Ab International Value Fund Market Value
| ABICX Fund | USD 14.10 0.07 0.49% |
| Symbol | ABICX |
Ab International '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 Ab International'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 Ab International.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Ab International on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Ab International Value or generate 0.0% return on investment in Ab International over 720 days. Ab International is related to or competes with Aqr Large, Washington Mutual, Fundamental Large, Enhanced, Hartford Moderate, Touchstone Large, and Upright Assets. The fund invests primarily in a diversified portfolio of equity securities of established companies selected from more t... More
Ab International 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 Ab International'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 Ab International Value upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 9.03 | |||
| Value At Risk | (1.38) | |||
| Potential Upside | 1.36 |
Ab International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ab International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ab International's standard deviation. In reality, there are many statistical measures that can use Ab International historical prices to predict the future Ab International's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (1.40) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ab International'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.
Ab International Value Backtested Returns
Ab International Value retains Efficiency (Sharpe Ratio) of -0.14, which signifies that the fund had a -0.14% return per unit of price deviation over the last 3 months. Ab International exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ab International's Variance of 1.45, information ratio of (0.24), and Market Risk Adjusted Performance of (1.39) to double-check the risk estimate we provide. The fund owns a Beta (Systematic Risk) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Ab International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ab International is expected to be smaller as well.
Auto-correlation | 0.37 |
Below average predictability
Ab International Value has below average predictability. Overlapping area represents the amount of predictability between Ab International time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Ab International Value price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Ab International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
Ab International Value lagged returns against current returns
Autocorrelation, which is Ab International 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 Ab International's mutual fund expected returns. We can calculate the autocorrelation of Ab International returns to help us make a trade decision. For example, suppose you find that Ab International 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 |
Ab International 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 Ab International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ab International mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ab International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ab International Lagged Returns
When evaluating Ab International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ab International mutual fund have on its future price. Ab International 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, Ab International autocorrelation shows the relationship between Ab International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ab International Value.
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 ABICX Mutual Fund
Ab International financial ratios help investors to determine whether ABICX 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 ABICX with respect to the benefits of owning Ab International security.
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