Cavanal Hill Funds Fund Market Value
| APHXX Fund | USD 1.00 0.00 0.00% |
| Symbol | Cavanal |
Cavanal Hill '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 Cavanal Hill's money market 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 Cavanal Hill.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Cavanal Hill on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Cavanal Hill Funds or generate 0.0% return on investment in Cavanal Hill over 390 days. Cavanal Hill is related to or competes with Vanguard Total, Vanguard 500, Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Total, and Vanguard 500. Cavanal Hill is entity of United States. It is traded as Fund on NMFQS exchange. More
Cavanal Hill 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 Cavanal Hill's money market 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 Cavanal Hill Funds upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.98) | |||
| Maximum Drawdown | 1.01 |
Cavanal Hill Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cavanal Hill's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cavanal Hill's standard deviation. In reality, there are many statistical measures that can use Cavanal Hill historical prices to predict the future Cavanal Hill's volatility.| Risk Adjusted Performance | 0.0426 | |||
| Jensen Alpha | 0.0072 | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (0.37) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cavanal Hill'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.
Cavanal Hill Funds Backtested Returns
At this stage we consider Cavanal Money Market Fund to be not too volatile. Cavanal Hill Funds secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the fund had a 0.13% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Cavanal Hill Funds, which you can use to evaluate the volatility of the entity. Please confirm Cavanal Hill's Standard Deviation of 0.1243, mean deviation of 0.0301, and Risk Adjusted Performance of 0.0426 to double-check if the risk estimate we provide is consistent with the expected return of 0.016%. The fund shows a Beta (market volatility) of -0.0145, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cavanal Hill are expected to decrease at a much lower rate. During the bear market, Cavanal Hill is likely to outperform the market.
Auto-correlation | -0.07 |
Very weak reverse predictability
Cavanal Hill Funds has very weak reverse predictability. Overlapping area represents the amount of predictability between Cavanal Hill time series from 6th of November 2023 to 19th of May 2024 and 19th of May 2024 to 30th 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 Cavanal Hill Funds price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Cavanal Hill price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | 0.97 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cavanal Hill Funds lagged returns against current returns
Autocorrelation, which is Cavanal Hill money market 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 Cavanal Hill's money market fund expected returns. We can calculate the autocorrelation of Cavanal Hill returns to help us make a trade decision. For example, suppose you find that Cavanal Hill has exhibited high autocorrelation historically, and you observe that the money market 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 |
Cavanal Hill 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 Cavanal Hill money market fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cavanal Hill money market fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cavanal Hill money market fund over time.
Current vs Lagged Prices |
| Timeline |
Cavanal Hill Lagged Returns
When evaluating Cavanal Hill's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cavanal Hill money market fund have on its future price. Cavanal Hill 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, Cavanal Hill autocorrelation shows the relationship between Cavanal Hill money market fund current value and its past values and can show if there is a momentum factor associated with investing in Cavanal Hill Funds.
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 Cavanal Money Market Fund
Cavanal Hill financial ratios help investors to determine whether Cavanal Money Market 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 Cavanal with respect to the benefits of owning Cavanal Hill security.
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