Moneda Deuda (Chile) Market Value
| CFIIMDLAT | CLP 185,558 2,443 1.30% |
| Symbol | Moneda |
Moneda Deuda '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 Moneda Deuda's etf 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 Moneda Deuda.
| 06/16/2024 |
| 12/13/2024 |
If you would invest 0.00 in Moneda Deuda on June 16, 2024 and sell it all today you would earn a total of 0.00 from holding Moneda Deuda Latinoamericana or generate 0.0% return on investment in Moneda Deuda over 180 days. Moneda Deuda is related to or competes with Multiexport Foods, Sociedad Matriz, Soquicom, Las Condes, Ripley Corp, and LATAM Airlines. Moneda Deuda Latinoamericana fondo de inversion is headquartered in Santiago, Chile More
Moneda Deuda 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 Moneda Deuda's etf 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 Moneda Deuda Latinoamericana upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.655 | |||
| Information Ratio | 0.1233 | |||
| Maximum Drawdown | 50358.9 | |||
| Value At Risk | (0.52) | |||
| Potential Upside | 2.32 |
Moneda Deuda Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Moneda Deuda's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Moneda Deuda's standard deviation. In reality, there are many statistical measures that can use Moneda Deuda historical prices to predict the future Moneda Deuda's volatility.| Risk Adjusted Performance | 0.0994 | |||
| Jensen Alpha | 795.56 | |||
| Total Risk Alpha | (5.92) | |||
| Sortino Ratio | 1166.87 | |||
| Treynor Ratio | (2.21) |
Moneda Deuda Latinoa Backtested Returns
Moneda Deuda is out of control given 3 months investment horizon. Moneda Deuda Latinoa has Sharpe Ratio of 0.14, which conveys that the entity had a 0.14% return per unit of risk over the last 3 months. We were able to break down twenty-six different technical indicators, which can help you to evaluate if expected returns of 18.17% are justified by taking the suggested risk. Use Moneda Deuda Latinoa Risk Adjusted Performance of 0.0994, mean deviation of 1502.82, and Coefficient Of Variation of 810.9 to evaluate company specific risk that cannot be diversified away. The etf secures a Beta (Market Risk) of -346.08, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Moneda Deuda are expected to decrease by larger amounts. On the other hand, during market turmoil, Moneda Deuda is expected to outperform it.
Auto-correlation | 0.59 |
Modest predictability
Moneda Deuda Latinoamericana has modest predictability. Overlapping area represents the amount of predictability between Moneda Deuda time series from 16th of June 2024 to 14th of September 2024 and 14th of September 2024 to 13th 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 Moneda Deuda Latinoa price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Moneda Deuda price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 5.5 B |
Moneda Deuda Latinoa lagged returns against current returns
Autocorrelation, which is Moneda Deuda etf'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 Moneda Deuda's etf expected returns. We can calculate the autocorrelation of Moneda Deuda returns to help us make a trade decision. For example, suppose you find that Moneda Deuda has exhibited high autocorrelation historically, and you observe that the etf 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 |
Moneda Deuda 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 Moneda Deuda etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Moneda Deuda etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Moneda Deuda etf over time.
Current vs Lagged Prices |
| Timeline |
Moneda Deuda Lagged Returns
When evaluating Moneda Deuda's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Moneda Deuda etf have on its future price. Moneda Deuda 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, Moneda Deuda autocorrelation shows the relationship between Moneda Deuda etf current value and its past values and can show if there is a momentum factor associated with investing in Moneda Deuda Latinoamericana.
Regressed Prices |
| Timeline |
Pair Trading with Moneda Deuda
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Moneda Deuda position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Moneda Deuda will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Moneda Deuda could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Moneda Deuda when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Moneda Deuda - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Moneda Deuda Latinoamericana to buy it.
The correlation of Moneda Deuda is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Moneda Deuda moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Moneda Deuda Latinoa moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Moneda Deuda can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Moneda Etf
Moneda Deuda financial ratios help investors to determine whether Moneda Etf 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 Moneda with respect to the benefits of owning Moneda Deuda security.