Legatus Shoppings (Brazil) Market Value
| LASC11 Fund | 110.00 0.02 0.02% |
| Symbol | Legatus |
Legatus Shoppings '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 Legatus Shoppings' 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 Legatus Shoppings.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Legatus Shoppings on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Legatus Shoppings Fundo or generate 0.0% return on investment in Legatus Shoppings over 30 days.
Legatus Shoppings 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 Legatus Shoppings' 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 Legatus Shoppings Fundo upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 3.49 | |||
| Value At Risk | (0.75) | |||
| Potential Upside | 0.6163 |
Legatus Shoppings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Legatus Shoppings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Legatus Shoppings' standard deviation. In reality, there are many statistical measures that can use Legatus Shoppings historical prices to predict the future Legatus Shoppings' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.1) | |||
| Treynor Ratio | (0.91) |
Legatus Shoppings Fundo Backtested Returns
Legatus Shoppings Fundo has Sharpe Ratio of -0.042, which conveys that the entity had a -0.042% return per unit of risk over the last 3 months. Legatus Shoppings exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Legatus Shoppings' Standard Deviation of 0.4224, risk adjusted performance of (0.06), and Mean Deviation of 0.1996 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.0417, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Legatus Shoppings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Legatus Shoppings is expected to be smaller as well.
Auto-correlation | -0.07 |
Very weak reverse predictability
Legatus Shoppings Fundo has very weak reverse predictability. Overlapping area represents the amount of predictability between Legatus Shoppings time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Legatus Shoppings Fundo price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Legatus Shoppings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Legatus Shoppings Fundo lagged returns against current returns
Autocorrelation, which is Legatus Shoppings 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 Legatus Shoppings' fund expected returns. We can calculate the autocorrelation of Legatus Shoppings returns to help us make a trade decision. For example, suppose you find that Legatus Shoppings 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 |
Legatus Shoppings 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 Legatus Shoppings fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Legatus Shoppings fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Legatus Shoppings fund over time.
Current vs Lagged Prices |
| Timeline |
Legatus Shoppings Lagged Returns
When evaluating Legatus Shoppings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Legatus Shoppings fund have on its future price. Legatus Shoppings 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, Legatus Shoppings autocorrelation shows the relationship between Legatus Shoppings fund current value and its past values and can show if there is a momentum factor associated with investing in Legatus Shoppings Fundo.
Regressed Prices |
| Timeline |
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