Pedra Dourada (Brazil) Market Value
| OULG11 Fund | BRL 31.03 0.01 0.03% |
| Symbol | Pedra |
Please note, there is a significant difference between Pedra Dourada's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pedra Dourada is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pedra Dourada'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.
Pedra Dourada '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 Pedra Dourada'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 Pedra Dourada.
| 12/03/2023 |
| 12/27/2024 |
If you would invest 0.00 in Pedra Dourada on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding Pedra Dourada Fundo or generate 0.0% return on investment in Pedra Dourada over 390 days. Pedra Dourada is related to or competes with BTG Pactual, Plano Plano, S1YM34, Cable One, ATMA Participaes, British American, and ConocoPhillips. Pedra Dourada Fundo De Investimento Imobilirio - FII specializes in real estate investments More
Pedra Dourada 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 Pedra Dourada'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 Pedra Dourada Fundo upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9572 | |||
| Information Ratio | 0.0165 | |||
| Maximum Drawdown | 5.56 | |||
| Value At Risk | (1.43) | |||
| Potential Upside | 2.59 |
Pedra Dourada Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pedra Dourada's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pedra Dourada's standard deviation. In reality, there are many statistical measures that can use Pedra Dourada historical prices to predict the future Pedra Dourada's volatility.| Risk Adjusted Performance | 0.0572 | |||
| Jensen Alpha | 0.0679 | |||
| Total Risk Alpha | 0.0049 | |||
| Sortino Ratio | 0.0173 | |||
| Treynor Ratio | (0.32) |
Pedra Dourada Fundo Backtested Returns
At this point, Pedra Dourada is very steady. Pedra Dourada Fundo maintains Sharpe Ratio (i.e., Efficiency) of 0.0543, which implies the entity had a 0.0543% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Pedra Dourada Fundo, which you can use to evaluate the volatility of the fund. Please check Pedra Dourada's Risk Adjusted Performance of 0.0572, coefficient of variation of 1442.69, and Semi Deviation of 0.6296 to confirm if the risk estimate we provide is consistent with the expected return of 0.0559%. The fund holds a Beta of -0.19, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pedra Dourada are expected to decrease at a much lower rate. During the bear market, Pedra Dourada is likely to outperform the market.
Auto-correlation | -0.68 |
Very good reverse predictability
Pedra Dourada Fundo has very good reverse predictability. Overlapping area represents the amount of predictability between Pedra Dourada time series from 3rd of December 2023 to 15th of June 2024 and 15th of June 2024 to 27th 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 Pedra Dourada Fundo price movement. The serial correlation of -0.68 indicates that around 68.0% of current Pedra Dourada price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 1.05 |
Pedra Dourada Fundo lagged returns against current returns
Autocorrelation, which is Pedra Dourada 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 Pedra Dourada's fund expected returns. We can calculate the autocorrelation of Pedra Dourada returns to help us make a trade decision. For example, suppose you find that Pedra Dourada 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 |
Pedra Dourada 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 Pedra Dourada fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pedra Dourada fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pedra Dourada fund over time.
Current vs Lagged Prices |
| Timeline |
Pedra Dourada Lagged Returns
When evaluating Pedra Dourada's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pedra Dourada fund have on its future price. Pedra Dourada 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, Pedra Dourada autocorrelation shows the relationship between Pedra Dourada fund current value and its past values and can show if there is a momentum factor associated with investing in Pedra Dourada 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 Pedra Fund
Pedra Dourada financial ratios help investors to determine whether Pedra 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 Pedra with respect to the benefits of owning Pedra Dourada security.
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