PPLA Participations (Brazil) Market Value
| PPLA11 Etf | BRL 2.23 0.01 0.45% |
| Symbol | PPLA |
PPLA Participations '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 PPLA Participations' etf 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 PPLA Participations.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in PPLA Participations on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding PPLA Participations or generate 0.0% return on investment in PPLA Participations over 180 days. PPLA Participations Ltd. formerly known as BTG Pactual Participations Ltd More
PPLA Participations 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 PPLA Participations' etf 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 PPLA Participations upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 37.85 | |||
| Value At Risk | (8.30) | |||
| Potential Upside | 11.91 |
PPLA Participations Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PPLA Participations' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PPLA Participations' standard deviation. In reality, there are many statistical measures that can use PPLA Participations historical prices to predict the future PPLA Participations' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (1.11) | |||
| Treynor Ratio | 2.31 |
PPLA Participations Backtested Returns
PPLA Participations maintains Sharpe Ratio (i.e., Efficiency) of -0.0477, which implies the entity had a -0.0477% return per unit of volatility over the last 3 months. PPLA Participations exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PPLA Participations' risk adjusted performance of (0.02), and Coefficient Of Variation of (3,227) to confirm the risk estimate we provide. The etf holds a Beta of -0.0787, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PPLA Participations are expected to decrease at a much lower rate. During the bear market, PPLA Participations is likely to outperform the market.
Auto-correlation | 0.68 |
Good predictability
PPLA Participations has good predictability. Overlapping area represents the amount of predictability between PPLA Participations time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 PPLA Participations price movement. The serial correlation of 0.68 indicates that around 68.0% of current PPLA Participations price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
PPLA Participations lagged returns against current returns
Autocorrelation, which is PPLA Participations etf'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 PPLA Participations' etf expected returns. We can calculate the autocorrelation of PPLA Participations returns to help us make a trade decision. For example, suppose you find that PPLA Participations has exhibited high autocorrelation historically, and you observe that the etf 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 |
PPLA Participations 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 PPLA Participations etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PPLA Participations etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PPLA Participations etf over time.
Current vs Lagged Prices |
| Timeline |
PPLA Participations Lagged Returns
When evaluating PPLA Participations' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PPLA Participations etf have on its future price. PPLA Participations 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, PPLA Participations autocorrelation shows the relationship between PPLA Participations etf current value and its past values and can show if there is a momentum factor associated with investing in PPLA Participations.
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 PPLA Etf
PPLA Participations financial ratios help investors to determine whether PPLA Etf 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 PPLA with respect to the benefits of owning PPLA Participations security.