Amana Income Fund Market Value
| AMINX Fund | USD 69.46 0.43 0.62% |
| Symbol | Amana |
Amana Income '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 Income'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 Income.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Amana Income on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Amana Income Fund or generate 0.0% return on investment in Amana Income over 720 days. Amana Income is related to or competes with Amana Growth, Amana Developing, Amana Developing, Amana Income, and Amana Participation. The fund normally invests at least 80 percent of its total net assets in income-producing securities, primarily dividend... More
Amana Income 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 Income'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 Income Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7468 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 2.8 | |||
| Value At Risk | (1.19) | |||
| Potential Upside | 1.16 |
Amana Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amana Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amana Income's standard deviation. In reality, there are many statistical measures that can use Amana Income historical prices to predict the future Amana Income's volatility.| Risk Adjusted Performance | 0.0291 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.13) | |||
| Treynor Ratio | 0.0263 |
Amana Income Backtested Returns
At this stage we consider Amana Mutual Fund to be very steady. Amana Income secures Sharpe Ratio (or Efficiency) of 0.0587, which signifies that the fund had a 0.0587% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Amana Income Fund, which you can use to evaluate the volatility of the entity. Please confirm Amana Income's risk adjusted performance of 0.0291, and Mean Deviation of 0.569 to double-check if the risk estimate we provide is consistent with the expected return of 0.0383%. The fund shows a Beta (market volatility) of 0.65, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Amana Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Amana Income is expected to be smaller as well.
Auto-correlation | 0.69 |
Good predictability
Amana Income Fund has good predictability. Overlapping area represents the amount of predictability between Amana Income time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 Income price movement. The serial correlation of 0.69 indicates that around 69.0% of current Amana Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 11.06 |
Amana Income lagged returns against current returns
Autocorrelation, which is Amana Income 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 Income's mutual fund expected returns. We can calculate the autocorrelation of Amana Income returns to help us make a trade decision. For example, suppose you find that Amana Income 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 Income 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 Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amana Income 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 Income mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Amana Income Lagged Returns
When evaluating Amana Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amana Income mutual fund have on its future price. Amana Income 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 Income autocorrelation shows the relationship between Amana Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Amana Income Fund.
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 Income 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 Income security.
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