Fondo Mutuo (Chile) Market Value

CFMDIVO Etf  CLP 1,397  1.60  0.11%   
Fondo Mutuo's market value is the price at which a share of Fondo Mutuo trades on a public exchange. It measures the collective expectations of Fondo Mutuo ETF investors about its performance. Fondo Mutuo is selling at 1397.00 as of the 13th of June 2024; that is 0.11 percent increase since the beginning of the trading day. The etf's open price was 1395.4.
With this module, you can estimate the performance of a buy and hold strategy of Fondo Mutuo ETF and determine expected loss or profit from investing in Fondo Mutuo over a given investment horizon. Check out Fondo Mutuo Correlation, Fondo Mutuo Volatility and Fondo Mutuo Alpha and Beta module to complement your research on Fondo Mutuo.

Please note, there is a significant difference between Fondo Mutuo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fondo Mutuo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fondo Mutuo'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.

Fondo Mutuo '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 Fondo Mutuo'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 Fondo Mutuo.
No Change 0.00  0.0 
In 30 days
If you would invest  0.00  in Fondo Mutuo on May 14, 2024 and sell it all today you would earn a total of 0.00 from holding Fondo Mutuo ETF or generate 0.0% return on investment in Fondo Mutuo over 30 days. More

Fondo Mutuo 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 Fondo Mutuo'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 Fondo Mutuo ETF upside and downside potential and time the market with a certain degree of confidence.

Fondo Mutuo Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fondo Mutuo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fondo Mutuo's standard deviation. In reality, there are many statistical measures that can use Fondo Mutuo historical prices to predict the future Fondo Mutuo's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fondo Mutuo'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.
Band Projection (param)
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Fondo Mutuo. Your research has to be compared to or analyzed against Fondo Mutuo's peers to derive any actionable benefits. When done correctly, Fondo Mutuo's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Fondo Mutuo ETF.

Fondo Mutuo ETF Backtested Returns

Fondo Mutuo ETF secures Sharpe Ratio (or Efficiency) of -0.0284, which denotes the etf had a -0.0284% return per unit of risk over the last 3 months. Fondo Mutuo ETF exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fondo Mutuo's Downside Deviation of 0.82, coefficient of variation of 5084.12, and Mean Deviation of 0.6392 to check the risk estimate we provide. The etf shows a Beta (market volatility) of -0.12, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fondo Mutuo are expected to decrease at a much lower rate. During the bear market, Fondo Mutuo is likely to outperform the market.



Virtually no predictability

Fondo Mutuo ETF has virtually no predictability. Overlapping area represents the amount of predictability between Fondo Mutuo time series from 14th of May 2024 to 29th of May 2024 and 29th of May 2024 to 13th of June 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 Fondo Mutuo ETF price movement. The serial correlation of 0.02 indicates that only 2.0% of current Fondo Mutuo price fluctuation can be explain by its past prices.
Correlation Coefficient0.02
Spearman Rank Test-0.5
Residual Average0.0
Price Variance177.56

Fondo Mutuo ETF lagged returns against current returns

Autocorrelation, which is Fondo Mutuo 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 Fondo Mutuo's etf expected returns. We can calculate the autocorrelation of Fondo Mutuo returns to help us make a trade decision. For example, suppose you find that Fondo Mutuo 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   

Fondo Mutuo 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 Fondo Mutuo etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fondo Mutuo etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fondo Mutuo etf over time.
   Current vs Lagged Prices   

Fondo Mutuo Lagged Returns

When evaluating Fondo Mutuo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fondo Mutuo etf have on its future price. Fondo Mutuo 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, Fondo Mutuo autocorrelation shows the relationship between Fondo Mutuo etf current value and its past values and can show if there is a momentum factor associated with investing in Fondo Mutuo ETF.
   Regressed Prices   

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Other Information on Investing in Fondo Etf

Fondo Mutuo financial ratios help investors to determine whether Fondo 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 Fondo with respect to the benefits of owning Fondo Mutuo security.