Alpine High Yield Fund Market Value
| AHYMX Fund | USD 9.24 0.01 0.11% |
| Symbol | Alpine |
Alpine 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 Alpine 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 Alpine High.
| 09/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Alpine High on September 25, 2024 and sell it all today you would earn a total of 0.00 from holding Alpine High Yield or generate 0.0% return on investment in Alpine High over 60 days. Alpine High is related to or competes with Aberdeen Emerging, Aberdeen Emerging, Aberdeen Emerging, Aberdeen Gbl, Aberdeen Gbl, Columbia Seligman, and Aberdeen Global. Under normal circumstances, the fund invests at least 80 percent of its net assets in municipal obligations that are exe... More
Alpine 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 Alpine 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 Alpine High Yield upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2994 | |||
| Information Ratio | (0.66) | |||
| Maximum Drawdown | 1.09 | |||
| Value At Risk | (0.22) | |||
| Potential Upside | 0.3264 |
Alpine High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alpine High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alpine High's standard deviation. In reality, there are many statistical measures that can use Alpine High historical prices to predict the future Alpine High's volatility.| Risk Adjusted Performance | 0.0634 | |||
| Jensen Alpha | 0.0175 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.36) | |||
| Treynor Ratio | (0.24) |
Alpine High Yield Backtested Returns
At this stage we consider Alpine Mutual Fund to be very steady. Alpine High Yield secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the fund had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Alpine High Yield, which you can use to evaluate the volatility of the entity. Please confirm Alpine High's Coefficient Of Variation of 771.35, risk adjusted performance of 0.0634, and Mean Deviation of 0.1019 to double-check if the risk estimate we provide is consistent with the expected return of 0.0203%. The fund shows a Beta (market volatility) of -0.049, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Alpine High are expected to decrease at a much lower rate. During the bear market, Alpine High is likely to outperform the market.
Auto-correlation | -0.04 |
Very weak reverse predictability
Alpine High Yield has very weak reverse predictability. Overlapping area represents the amount of predictability between Alpine High time series from 25th of September 2024 to 25th of October 2024 and 25th of October 2024 to 24th 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 Alpine High Yield price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Alpine High price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Alpine High Yield lagged returns against current returns
Autocorrelation, which is Alpine 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 Alpine High's mutual fund expected returns. We can calculate the autocorrelation of Alpine High returns to help us make a trade decision. For example, suppose you find that Alpine 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 |
Alpine 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 Alpine High mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alpine 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 Alpine High mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Alpine High Lagged Returns
When evaluating Alpine High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alpine High mutual fund have on its future price. Alpine 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, Alpine High autocorrelation shows the relationship between Alpine High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Alpine High Yield.
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 Alpine Mutual Fund
Alpine High financial ratios help investors to determine whether Alpine 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 Alpine with respect to the benefits of owning Alpine High security.
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios |