Assetmix (South Africa) Market Value
| 0P00016ST7 | 1.61 0.01 0.62% |
| Symbol | Assetmix |
Assetmix '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 Assetmix'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 Assetmix.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Assetmix on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Assetmix Ci Balanced or generate 0.0% return on investment in Assetmix over 30 days.
Assetmix 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 Assetmix'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 Assetmix Ci Balanced upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6636 | |||
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 1.89 | |||
| Value At Risk | (0.64) | |||
| Potential Upside | 0.6452 |
Assetmix Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Assetmix's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Assetmix's standard deviation. In reality, there are many statistical measures that can use Assetmix historical prices to predict the future Assetmix's volatility.| Risk Adjusted Performance | 0.1167 | |||
| Jensen Alpha | 0.0459 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | 0.6022 |
Assetmix Ci Balanced Backtested Returns
At this point, Assetmix is somewhat reliable. Assetmix Ci Balanced secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the fund had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Assetmix Ci Balanced, which you can use to evaluate the volatility of the entity. Please confirm Assetmix's Downside Deviation of 0.6636, risk adjusted performance of 0.1167, and Mean Deviation of 0.2941 to double-check if the risk estimate we provide is consistent with the expected return of 0.051%. The fund shows a Beta (market volatility) of 0.0967, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Assetmix's returns are expected to increase less than the market. However, during the bear market, the loss of holding Assetmix is expected to be smaller as well.
Auto-correlation | 0.87 |
Very good predictability
Assetmix Ci Balanced has very good predictability. Overlapping area represents the amount of predictability between Assetmix time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Assetmix Ci Balanced price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Assetmix price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Assetmix Ci Balanced lagged returns against current returns
Autocorrelation, which is Assetmix 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 Assetmix's fund expected returns. We can calculate the autocorrelation of Assetmix returns to help us make a trade decision. For example, suppose you find that Assetmix 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 |
Assetmix 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 Assetmix fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Assetmix fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Assetmix fund over time.
Current vs Lagged Prices |
| Timeline |
Assetmix Lagged Returns
When evaluating Assetmix's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Assetmix fund have on its future price. Assetmix 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, Assetmix autocorrelation shows the relationship between Assetmix fund current value and its past values and can show if there is a momentum factor associated with investing in Assetmix Ci Balanced.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. |