Ab Select Equity Fund Market Value
| AUUIX Fund | USD 23.63 0.13 0.55% |
| Symbol | AUUIX |
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.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Ab Select on December 3, 2022 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 720 days. Ab Select is related to or competes with Nuveen Large, Nuveen Large, HUMANA, SCOR PK, Barloworld, Morningstar Unconstrained, and High-yield Municipal. 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 | 0.7288 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 3.91 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 1.06 |
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 | 0.0944 | |||
| Jensen Alpha | 0.0852 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (1.44) |
Ab Select Equity Backtested Returns
At this stage we consider AUUIX Mutual Fund to be very steady. Ab Select Equity retains Efficiency (Sharpe Ratio) of 0.12, which signifies that the fund had a 0.12% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for Ab Select, which you can use to evaluate the volatility of the entity. Please confirm Ab Select's Market Risk Adjusted Performance of (1.43), standard deviation of 0.7202, and Coefficient Of Variation of 803.12 to double-check if the risk estimate we provide is consistent with the expected return of 0.0854%. The fund owns a Beta (Systematic Risk) of -0.0552, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ab Select are expected to decrease at a much lower rate. During the bear market, Ab Select is likely to outperform the market.
Auto-correlation | 0.77 |
Good predictability
Ab Select Equity has good predictability. Overlapping area represents the amount of predictability between Ab Select time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 0.77 indicates that around 77.0% of current Ab Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 2.52 |
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 AUUIX Mutual Fund
Ab Select financial ratios help investors to determine whether AUUIX 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 AUUIX with respect to the benefits of owning Ab Select security.
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