Ab High Income Fund Market Value
| AGDZX Fund | USD 7.07 0.01 0.14% |
| Symbol | AGDZX |
Ab High '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 High'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 High.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Ab High on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Ab High Income or generate 0.0% return on investment in Ab High over 390 days. Ab High is related to or competes with Qs Us, Legg Mason, Dunham Large, and Touchstone Large. The fund pursues income opportunities from government, corporate, emerging market and high-yield sources More
Ab High 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 High'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 High Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1894 | |||
| Information Ratio | (0.59) | |||
| Maximum Drawdown | 1.01 | |||
| Value At Risk | (0.14) | |||
| Potential Upside | 0.2857 |
Ab High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ab High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ab High's standard deviation. In reality, there are many statistical measures that can use Ab High historical prices to predict the future Ab High's volatility.| Risk Adjusted Performance | 0.1322 | |||
| Jensen Alpha | 0.0205 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.53) | |||
| Treynor Ratio | 0.5258 |
Ab High Income Backtested Returns
At this stage we consider AGDZX Mutual Fund to be very steady. Ab High Income retains Efficiency (Sharpe Ratio) of 0.2, which signifies that the fund had a 0.2% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for Ab High, which you can use to evaluate the volatility of the entity. Please confirm Ab High's Standard Deviation of 0.1691, market risk adjusted performance of 0.5358, and Variance of 0.0286 to double-check if the risk estimate we provide is consistent with the expected return of 0.0291%. The fund owns a Beta (Systematic Risk) of 0.0514, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Ab High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ab High is expected to be smaller as well.
Auto-correlation | 0.89 |
Very good predictability
Ab High Income has very good predictability. Overlapping area represents the amount of predictability between Ab High time series from 6th of November 2023 to 19th of May 2024 and 19th of May 2024 to 30th 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 High Income price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Ab High price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.91 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Ab High Income lagged returns against current returns
Autocorrelation, which is Ab High 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 High's mutual fund expected returns. We can calculate the autocorrelation of Ab High returns to help us make a trade decision. For example, suppose you find that Ab High 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 High 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 High mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ab High 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 High mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ab High Lagged Returns
When evaluating Ab High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ab High mutual fund have on its future price. Ab High 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 High autocorrelation shows the relationship between Ab High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ab High Income.
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 AGDZX Mutual Fund
Ab High financial ratios help investors to determine whether AGDZX 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 AGDZX with respect to the benefits of owning Ab High security.
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