Ares Dynamic Credit Fund Market Value
| ARDC Fund | USD 15.25 0.02 0.13% |
| Symbol | Ares |
Ares Dynamic '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 Ares Dynamic's 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 Ares Dynamic.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Ares Dynamic on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Ares Dynamic Credit or generate 0.0% return on investment in Ares Dynamic over 30 days. Ares Dynamic is related to or competes with Eaton Vance, NXG NextGen, GAMCO Natural, MFS Investment, Eaton Vance, Calamos LongShort, and Eaton Vance. Ares Dynamic Credit Allocation Fund, Inc More
Ares Dynamic 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 Ares Dynamic's 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 Ares Dynamic Credit upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5679 | |||
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 2.49 | |||
| Value At Risk | (0.94) | |||
| Potential Upside | 1.08 |
Ares Dynamic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ares Dynamic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ares Dynamic's standard deviation. In reality, there are many statistical measures that can use Ares Dynamic historical prices to predict the future Ares Dynamic's volatility.| Risk Adjusted Performance | 0.0503 | |||
| Jensen Alpha | 0.0169 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.16) | |||
| Treynor Ratio | 0.2949 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ares Dynamic'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.
Ares Dynamic Credit Backtested Returns
At this point, Ares Dynamic is very steady. Ares Dynamic Credit secures Sharpe Ratio (or Efficiency) of 0.0576, which signifies that the fund had a 0.0576% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Ares Dynamic Credit, which you can use to evaluate the volatility of the entity. Please confirm Ares Dynamic's mean deviation of 0.4134, and Risk Adjusted Performance of 0.0503 to double-check if the risk estimate we provide is consistent with the expected return of 0.0297%. The fund shows a Beta (market volatility) of 0.0971, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Ares Dynamic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ares Dynamic is expected to be smaller as well.
Auto-correlation | -0.22 |
Weak reverse predictability
Ares Dynamic Credit has weak reverse predictability. Overlapping area represents the amount of predictability between Ares Dynamic time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Ares Dynamic Credit price movement. The serial correlation of -0.22 indicates that over 22.0% of current Ares Dynamic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Ares Dynamic Credit lagged returns against current returns
Autocorrelation, which is Ares Dynamic 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 Ares Dynamic's fund expected returns. We can calculate the autocorrelation of Ares Dynamic returns to help us make a trade decision. For example, suppose you find that Ares Dynamic has exhibited high autocorrelation historically, and you observe that the 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 |
Ares Dynamic 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 Ares Dynamic fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ares Dynamic fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ares Dynamic fund over time.
Current vs Lagged Prices |
| Timeline |
Ares Dynamic Lagged Returns
When evaluating Ares Dynamic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ares Dynamic fund have on its future price. Ares Dynamic 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, Ares Dynamic autocorrelation shows the relationship between Ares Dynamic fund current value and its past values and can show if there is a momentum factor associated with investing in Ares Dynamic Credit.
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 Ares Fund
Ares Dynamic financial ratios help investors to determine whether Ares 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 Ares with respect to the benefits of owning Ares Dynamic security.
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