Nu Renda (Brazil) Market Value
| NDIV11 Fund | 101.21 0.20 0.20% |
| Symbol | NDIV11 |
Nu Renda '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 Nu Renda'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 Nu Renda.
| 09/03/2024 |
| 01/01/2025 |
If you would invest 0.00 in Nu Renda on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Nu Renda Ibov or generate 0.0% return on investment in Nu Renda over 120 days.
Nu Renda 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 Nu Renda'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 Nu Renda Ibov upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 4.54 | |||
| Value At Risk | (1.86) | |||
| Potential Upside | 1.24 |
Nu Renda Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nu Renda's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nu Renda's standard deviation. In reality, there are many statistical measures that can use Nu Renda historical prices to predict the future Nu Renda's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.77) |
Nu Renda Ibov Backtested Returns
Nu Renda Ibov retains Efficiency (Sharpe Ratio) of -0.18, which conveys that the entity had a -0.18% return per unit of price deviation over the last 3 months. Nu Renda exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nu Renda's Market Risk Adjusted Performance of (0.76), mean deviation of 0.7654, and Information Ratio of (0.15) to check out the risk estimate we provide. The fund owns a Beta (Systematic Risk) of 0.19, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nu Renda's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nu Renda is expected to be smaller as well.
Auto-correlation | 0.71 |
Good predictability
Nu Renda Ibov has good predictability. Overlapping area represents the amount of predictability between Nu Renda time series from 3rd of September 2024 to 2nd of November 2024 and 2nd of November 2024 to 1st 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 Nu Renda Ibov price movement. The serial correlation of 0.71 indicates that around 71.0% of current Nu Renda price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 7.17 |
Nu Renda Ibov lagged returns against current returns
Autocorrelation, which is Nu Renda 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 Nu Renda's fund expected returns. We can calculate the autocorrelation of Nu Renda returns to help us make a trade decision. For example, suppose you find that Nu Renda 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 |
Nu Renda 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 Nu Renda fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nu Renda fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nu Renda fund over time.
Current vs Lagged Prices |
| Timeline |
Nu Renda Lagged Returns
When evaluating Nu Renda's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nu Renda fund have on its future price. Nu Renda 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, Nu Renda autocorrelation shows the relationship between Nu Renda fund current value and its past values and can show if there is a momentum factor associated with investing in Nu Renda Ibov.
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.| NVDA | NVIDIA | |
| CRESY | Cresud SACIF y | |
| GOOG | Alphabet Inc Class C |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing |