Kinea Hedge (Brazil) Market Value
| KNHF11 Fund | 78.15 0.94 1.19% |
| Symbol | Kinea |
Kinea Hedge '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 Kinea Hedge'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 Kinea Hedge.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Kinea Hedge on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Kinea Hedge Fund or generate 0.0% return on investment in Kinea Hedge over 90 days.
Kinea Hedge 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 Kinea Hedge'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 Kinea Hedge Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.39) | |||
| Maximum Drawdown | 4.74 | |||
| Value At Risk | (1.89) | |||
| Potential Upside | 1.62 |
Kinea Hedge Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kinea Hedge's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kinea Hedge's standard deviation. In reality, there are many statistical measures that can use Kinea Hedge historical prices to predict the future Kinea Hedge's volatility.| Risk Adjusted Performance | (0.19) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.95) |
Kinea Hedge Fund Backtested Returns
Kinea Hedge Fund has Sharpe Ratio of -0.24, which conveys that the entity had a -0.24% return per unit of risk over the last 3 months. Kinea Hedge exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kinea Hedge's Standard Deviation of 0.982, mean deviation of 0.7442, and Risk Adjusted Performance of (0.19) to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.28, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kinea Hedge's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kinea Hedge is expected to be smaller as well.
Auto-correlation | 0.91 |
Excellent predictability
Kinea Hedge Fund has excellent predictability. Overlapping area represents the amount of predictability between Kinea Hedge time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Kinea Hedge Fund price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current Kinea Hedge price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.91 | |
| Residual Average | 0.0 | |
| Price Variance | 9.19 |
Kinea Hedge Fund lagged returns against current returns
Autocorrelation, which is Kinea Hedge 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 Kinea Hedge's fund expected returns. We can calculate the autocorrelation of Kinea Hedge returns to help us make a trade decision. For example, suppose you find that Kinea Hedge 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 |
Kinea Hedge 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 Kinea Hedge fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kinea Hedge fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kinea Hedge fund over time.
Current vs Lagged Prices |
| Timeline |
Kinea Hedge Lagged Returns
When evaluating Kinea Hedge's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kinea Hedge fund have on its future price. Kinea Hedge 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, Kinea Hedge autocorrelation shows the relationship between Kinea Hedge fund current value and its past values and can show if there is a momentum factor associated with investing in Kinea Hedge Fund.
Regressed Prices |
| Timeline |
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