Ab Virginia Portfolio Fund Market Value
| AVAYX Fund | USD 10.60 0.01 0.09% |
| Symbol | AVAYX |
Ab Virginia '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 Virginia'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 Virginia.
| 06/12/2023 |
| 12/03/2024 |
If you would invest 0.00 in Ab Virginia on June 12, 2023 and sell it all today you would earn a total of 0.00 from holding Ab Virginia Portfolio or generate 0.0% return on investment in Ab Virginia over 540 days. Ab Virginia is related to or competes with Ab Global, Siit High, Gmo High, Western Asset, Needham Aggressive, and Pioneer High. The fund invests at least 80 percent of its net assets in municipal securities that pay interest that is exempt from fed... More
Ab Virginia 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 Virginia'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 Virginia Portfolio upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3319 | |||
| Information Ratio | (0.47) | |||
| Maximum Drawdown | 1.24 | |||
| Value At Risk | (0.38) | |||
| Potential Upside | 0.2879 |
Ab Virginia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ab Virginia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ab Virginia's standard deviation. In reality, there are many statistical measures that can use Ab Virginia historical prices to predict the future Ab Virginia's volatility.| Risk Adjusted Performance | 0.0351 | |||
| Jensen Alpha | 0.0177 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.32) | |||
| Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ab Virginia'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 Virginia Portfolio Backtested Returns
At this stage we consider AVAYX Mutual Fund to be very steady. Ab Virginia Portfolio retains Efficiency (Sharpe Ratio) of 0.0466, which signifies that the fund had a 0.0466% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for Ab Virginia, which you can use to evaluate the volatility of the entity. Please confirm Ab Virginia's Coefficient Of Variation of 1308.19, market risk adjusted performance of (0.07), and Standard Deviation of 0.2291 to double-check if the risk estimate we provide is consistent with the expected return of 0.0108%. The fund owns a Beta (Systematic Risk) of -0.089, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ab Virginia are expected to decrease at a much lower rate. During the bear market, Ab Virginia is likely to outperform the market.
Auto-correlation | 0.48 |
Average predictability
Ab Virginia Portfolio has average predictability. Overlapping area represents the amount of predictability between Ab Virginia time series from 12th of June 2023 to 8th of March 2024 and 8th of March 2024 to 3rd of December 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 Virginia Portfolio price movement. The serial correlation of 0.48 indicates that about 48.0% of current Ab Virginia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Ab Virginia Portfolio lagged returns against current returns
Autocorrelation, which is Ab Virginia 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 Virginia's mutual fund expected returns. We can calculate the autocorrelation of Ab Virginia returns to help us make a trade decision. For example, suppose you find that Ab Virginia 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 Virginia 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 Virginia mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ab Virginia 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 Virginia mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ab Virginia Lagged Returns
When evaluating Ab Virginia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ab Virginia mutual fund have on its future price. Ab Virginia 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 Virginia autocorrelation shows the relationship between Ab Virginia mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ab Virginia Portfolio.
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 AVAYX Mutual Fund
Ab Virginia financial ratios help investors to determine whether AVAYX 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 AVAYX with respect to the benefits of owning Ab Virginia security.
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