Ab California Portfolio Fund Market Value
| ALCAX Fund | USD 10.67 0.02 0.19% |
| Symbol | ALCAX |
Ab California '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 California'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 California.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in Ab California on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding Ab California Portfolio or generate 0.0% return on investment in Ab California over 510 days. Ab California is related to or competes with Atac Inflation, Aqr Managed, Federated Hermes, Schwab Treasury, and Guidepath Managed. The fund invests principally in high-yielding, predominantly investment grade municipal securities More
Ab California 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 California'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 California Portfolio upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.308 | |||
| Information Ratio | (0.52) | |||
| Maximum Drawdown | 1.32 | |||
| Value At Risk | (0.28) | |||
| Potential Upside | 0.2868 |
Ab California Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ab California's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ab California's standard deviation. In reality, there are many statistical measures that can use Ab California historical prices to predict the future Ab California's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.40) | |||
| Treynor Ratio | (0.33) |
Ab California Portfolio Backtested Returns
At this stage we consider ALCAX Mutual Fund to be very steady. Ab California Portfolio retains Efficiency (Sharpe Ratio) of 0.0074, which signifies that the fund had a 0.0074% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for Ab California, which you can use to evaluate the volatility of the entity. Please confirm Ab California's Market Risk Adjusted Performance of (0.32), coefficient of variation of 13594.87, and Standard Deviation of 0.2356 to double-check if the risk estimate we provide is consistent with the expected return of 0.0017%. The fund owns a Beta (Systematic Risk) of 0.0251, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Ab California's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ab California is expected to be smaller as well.
Auto-correlation | 0.66 |
Good predictability
Ab California Portfolio has good predictability. Overlapping area represents the amount of predictability between Ab California time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th 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 Ab California Portfolio price movement. The serial correlation of 0.66 indicates that around 66.0% of current Ab California price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Ab California Portfolio lagged returns against current returns
Autocorrelation, which is Ab California 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 California's mutual fund expected returns. We can calculate the autocorrelation of Ab California returns to help us make a trade decision. For example, suppose you find that Ab California 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 California 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 California mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ab California 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 California mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ab California Lagged Returns
When evaluating Ab California's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ab California mutual fund have on its future price. Ab California 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 California autocorrelation shows the relationship between Ab California mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ab California Portfolio.
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 ALCAX Mutual Fund
Ab California financial ratios help investors to determine whether ALCAX 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 ALCAX with respect to the benefits of owning Ab California security.
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