HEDGE OFFICE (Brazil) Market Value
| HOFC11 Fund | 26.80 0.57 2.17% |
| Symbol | HEDGE |
HEDGE OFFICE '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 OFFICE'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 OFFICE.
| 03/15/2023 |
| 03/04/2025 |
If you would invest 0.00 in HEDGE OFFICE on March 15, 2023 and sell it all today you would earn a total of 0.00 from holding HEDGE OFFICE INCOME or generate 0.0% return on investment in HEDGE OFFICE over 720 days.
HEDGE OFFICE 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 OFFICE'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 OFFICE INCOME upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.26 | |||
| Information Ratio | 0.0723 | |||
| Maximum Drawdown | 18.83 | |||
| Value At Risk | (6.29) | |||
| Potential Upside | 8.0 |
HEDGE OFFICE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HEDGE OFFICE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HEDGE OFFICE's standard deviation. In reality, there are many statistical measures that can use HEDGE OFFICE historical prices to predict the future HEDGE OFFICE's volatility.| Risk Adjusted Performance | 0.0519 | |||
| Jensen Alpha | 0.1847 | |||
| Total Risk Alpha | 0.5106 | |||
| Sortino Ratio | 0.0827 | |||
| Treynor Ratio | (0.52) |
HEDGE OFFICE INCOME Backtested Returns
HEDGE OFFICE appears to be not too volatile, given 3 months investment horizon. HEDGE OFFICE INCOME holds Efficiency (Sharpe) Ratio of 0.0723, which attests that the entity had a 0.0723 % return per unit of return volatility over the last 3 months. We have found twenty-nine technical indicators for HEDGE OFFICE INCOME, which you can use to evaluate the volatility of the entity. Please utilize HEDGE OFFICE's Risk Adjusted Performance of 0.0519, semi deviation of 2.79, and Market Risk Adjusted Performance of (0.51) to validate if our risk estimates are consistent with your expectations. The fund retains a Market Volatility (i.e., Beta) of -0.4, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning HEDGE OFFICE are expected to decrease at a much lower rate. During the bear market, HEDGE OFFICE is likely to outperform the market.
Auto-correlation | 0.82 |
Very good predictability
HEDGE OFFICE INCOME has very good predictability. Overlapping area represents the amount of predictability between HEDGE OFFICE time series from 15th of March 2023 to 9th of March 2024 and 9th of March 2024 to 4th 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 HEDGE OFFICE INCOME price movement. The serial correlation of 0.82 indicates that around 82.0% of current HEDGE OFFICE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 9.21 |
HEDGE OFFICE INCOME lagged returns against current returns
Autocorrelation, which is HEDGE OFFICE 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 OFFICE's fund expected returns. We can calculate the autocorrelation of HEDGE OFFICE returns to help us make a trade decision. For example, suppose you find that HEDGE OFFICE 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 OFFICE 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 OFFICE fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HEDGE OFFICE fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HEDGE OFFICE fund over time.
Current vs Lagged Prices |
| Timeline |
HEDGE OFFICE Lagged Returns
When evaluating HEDGE OFFICE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HEDGE OFFICE fund have on its future price. HEDGE OFFICE 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 OFFICE autocorrelation shows the relationship between HEDGE OFFICE fund current value and its past values and can show if there is a momentum factor associated with investing in HEDGE OFFICE INCOME.
Regressed Prices |
| Timeline |
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