Kinea Renda (Brazil) Market Value

KNRI11 Fund  BRL 131.80  1.20  0.90%   
Kinea Renda's market value is the price at which a share of Kinea Renda trades on a public exchange. It measures the collective expectations of Kinea Renda Imobiliria investors about its performance. Kinea Renda is trading at 131.80 as of the 5th of December 2024, a 0.9% down since the beginning of the trading day. The fund's open price was 133.0.
With this module, you can estimate the performance of a buy and hold strategy of Kinea Renda Imobiliria and determine expected loss or profit from investing in Kinea Renda over a given investment horizon. Check out Kinea Renda Correlation, Kinea Renda Volatility and Kinea Renda Alpha and Beta module to complement your research on Kinea Renda.
Symbol

Please note, there is a significant difference between Kinea Renda's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kinea Renda is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kinea 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.

Kinea 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 Kinea 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 Kinea Renda.
0.00
11/05/2024
No Change 0.00  0.0 
In 31 days
12/05/2024
0.00
If you would invest  0.00  in Kinea Renda on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Kinea Renda Imobiliria or generate 0.0% return on investment in Kinea Renda over 30 days. Kinea Renda is related to or competes with Kinea Indices, Kinea Rendimentos, and Kinea Fundo. More

Kinea 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 Kinea 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 Kinea Renda Imobiliria upside and downside potential and time the market with a certain degree of confidence.

Kinea Renda Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Kinea Renda's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kinea Renda's standard deviation. In reality, there are many statistical measures that can use Kinea Renda historical prices to predict the future Kinea Renda's volatility.
Hype
Prediction
LowEstimatedHigh
130.81131.80132.79
Details
Intrinsic
Valuation
LowRealHigh
121.71122.70144.98
Details
Naive
Forecast
LowNextHigh
132.03133.02134.01
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
132.41133.83135.26
Details

Kinea Renda Imobiliria Backtested Returns

Kinea Renda Imobiliria has Sharpe Ratio of -0.23, which conveys that the entity had a -0.23% return per unit of risk over the last 3 months. Kinea Renda exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kinea Renda's Standard Deviation of 0.949, risk adjusted performance of (0.17), and Mean Deviation of 0.5079 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of -0.16, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kinea Renda are expected to decrease at a much lower rate. During the bear market, Kinea Renda is likely to outperform the market.

Auto-correlation

    
  0.86  

Very good predictability

Kinea Renda Imobiliria has very good predictability. Overlapping area represents the amount of predictability between Kinea Renda time series from 5th of November 2024 to 20th of November 2024 and 20th of November 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 Renda Imobiliria price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Kinea Renda price fluctuation can be explain by its past prices.
Correlation Coefficient0.86
Spearman Rank Test0.81
Residual Average0.0
Price Variance2.31

Kinea Renda Imobiliria lagged returns against current returns

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

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

Kinea Renda Lagged Returns

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

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Other Information on Investing in Kinea Fund

Kinea Renda 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 Renda security.
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