TRX Renda (Brazil) Market Value
| TRXF11 Fund | BRL 97.98 0.88 0.91% |
| Symbol | TRX |
Please note, there is a significant difference between TRX Renda's value and its price as these two are different measures arrived at by different means. Investors typically determine if TRX Renda is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TRX Renda's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
TRX 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 TRX 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 TRX Renda.
| 12/28/2022 |
| 12/17/2024 |
If you would invest 0.00 in TRX Renda on December 28, 2022 and sell it all today you would earn a total of 0.00 from holding TRX Renda Fundo or generate 0.0% return on investment in TRX Renda over 720 days. TRX Renda is related to or competes with BTG Pactual, Plano Plano, Companhia Habitasul, Telefonaktiebolaget, Cable One, British American, and Suzano SA. More
TRX 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 TRX 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 TRX Renda Fundo upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 5.73 | |||
| Value At Risk | (1.51) | |||
| Potential Upside | 1.49 |
TRX Renda Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TRX Renda's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TRX Renda's standard deviation. In reality, there are many statistical measures that can use TRX Renda historical prices to predict the future TRX Renda's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.62) |
TRX Renda Fundo Backtested Returns
TRX Renda Fundo owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0632, which indicates the fund had a -0.0632% return per unit of risk over the last 3 months. TRX Renda Fundo exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TRX Renda's Risk Adjusted Performance of (0.04), variance of 0.9383, and Coefficient Of Variation of (1,532) to confirm the risk estimate we provide. The entity has a beta of 0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TRX Renda's returns are expected to increase less than the market. However, during the bear market, the loss of holding TRX Renda is expected to be smaller as well.
Auto-correlation | -0.26 |
Weak reverse predictability
TRX Renda Fundo has weak reverse predictability. Overlapping area represents the amount of predictability between TRX Renda time series from 28th of December 2022 to 23rd of December 2023 and 23rd of December 2023 to 17th 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 TRX Renda Fundo price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current TRX Renda price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 3.48 |
TRX Renda Fundo lagged returns against current returns
Autocorrelation, which is TRX 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 TRX Renda's fund expected returns. We can calculate the autocorrelation of TRX Renda returns to help us make a trade decision. For example, suppose you find that TRX 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 |
TRX 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 TRX Renda fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TRX Renda fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TRX Renda fund over time.
Current vs Lagged Prices |
| Timeline |
TRX Renda Lagged Returns
When evaluating TRX Renda's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TRX Renda fund have on its future price. TRX 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, TRX Renda autocorrelation shows the relationship between TRX Renda fund current value and its past values and can show if there is a momentum factor associated with investing in TRX Renda Fundo.
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 TRX Fund
TRX Renda financial ratios help investors to determine whether TRX 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 TRX with respect to the benefits of owning TRX Renda security.
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk |