Limited Duration Fund Market Value
| AASTX Fund | USD 9.26 0.03 0.33% |
| Symbol | Limited |
Limited Duration '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 Limited Duration's mutual 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 Limited Duration.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Limited Duration on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Limited Duration Fund or generate 0.0% return on investment in Limited Duration over 510 days. Limited Duration is related to or competes with Bond Fund, Strategic Enhanced, Cavanal Hill, World Energy, Strategic Enhanced, Aston/herndon Large, and Cavanal Hill. The fund invests primarily in debt obligations such as bonds, notes and debentures, and bills issued by U.S More
Limited Duration 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 Limited Duration's mutual 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 Limited Duration Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1728 | |||
| Information Ratio | (0.94) | |||
| Maximum Drawdown | 0.753 | |||
| Value At Risk | (0.22) | |||
| Potential Upside | 0.2151 |
Limited Duration Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Limited Duration's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Limited Duration's standard deviation. In reality, there are many statistical measures that can use Limited Duration historical prices to predict the future Limited Duration's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.72) | |||
| Treynor Ratio | 0.3622 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Limited Duration'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.
Limited Duration Backtested Returns
At this stage we consider Limited Mutual Fund to be very steady. Limited Duration has Sharpe Ratio of 0.0386, which conveys that the entity had a 0.0386% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Limited Duration, which you can use to evaluate the volatility of the fund. Please verify Limited Duration's Risk Adjusted Performance of (0.02), mean deviation of 0.0946, and Downside Deviation of 0.1728 to check out if the risk estimate we provide is consistent with the expected return of 0.0052%. The fund secures a Beta (Market Risk) of -0.0138, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Limited Duration are expected to decrease at a much lower rate. During the bear market, Limited Duration is likely to outperform the market.
Auto-correlation | 0.88 |
Very good predictability
Limited Duration Fund has very good predictability. Overlapping area represents the amount of predictability between Limited Duration time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Limited Duration price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Limited Duration price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Limited Duration lagged returns against current returns
Autocorrelation, which is Limited Duration mutual 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 Limited Duration's mutual fund expected returns. We can calculate the autocorrelation of Limited Duration returns to help us make a trade decision. For example, suppose you find that Limited Duration has exhibited high autocorrelation historically, and you observe that the mutual 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 |
Limited Duration 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 Limited Duration mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Limited Duration mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Limited Duration mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Limited Duration Lagged Returns
When evaluating Limited Duration's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Limited Duration mutual fund have on its future price. Limited Duration 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, Limited Duration autocorrelation shows the relationship between Limited Duration mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Limited Duration Fund.
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.Other Information on Investing in Limited Mutual Fund
Limited Duration financial ratios help investors to determine whether Limited Mutual 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 Limited with respect to the benefits of owning Limited Duration security.
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