Frique World Dividend Fund Market Value
| 0P000071HC | 18.07 0.13 0.72% |
| Symbol | FRIQUE |
FRIQUE World '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 FRIQUE World'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 FRIQUE World.
| 06/18/2024 |
| 01/09/2026 |
If you would invest 0.00 in FRIQUE World on June 18, 2024 and sell it all today you would earn a total of 0.00 from holding FRIQUE World Dividend or generate 0.0% return on investment in FRIQUE World over 570 days.
FRIQUE World 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 FRIQUE World'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 FRIQUE World Dividend upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.671 | |||
| Information Ratio | 0.0303 | |||
| Maximum Drawdown | 2.99 | |||
| Value At Risk | (1.03) | |||
| Potential Upside | 1.14 |
FRIQUE World Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FRIQUE World's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FRIQUE World's standard deviation. In reality, there are many statistical measures that can use FRIQUE World historical prices to predict the future FRIQUE World's volatility.| Risk Adjusted Performance | 0.1136 | |||
| Jensen Alpha | 0.0922 | |||
| Total Risk Alpha | 0.027 | |||
| Sortino Ratio | 0.0306 | |||
| Treynor Ratio | 3.09 |
FRIQUE World Dividend Backtested Returns
At this point, FRIQUE World is very steady. FRIQUE World Dividend secures Sharpe Ratio (or Efficiency) of 0.2, which denotes the fund had a 0.2 % return per unit of return volatility over the last 3 months. We have found twenty-eight technical indicators for FRIQUE World Dividend, which you can use to evaluate the volatility of the entity. Please confirm FRIQUE World's downside deviation of 0.671, and Mean Deviation of 0.5106 to check if the risk estimate we provide is consistent with the expected return of 0.12%. The fund shows a Beta (market volatility) of 0.0306, which means not very significant fluctuations relative to the market. As returns on the market increase, FRIQUE World's returns are expected to increase less than the market. However, during the bear market, the loss of holding FRIQUE World is expected to be smaller as well.
Auto-correlation | 0.90 |
Excellent predictability
FRIQUE World Dividend has excellent predictability. Overlapping area represents the amount of predictability between FRIQUE World time series from 18th of June 2024 to 30th of March 2025 and 30th of March 2025 to 9th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of FRIQUE World Dividend price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current FRIQUE World price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.92 | |
| Residual Average | 0.0 | |
| Price Variance | 0.85 |
FRIQUE World Dividend lagged returns against current returns
Autocorrelation, which is FRIQUE World 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 FRIQUE World's fund expected returns. We can calculate the autocorrelation of FRIQUE World returns to help us make a trade decision. For example, suppose you find that FRIQUE World 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 |
FRIQUE World 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 FRIQUE World fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FRIQUE World fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FRIQUE World fund over time.
Current vs Lagged Prices |
| Timeline |
FRIQUE World Lagged Returns
When evaluating FRIQUE World's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FRIQUE World fund have on its future price. FRIQUE World 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, FRIQUE World autocorrelation shows the relationship between FRIQUE World fund current value and its past values and can show if there is a momentum factor associated with investing in FRIQUE World Dividend.
Regressed Prices |
| Timeline |
Pair Trading with FRIQUE World
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 FRIQUE World 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 FRIQUE World will appreciate offsetting losses from the drop in the long position's value.Moving together with FRIQUE Fund
| 0.71 | 0P0000706A | RBC Select Balanced | PairCorr |
| 0.88 | 0P0000S9O7 | PIMCO Monthly Income | PairCorr |
| 0.86 | 0P0000S9O5 | PIMCO Monthly Income | PairCorr |
| 0.92 | 0P000072KJ | RBC Canadian Dividend | PairCorr |
| 0.75 | 0P00007069 | RBC Portefeuille | PairCorr |
The ability to find closely correlated positions to FRIQUE World could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FRIQUE World 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 FRIQUE World - 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 FRIQUE World Dividend to buy it.
The correlation of FRIQUE World 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 FRIQUE World moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FRIQUE World Dividend 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 FRIQUE World 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.| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Fundamental Analysis View fundamental data based on most recent published financial statements |