IRIDIUM FUNDO (Brazil) Market Value

IRIM11 Fund   65.98  0.94  1.40%   
IRIDIUM FUNDO's market value is the price at which a share of IRIDIUM FUNDO trades on a public exchange. It measures the collective expectations of IRIDIUM FUNDO DE investors about its performance. IRIDIUM FUNDO is trading at 65.98 as of the 5th of December 2024, a 1.4% down since the beginning of the trading day. The fund's open price was 66.92.
With this module, you can estimate the performance of a buy and hold strategy of IRIDIUM FUNDO DE and determine expected loss or profit from investing in IRIDIUM FUNDO over a given investment horizon. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol

IRIDIUM FUNDO '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 IRIDIUM FUNDO'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 IRIDIUM FUNDO.
0.00
10/12/2023
No Change 0.00  0.0 
In 1 year 1 month and 25 days
12/05/2024
0.00
If you would invest  0.00  in IRIDIUM FUNDO on October 12, 2023 and sell it all today you would earn a total of 0.00 from holding IRIDIUM FUNDO DE or generate 0.0% return on investment in IRIDIUM FUNDO over 420 days.

IRIDIUM FUNDO 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 IRIDIUM FUNDO'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 IRIDIUM FUNDO DE upside and downside potential and time the market with a certain degree of confidence.

IRIDIUM FUNDO Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for IRIDIUM FUNDO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IRIDIUM FUNDO's standard deviation. In reality, there are many statistical measures that can use IRIDIUM FUNDO historical prices to predict the future IRIDIUM FUNDO's volatility.

IRIDIUM FUNDO DE Backtested Returns

IRIDIUM FUNDO DE holds Efficiency (Sharpe) Ratio of -0.15, which attests that the entity had a -0.15% return per unit of risk over the last 3 months. IRIDIUM FUNDO DE exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IRIDIUM FUNDO's Risk Adjusted Performance of (0.11), coefficient of variation of (647.98), and Market Risk Adjusted Performance of (0.86) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.21, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IRIDIUM FUNDO's returns are expected to increase less than the market. However, during the bear market, the loss of holding IRIDIUM FUNDO is expected to be smaller as well.

Auto-correlation

    
  0.71  

Good predictability

IRIDIUM FUNDO DE has good predictability. Overlapping area represents the amount of predictability between IRIDIUM FUNDO time series from 12th of October 2023 to 9th of May 2024 and 9th of May 2024 to 5th 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 IRIDIUM FUNDO DE price movement. The serial correlation of 0.71 indicates that around 71.0% of current IRIDIUM FUNDO price fluctuation can be explain by its past prices.
Correlation Coefficient0.71
Spearman Rank Test0.71
Residual Average0.0
Price Variance11.15

IRIDIUM FUNDO DE lagged returns against current returns

Autocorrelation, which is IRIDIUM FUNDO 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 IRIDIUM FUNDO's fund expected returns. We can calculate the autocorrelation of IRIDIUM FUNDO returns to help us make a trade decision. For example, suppose you find that IRIDIUM FUNDO 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  

IRIDIUM FUNDO 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 IRIDIUM FUNDO fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IRIDIUM FUNDO fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IRIDIUM FUNDO fund over time.
   Current vs Lagged Prices   
       Timeline  

IRIDIUM FUNDO Lagged Returns

When evaluating IRIDIUM FUNDO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IRIDIUM FUNDO fund have on its future price. IRIDIUM FUNDO 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, IRIDIUM FUNDO autocorrelation shows the relationship between IRIDIUM FUNDO fund current value and its past values and can show if there is a momentum factor associated with investing in IRIDIUM FUNDO DE.
   Regressed Prices   
       Timeline  

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