Bovespa (Brazil) Market Value

BVSP -  Brazil Index  

 108,488  1,483  1.39%

Bovespa's market value is the price at which a share of Bovespa stock trades on a public exchange. It measures the collective expectations of Bovespa investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Bovespa and determine expected loss or profit from investing in Bovespa over a given investment horizon. Check out Bovespa Hype Analysis, Bovespa Correlation, Portfolio Optimization, Bovespa Volatility, as well as analyze Bovespa Alpha and Beta and Bovespa Performance.
Symbol
Backtest

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

Bovespa '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 Bovespa's index 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 Bovespa.
0.00
04/22/2022
No Change 0.00  0.0 
In 30 days
05/22/2022
0.00
If you would invest  0.00  in Bovespa on April 22, 2022 and sell it all today you would earn a total of 0.00 from holding Bovespa or generate 0.0% return on investment in Bovespa over 30 days.

Bovespa 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 Bovespa's index 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 Bovespa upside and downside potential and time the market with a certain degree of confidence.

Bovespa Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Bovespa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bovespa's standard deviation. In reality, there are many statistical measures that can use Bovespa historical prices to predict the future Bovespa's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Bovespa'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. Please use the tools below to analyze the current value of Bovespa in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
108,487108,488108,489
Details
Intrinsic
Valuation
LowReal ValueHigh
87,87487,875119,337
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Bovespa. Your research has to be compared to or analyzed against Bovespa's peers to derive any actionable benefits. When done correctly, Bovespa's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Bovespa.

Bovespa Backtested Returns

Bovespa secures Sharpe Ratio (or Efficiency) of -0.0448, which signifies that the index had -0.0448% of return per unit of risk over the last 3 months. Macroaxis standpoint towards foreseeing the risk of any index is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Bovespa exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away.
The index shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. Let's try to break down what Bovespa's beta means in this case. the returns on MARKET and Bovespa are completely uncorrelated. Even though it is essential to pay attention to Bovespa historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards foreseeing any index's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Bovespa exposes twenty-eight different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  -0.78  

Almost perfect reverse predictability

Bovespa has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Bovespa time series from 22nd of April 2022 to 7th of May 2022 and 7th of May 2022 to 22nd of May 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Bovespa price movement. The serial correlation of -0.78 indicates that around 78.0% of current Bovespa price fluctuation can be explain by its past prices.
Correlation Coefficient-0.78
Spearman Rank Test-0.82
Residual Average0.0
Price Variance3969373.69

Bovespa lagged returns against current returns

Autocorrelation, which is Bovespa index'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 Bovespa's index expected returns. We can calculate the autocorrelation of Bovespa returns to help us make a trade decision. For example, suppose you find that Bovespa index has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
 Current and Lagged Values 
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      Timeline 

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

Bovespa Lagged Returns

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bovespa without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Check out Bovespa Hype Analysis, Bovespa Correlation, Portfolio Optimization, Bovespa Volatility, as well as analyze Bovespa Alpha and Beta and Bovespa Performance. Note that the Bovespa information on this page should be used as a complementary analysis to other Bovespa's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

Other Tools for Bovespa Index

When running Bovespa price analysis, check to measure Bovespa's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bovespa is operating at the current time. Most of Bovespa's value examination focuses on studying past and present price action to predict the probability of Bovespa's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Bovespa's price. Additionally, you may evaluate how the addition of Bovespa to your portfolios can decrease your overall portfolio volatility.
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