Amana Developing World Fund Market Value
| AMDWX Fund | USD 13.52 0.03 0.22% |
| Symbol | Amana |
Amana Developing '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 Amana Developing'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 Amana Developing.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Amana Developing on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Amana Developing World or generate 0.0% return on investment in Amana Developing over 720 days. Amana Developing is related to or competes with Amana Income, Amana Growth, Amana Participation, Azzad Ethical, and Iman Fund. The fund invests at least 80 percent of total net assets in common stocks of companies with significant exposure to coun... More
Amana Developing 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 Amana Developing'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 Amana Developing World upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 3.55 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 1.33 |
Amana Developing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amana Developing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amana Developing's standard deviation. In reality, there are many statistical measures that can use Amana Developing historical prices to predict the future Amana Developing's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.13) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Amana Developing's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Amana Developing World Backtested Returns
Amana Developing World secures Sharpe Ratio (or Efficiency) of -0.0248, which signifies that the fund had a -0.0248% return per unit of standard deviation over the last 3 months. Amana Developing World exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Amana Developing's risk adjusted performance of (0.05), and Mean Deviation of 0.6042 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.49, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Amana Developing's returns are expected to increase less than the market. However, during the bear market, the loss of holding Amana Developing is expected to be smaller as well.
Auto-correlation | 0.31 |
Below average predictability
Amana Developing World has below average predictability. Overlapping area represents the amount of predictability between Amana Developing time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Amana Developing World price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Amana Developing price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
Amana Developing World lagged returns against current returns
Autocorrelation, which is Amana Developing 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 Amana Developing's mutual fund expected returns. We can calculate the autocorrelation of Amana Developing returns to help us make a trade decision. For example, suppose you find that Amana Developing 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 |
Amana Developing 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 Amana Developing mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amana Developing mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amana Developing mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Amana Developing Lagged Returns
When evaluating Amana Developing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amana Developing mutual fund have on its future price. Amana Developing 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, Amana Developing autocorrelation shows the relationship between Amana Developing mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Amana Developing World.
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 Amana Mutual Fund
Amana Developing financial ratios help investors to determine whether Amana 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 Amana with respect to the benefits of owning Amana Developing security.
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