Alliancebernstein National Municipal Fund Market Value
| AFB Fund | USD 11.30 0.08 0.71% |
| Symbol | Alliancebernstein |
Alliancebernstein '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 Alliancebernstein'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 Alliancebernstein.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Alliancebernstein on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Alliancebernstein National Municipal or generate 0.0% return on investment in Alliancebernstein over 30 days. Alliancebernstein is related to or competes with Eaton Vance, Allianzgi Diversified, Ares Dynamic, DWS Municipal, Brookfield Business, Elysee Development, and Blackrock Munivest. AllianceBernstein National Municipal Income Fund, Inc More
Alliancebernstein 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 Alliancebernstein'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 Alliancebernstein National Municipal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 2.88 | |||
| Value At Risk | (0.94) | |||
| Potential Upside | 0.8969 |
Alliancebernstein Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alliancebernstein's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alliancebernstein's standard deviation. In reality, there are many statistical measures that can use Alliancebernstein historical prices to predict the future Alliancebernstein's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | 0.3142 |
Alliancebernstein Backtested Returns
At this point, Alliancebernstein is very steady. Alliancebernstein secures Sharpe Ratio (or Efficiency) of 0.0076, which signifies that the fund had a 0.0076% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Alliancebernstein National Municipal, which you can use to evaluate the volatility of the entity. Please confirm Alliancebernstein's Standard Deviation of 0.6001, mean deviation of 0.466, and Risk Adjusted Performance of (0.02) to double-check if the risk estimate we provide is consistent with the expected return of 0.0047%. The fund shows a Beta (market volatility) of -0.0647, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Alliancebernstein are expected to decrease at a much lower rate. During the bear market, Alliancebernstein is likely to outperform the market.
Auto-correlation | -0.24 |
Weak reverse predictability
Alliancebernstein National Municipal has weak reverse predictability. Overlapping area represents the amount of predictability between Alliancebernstein time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Alliancebernstein price movement. The serial correlation of -0.24 indicates that over 24.0% of current Alliancebernstein price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Alliancebernstein lagged returns against current returns
Autocorrelation, which is Alliancebernstein 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 Alliancebernstein's fund expected returns. We can calculate the autocorrelation of Alliancebernstein returns to help us make a trade decision. For example, suppose you find that Alliancebernstein 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 |
Alliancebernstein 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 Alliancebernstein fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alliancebernstein fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alliancebernstein fund over time.
Current vs Lagged Prices |
| Timeline |
Alliancebernstein Lagged Returns
When evaluating Alliancebernstein's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alliancebernstein fund have on its future price. Alliancebernstein 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, Alliancebernstein autocorrelation shows the relationship between Alliancebernstein fund current value and its past values and can show if there is a momentum factor associated with investing in Alliancebernstein National Municipal.
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 Alliancebernstein Fund
Alliancebernstein financial ratios help investors to determine whether Alliancebernstein 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 Alliancebernstein with respect to the benefits of owning Alliancebernstein security.
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