Renda De (Brazil) Market Value
| NEWU11 Fund | BRL 79.00 1.99 2.46% |
| Symbol | Renda |
Renda De '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 Renda De'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 Renda De.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Renda De on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Renda de Escritorios or generate 0.0% return on investment in Renda De over 30 days. Renda De is related to or competes with Energisa, BTG Pactual, Plano Plano, Companhia Habitasul, Telefonaktiebolaget, Cable One, and British American. Renda de Escritorios Fundo de Investimento Imobiliario - Cotas Fundo specializes in real estate investments More
Renda De 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 Renda De'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 Renda de Escritorios upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.97 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 21.63 | |||
| Value At Risk | (6.59) | |||
| Potential Upside | 6.6 |
Renda De Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Renda De's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Renda De's standard deviation. In reality, there are many statistical measures that can use Renda De historical prices to predict the future Renda De's volatility.| Risk Adjusted Performance | 0.0207 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.44) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0572 |
Renda de Escritorios Backtested Returns
At this point, Renda De is very steady. Renda de Escritorios maintains Sharpe Ratio (i.e., Efficiency) of 0.0259, which implies the entity had a 0.0259% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Renda de Escritorios, which you can use to evaluate the volatility of the fund. Please check Renda De's Coefficient Of Variation of 5669.09, semi deviation of 2.48, and Risk Adjusted Performance of 0.0207 to confirm if the risk estimate we provide is consistent with the expected return of 0.093%. The fund holds a Beta of 0.91, which implies possible diversification benefits within a given portfolio. Renda De returns are very sensitive to returns on the market. As the market goes up or down, Renda De is expected to follow.
Auto-correlation | 0.54 |
Modest predictability
Renda de Escritorios has modest predictability. Overlapping area represents the amount of predictability between Renda De time series from 13th of November 2024 to 28th of November 2024 and 28th of November 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 Renda de Escritorios price movement. The serial correlation of 0.54 indicates that about 54.0% of current Renda De price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 19.64 |
Renda de Escritorios lagged returns against current returns
Autocorrelation, which is Renda De 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 Renda De's fund expected returns. We can calculate the autocorrelation of Renda De returns to help us make a trade decision. For example, suppose you find that Renda De 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 |
Renda De 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 Renda De fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Renda De fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Renda De fund over time.
Current vs Lagged Prices |
| Timeline |
Renda De Lagged Returns
When evaluating Renda De's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Renda De fund have on its future price. Renda De 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, Renda De autocorrelation shows the relationship between Renda De fund current value and its past values and can show if there is a momentum factor associated with investing in Renda de Escritorios.
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 Renda Fund
Renda De financial ratios help investors to determine whether Renda 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 Renda with respect to the benefits of owning Renda De security.
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