Mawer Balanced Fund Market Value
| 0P0000714D | CAD 37.01 0.19 0.52% |
| Symbol | Mawer |
Mawer Balanced '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 Mawer Balanced'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 Mawer Balanced.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Mawer Balanced on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Mawer Balanced or generate 0.0% return on investment in Mawer Balanced over 720 days. Mawer Balanced is related to or competes with RBC Select, TD Comfort, IShares Canadian, PHN Multi, Altagas Cum, and EcoSynthetix. The investment objective of the Mawer Balanced Fund is to achieve above-average long-term returns from income and capita... More
Mawer Balanced 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 Mawer Balanced'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 Mawer Balanced upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2899 | |||
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 1.32 | |||
| Value At Risk | (0.43) | |||
| Potential Upside | 0.5705 |
Mawer Balanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mawer Balanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mawer Balanced's standard deviation. In reality, there are many statistical measures that can use Mawer Balanced historical prices to predict the future Mawer Balanced's volatility.| Risk Adjusted Performance | 0.0399 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.37) | |||
| Treynor Ratio | 0.0868 |
Mawer Balanced Backtested Returns
At this point, Mawer Balanced is very steady. Mawer Balanced has Sharpe Ratio of 0.0743, which conveys that the entity had a 0.0743% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mawer Balanced, which you can use to evaluate the volatility of the fund. Please verify Mawer Balanced's Mean Deviation of 0.268, risk adjusted performance of 0.0399, and Downside Deviation of 0.2899 to check out if the risk estimate we provide is consistent with the expected return of 0.0244%. The fund secures a Beta (Market Risk) of 0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mawer Balanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mawer Balanced is expected to be smaller as well.
Auto-correlation | 0.14 |
Insignificant predictability
Mawer Balanced has insignificant predictability. Overlapping area represents the amount of predictability between Mawer Balanced time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th of November 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 Mawer Balanced price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Mawer Balanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 1.28 |
Mawer Balanced lagged returns against current returns
Autocorrelation, which is Mawer Balanced 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 Mawer Balanced's fund expected returns. We can calculate the autocorrelation of Mawer Balanced returns to help us make a trade decision. For example, suppose you find that Mawer Balanced 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 |
Mawer Balanced 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 Mawer Balanced fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mawer Balanced fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mawer Balanced fund over time.
Current vs Lagged Prices |
| Timeline |
Mawer Balanced Lagged Returns
When evaluating Mawer Balanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mawer Balanced fund have on its future price. Mawer Balanced 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, Mawer Balanced autocorrelation shows the relationship between Mawer Balanced fund current value and its past values and can show if there is a momentum factor associated with investing in Mawer Balanced.
Regressed Prices |
| Timeline |
Pair Trading with Mawer Balanced
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 Mawer Balanced 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 Mawer Balanced will appreciate offsetting losses from the drop in the long position's value.Moving together with Mawer Fund
| 0.79 | 0P0000706A | RBC Select Balanced | PairCorr |
| 0.91 | 0P0001FAU8 | TD Comfort Balanced | PairCorr |
The ability to find closely correlated positions to Mawer Balanced could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mawer Balanced 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 Mawer Balanced - 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 Mawer Balanced to buy it.
The correlation of Mawer Balanced 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 Mawer Balanced moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mawer Balanced 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 Mawer Balanced 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 Mawer Fund
Mawer Balanced financial ratios help investors to determine whether Mawer 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 Mawer with respect to the benefits of owning Mawer Balanced security.
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation |