Strategic Income Fund Market Value
| ASIEX Fund | USD 8.96 0.02 0.22% |
| Symbol | Strategic |
Strategic 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 Strategic 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 Strategic Income.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Strategic Income on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Strategic Income Fund or generate 0.0% return on investment in Strategic Income over 540 days. Strategic Income is related to or competes with Short Duration, Short Duration, High-yield Municipal, Emerging Markets, and Core Plus. The fund invests in both investment-grade and high-yield, non-money market debt securities More
Strategic 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 Strategic 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 Strategic Income Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2285 | |||
| Information Ratio | (0.60) | |||
| Maximum Drawdown | 0.9987 | |||
| Value At Risk | (0.34) | |||
| Potential Upside | 0.2247 |
Strategic Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Strategic Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Strategic Income's standard deviation. In reality, there are many statistical measures that can use Strategic Income historical prices to predict the future Strategic Income's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.54) | |||
| Treynor Ratio | 3.52 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Strategic Income'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.
Strategic Income Backtested Returns
Strategic Income owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0253, which indicates the fund had a -0.0253% return per unit of risk over the last 3 months. Strategic Income Fund exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Strategic Income's Semi Deviation of 0.1752, coefficient of variation of 10811.86, and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The entity has a beta of -0.0023, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Strategic Income are expected to decrease at a much lower rate. During the bear market, Strategic Income is likely to outperform the market.
Auto-correlation | 0.70 |
Good predictability
Strategic Income Fund has good predictability. Overlapping area represents the amount of predictability between Strategic Income time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Strategic Income price movement. The serial correlation of 0.7 indicates that around 70.0% of current Strategic Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Strategic Income lagged returns against current returns
Autocorrelation, which is Strategic 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 Strategic Income's mutual fund expected returns. We can calculate the autocorrelation of Strategic Income returns to help us make a trade decision. For example, suppose you find that Strategic 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 |
Strategic 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 Strategic Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Strategic 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 Strategic Income mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Strategic Income Lagged Returns
When evaluating Strategic Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Strategic Income mutual fund have on its future price. Strategic 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, Strategic Income autocorrelation shows the relationship between Strategic Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Strategic 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 Strategic Mutual Fund
Strategic Income financial ratios help investors to determine whether Strategic 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 Strategic with respect to the benefits of owning Strategic Income security.
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