IRIDIUM FUNDO (Brazil) Market Value
| IRIM11 Fund | 64.10 1.88 2.85% |
| Symbol | IRIDIUM |
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.
| 11/06/2024 |
| 12/06/2024 |
If you would invest 0.00 in IRIDIUM FUNDO on November 6, 2024 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 30 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.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 5.06 | |||
| Value At Risk | (2.30) | |||
| Potential Upside | 1.68 |
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.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | (1.25) |
IRIDIUM FUNDO DE Backtested Returns
IRIDIUM FUNDO DE holds Efficiency (Sharpe) Ratio of -0.18, which attests that the entity had a -0.18% 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 (0.13), market risk adjusted performance of (1.24), and Coefficient Of Variation of (546.25) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.18, 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 | 0.10 |
Insignificant predictability
IRIDIUM FUNDO DE has insignificant predictability. Overlapping area represents the amount of predictability between IRIDIUM FUNDO time series from 6th of November 2024 to 21st of November 2024 and 21st of November 2024 to 6th 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 0.1 indicates that less than 10.0% of current IRIDIUM FUNDO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
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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