ACTIREN B (Mexico) Market Value
| ACTIRENB | 10.16 0.00 0.00% |
| Symbol | ACTIREN |
ACTIREN B '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 ACTIREN B'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 ACTIREN B.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in ACTIREN B on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding ACTIREN B or generate 0.0% return on investment in ACTIREN B over 30 days.
ACTIREN B 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 ACTIREN B'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 ACTIREN B upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (1.02) | |||
| Maximum Drawdown | 0.1 | |||
| Potential Upside | 0.0997 |
ACTIREN B Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ACTIREN B's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ACTIREN B's standard deviation. In reality, there are many statistical measures that can use ACTIREN B historical prices to predict the future ACTIREN B's volatility.| Risk Adjusted Performance | 0.2478 | |||
| Jensen Alpha | 0.0142 | |||
| Total Risk Alpha | 0.0106 | |||
| Treynor Ratio | (4.69) |
ACTIREN B Backtested Returns
As of now, ACTIREN Fund is very steady. ACTIREN B secures Sharpe Ratio (or Efficiency) of 0.55, which signifies that the fund had a 0.55% return per unit of risk over the last 3 months. We have found seventeen technical indicators for ACTIREN B, which you can use to evaluate the volatility of the entity. Please confirm ACTIREN B's Variance of 0.0018, mean deviation of 0.0365, and Coefficient Of Variation of 178.13 to double-check if the risk estimate we provide is consistent with the expected return of 0.0231%. The entity shows a Beta (market volatility) of -0.003, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ACTIREN B are expected to decrease at a much lower rate. During the bear market, ACTIREN B is likely to outperform the market.
Auto-correlation | 0.87 |
Very good predictability
ACTIREN B has very good predictability. Overlapping area represents the amount of predictability between ACTIREN B time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 ACTIREN B price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current ACTIREN B price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ACTIREN B lagged returns against current returns
Autocorrelation, which is ACTIREN B 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 ACTIREN B's fund expected returns. We can calculate the autocorrelation of ACTIREN B returns to help us make a trade decision. For example, suppose you find that ACTIREN B 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 |
ACTIREN B 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 ACTIREN B fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ACTIREN B fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ACTIREN B fund over time.
Current vs Lagged Prices |
| Timeline |
ACTIREN B Lagged Returns
When evaluating ACTIREN B's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ACTIREN B fund have on its future price. ACTIREN B 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, ACTIREN B autocorrelation shows the relationship between ACTIREN B fund current value and its past values and can show if there is a momentum factor associated with investing in ACTIREN B.
Regressed Prices |
| Timeline |
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