Trx Real (Brazil) Market Value
| TRXB11 Fund | BRL 135.73 1.23 0.91% |
| Symbol | Trx |
Please note, there is a significant difference between Trx Real's value and its price as these two are different measures arrived at by different means. Investors typically determine if Trx Real is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Trx Real'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.
Trx Real '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 Trx Real'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 Trx Real.
| 12/10/2023 |
| 12/04/2024 |
Trx Real 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 Trx Real'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 Trx Real Estate upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 20.74 | |||
| Value At Risk | (5.30) | |||
| Potential Upside | 8.45 |
Trx Real Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trx Real's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trx Real's standard deviation. In reality, there are many statistical measures that can use Trx Real historical prices to predict the future Trx Real's volatility.| Risk Adjusted Performance | 0.0073 | |||
| Jensen Alpha | 0.1021 | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | 0.0128 |
Trx Real Estate Backtested Returns
Trx Real Estate owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0663, which indicates the fund had a -0.0663% return per unit of risk over the last 3 months. Trx Real Estate exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Trx Real's Variance of 16.35, coefficient of variation of (91,135), and Risk Adjusted Performance of 0.0073 to confirm the risk estimate we provide. The entity has a beta of -1.13, which indicates a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Trx Real are expected to decrease slowly. On the other hand, during market turmoil, Trx Real is expected to outperform it slightly.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Trx Real Estate has insignificant reverse predictability. Overlapping area represents the amount of predictability between Trx Real time series from 10th of December 2023 to 7th of June 2024 and 7th of June 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 Trx Real Estate price movement. The serial correlation of -0.16 indicates that over 16.0% of current Trx Real price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 99.14 |
Trx Real Estate lagged returns against current returns
Autocorrelation, which is Trx Real 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 Trx Real's fund expected returns. We can calculate the autocorrelation of Trx Real returns to help us make a trade decision. For example, suppose you find that Trx Real 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 |
Trx Real 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 Trx Real fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trx Real fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trx Real fund over time.
Current vs Lagged Prices |
| Timeline |
Trx Real Lagged Returns
When evaluating Trx Real's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trx Real fund have on its future price. Trx Real 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, Trx Real autocorrelation shows the relationship between Trx Real fund current value and its past values and can show if there is a momentum factor associated with investing in Trx Real Estate.
Regressed Prices |
| Timeline |
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Trx Real financial ratios help investors to determine whether Trx 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 Trx with respect to the benefits of owning Trx Real security.