLVIMENTO LOGSTICO.
Regressed Prices |
| Timeline |
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