Brandes E Plus Fund Market Value
| BCPRX Fund | USD 8.25 0.02 0.24% |
| Symbol | Brandes |
Brandes Core '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 Brandes Core's mutual 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 Brandes Core.
| 02/28/2024 |
| 05/28/2024 |
If you would invest 0.00 in Brandes Core on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding Brandes E Plus or generate 0.0% return on investment in Brandes Core over 90 days. Brandes Core is related to or competes with Metropolitan West, Metropolitan West, Pimco Total, Total Return, Total Return, Total Return, and Strategic Advisers. The fund invests at least 80 percent of its net assets measured at the time of purchase in fixed income securities More
Brandes Core 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 Brandes Core's mutual 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 Brandes E Plus upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3468 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 1.58 | |||
| Value At Risk | (0.48) | |||
| Potential Upside | 0.3672 |
Brandes Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brandes Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brandes Core's standard deviation. In reality, there are many statistical measures that can use Brandes Core historical prices to predict the future Brandes Core's volatility.| Risk Adjusted Performance | 0.0207 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.027 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Brandes Core's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Brandes E Plus Backtested Returns
We consider Brandes Core very steady. Brandes E Plus secures Sharpe Ratio (or Efficiency) of 0.0353, which signifies that the fund had a 0.0353% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Brandes E Plus, which you can use to evaluate the volatility of the entity. Please confirm Brandes Core's risk adjusted performance of 0.0207, and Mean Deviation of 0.2176 to double-check if the risk estimate we provide is consistent with the expected return of 0.0101%. The fund shows a Beta (market volatility) of 0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Brandes Core's returns are expected to increase less than the market. However, during the bear market, the loss of holding Brandes Core is expected to be smaller as well.
Auto-correlation | -0.32 |
Poor reverse predictability
Brandes E Plus has poor reverse predictability. Overlapping area represents the amount of predictability between Brandes Core time series from 28th of February 2024 to 13th of April 2024 and 13th of April 2024 to 28th of May 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 Brandes E Plus price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Brandes Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Brandes E Plus lagged returns against current returns
Autocorrelation, which is Brandes Core mutual 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 Brandes Core's mutual fund expected returns. We can calculate the autocorrelation of Brandes Core returns to help us make a trade decision. For example, suppose you find that Brandes Core has exhibited high autocorrelation historically, and you observe that the mutual 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 |
Brandes Core 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 Brandes Core mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brandes Core mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brandes Core mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Brandes Core Lagged Returns
When evaluating Brandes Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brandes Core mutual fund have on its future price. Brandes Core 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, Brandes Core autocorrelation shows the relationship between Brandes Core mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Brandes E Plus.
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.Check out Brandes Core Correlation, Brandes Core Volatility and Brandes Core Alpha and Beta module to complement your research on Brandes Core. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Brandes Core technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.