Ab Select Equity Fund Market Value
| AUUCX Fund | USD 21.30 0.10 0.47% |
| Symbol | AUUCX |
Ab Select '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 Ab Select'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 Ab Select.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Ab Select on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Ab Select Equity or generate 0.0% return on investment in Ab Select over 30 days. Ab Select is related to or competes with Ab Core, Select Fund, Select Fund, and Amg Renaissance. The fund normally invests at least 80 percent of its net assets in equity securities of U.S More
Ab Select 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 Ab Select'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 Ab Select Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7521 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 3.88 | |||
| Value At Risk | (1.19) | |||
| Potential Upside | 1.09 |
Ab Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ab Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ab Select's standard deviation. In reality, there are many statistical measures that can use Ab Select historical prices to predict the future Ab Select's volatility.| Risk Adjusted Performance | 0.1188 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1253 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ab Select'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.
Ab Select Equity Backtested Returns
At this stage we consider AUUCX Mutual Fund to be very steady. Ab Select Equity retains Efficiency (Sharpe Ratio) of 0.19, which signifies that the fund had a 0.19% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for Ab Select, which you can use to evaluate the volatility of the entity. Please confirm Ab Select's Coefficient Of Variation of 639.84, standard deviation of 0.7146, and Market Risk Adjusted Performance of 0.1353 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. The fund owns a Beta (Systematic Risk) of 0.81, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Ab Select's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ab Select is expected to be smaller as well.
Auto-correlation | 0.88 |
Very good predictability
Ab Select Equity has very good predictability. Overlapping area represents the amount of predictability between Ab Select time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 Ab Select Equity price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Ab Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Ab Select Equity lagged returns against current returns
Autocorrelation, which is Ab Select 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 Ab Select's mutual fund expected returns. We can calculate the autocorrelation of Ab Select returns to help us make a trade decision. For example, suppose you find that Ab Select 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 |
Ab Select 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 Ab Select mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ab Select mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ab Select mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ab Select Lagged Returns
When evaluating Ab Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ab Select mutual fund have on its future price. Ab Select 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, Ab Select autocorrelation shows the relationship between Ab Select mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ab Select Equity.
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 AUUCX Mutual Fund
Ab Select financial ratios help investors to determine whether AUUCX 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 AUUCX with respect to the benefits of owning Ab Select security.
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