Kinea Creditas (Brazil) Market Value
| KCRE11 Fund | 8.05 0.40 4.73% |
| Symbol | Kinea |
Please note, there is a significant difference between Kinea Creditas' value and its price as these two are different measures arrived at by different means. Investors typically determine if Kinea Creditas is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kinea Creditas' 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.
Kinea Creditas '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 Kinea Creditas' 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 Kinea Creditas.
| 12/11/2023 |
| 12/05/2024 |
If you would invest 0.00 in Kinea Creditas on December 11, 2023 and sell it all today you would earn a total of 0.00 from holding Kinea Creditas Fundo or generate 0.0% return on investment in Kinea Creditas over 360 days. Kinea Creditas is related to or competes with Fras Le, Western Digital, BTG Pactual, Intuitive Surgical, Procter Gamble, Cable One, and Companhia Paranaense. More
Kinea Creditas 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 Kinea Creditas' 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 Kinea Creditas Fundo upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 5.43 | |||
| Value At Risk | (2.11) | |||
| Potential Upside | 1.72 |
Kinea Creditas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kinea Creditas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kinea Creditas' standard deviation. In reality, there are many statistical measures that can use Kinea Creditas historical prices to predict the future Kinea Creditas' volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (2.32) |
Kinea Creditas Fundo Backtested Returns
Kinea Creditas Fundo has Sharpe Ratio of -0.19, which conveys that the entity had a -0.19% return per unit of risk over the last 3 months. Kinea Creditas exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kinea Creditas' Mean Deviation of 0.9099, risk adjusted performance of (0.15), and Standard Deviation of 1.22 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kinea Creditas' returns are expected to increase less than the market. However, during the bear market, the loss of holding Kinea Creditas is expected to be smaller as well.
Auto-correlation | -0.23 |
Weak reverse predictability
Kinea Creditas Fundo has weak reverse predictability. Overlapping area represents the amount of predictability between Kinea Creditas time series from 11th of December 2023 to 8th of June 2024 and 8th of June 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 Kinea Creditas Fundo price movement. The serial correlation of -0.23 indicates that over 23.0% of current Kinea Creditas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Kinea Creditas Fundo lagged returns against current returns
Autocorrelation, which is Kinea Creditas 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 Kinea Creditas' fund expected returns. We can calculate the autocorrelation of Kinea Creditas returns to help us make a trade decision. For example, suppose you find that Kinea Creditas 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 |
Kinea Creditas 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 Kinea Creditas fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kinea Creditas fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kinea Creditas fund over time.
Current vs Lagged Prices |
| Timeline |
Kinea Creditas Lagged Returns
When evaluating Kinea Creditas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kinea Creditas fund have on its future price. Kinea Creditas 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, Kinea Creditas autocorrelation shows the relationship between Kinea Creditas fund current value and its past values and can show if there is a momentum factor associated with investing in Kinea Creditas 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 Kinea Fund
Kinea Creditas financial ratios help investors to determine whether Kinea 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 Kinea with respect to the benefits of owning Kinea Creditas security.
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