Amana Participation Fund Market Value
| AMIPX Fund | USD 9.80 0.00 0.00% |
| Symbol | Amana |
Amana Participation '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 Participation'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 Participation.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Amana Participation on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Amana Participation Fund or generate 0.0% return on investment in Amana Participation over 30 days. Amana Participation is related to or competes with Amana Developing, Amana Growth, Amana Developing, Amana Income, Amana Income, Amana Participation, and Amana Growth. Under normal conditions, the fund invests at least 80 percent of its total net assets in short and intermediate-term Isl... More
Amana Participation 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 Participation'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 Participation Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1609 | |||
| Information Ratio | (0.95) | |||
| Maximum Drawdown | 0.6091 | |||
| Value At Risk | (0.20) | |||
| Potential Upside | 0.2047 |
Amana Participation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amana Participation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amana Participation's standard deviation. In reality, there are many statistical measures that can use Amana Participation historical prices to predict the future Amana Participation's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.66) | |||
| Treynor Ratio | 1.56 |
Amana Participation Backtested Returns
At this stage we consider Amana Mutual Fund to be very steady. Amana Participation secures Sharpe Ratio (or Efficiency) of 5.0E-4, which signifies that the fund had a 5.0E-4% return per unit of standard deviation over the last 3 months. We have found twenty-four technical indicators for Amana Participation Fund, which you can use to evaluate the volatility of the entity. Please confirm Amana Participation's mean deviation of 0.0759, and Risk Adjusted Performance of (0.01) to double-check if the risk estimate we provide is consistent with the expected return of 1.0E-4%. The fund shows a Beta (market volatility) of -0.0014, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Amana Participation are expected to decrease at a much lower rate. During the bear market, Amana Participation is likely to outperform the market.
Auto-correlation | -0.22 |
Weak reverse predictability
Amana Participation Fund has weak reverse predictability. Overlapping area represents the amount of predictability between Amana Participation time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Participation price movement. The serial correlation of -0.22 indicates that over 22.0% of current Amana Participation price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Amana Participation lagged returns against current returns
Autocorrelation, which is Amana Participation 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 Participation's mutual fund expected returns. We can calculate the autocorrelation of Amana Participation returns to help us make a trade decision. For example, suppose you find that Amana Participation 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 Participation 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 Participation mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amana Participation 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 Participation mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Amana Participation Lagged Returns
When evaluating Amana Participation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amana Participation mutual fund have on its future price. Amana Participation 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 Participation autocorrelation shows the relationship between Amana Participation mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Amana Participation 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 Participation 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 Participation security.
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