Braddock Multi Strategy Income Fund Market Value
| BDKCX Fund | USD 6.59 0.02 0.30% |
| Symbol | Braddock |
Braddock Multi-strategy '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 Braddock Multi-strategy'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 Braddock Multi-strategy.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Braddock Multi-strategy on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Braddock Multi Strategy Income or generate 0.0% return on investment in Braddock Multi-strategy over 30 days. Braddock Multi-strategy is related to or competes with Gamco Global, Fidelity Sai, Advent Claymore, Harbor Convertible, Rational/pier, and Calamos Dynamic. Under normal market conditions, the fund will pursue its investment strategy by investing primarily in asset-backed debt... More
Braddock Multi-strategy 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 Braddock Multi-strategy'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 Braddock Multi Strategy Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2069 | |||
| Information Ratio | (0.74) | |||
| Maximum Drawdown | 0.7571 | |||
| Value At Risk | (0.30) | |||
| Potential Upside | 0.1524 |
Braddock Multi-strategy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Braddock Multi-strategy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Braddock Multi-strategy's standard deviation. In reality, there are many statistical measures that can use Braddock Multi-strategy historical prices to predict the future Braddock Multi-strategy's volatility.| Risk Adjusted Performance | 0.0211 | |||
| Jensen Alpha | 0.0032 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.55) | |||
| Treynor Ratio | (0.27) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Braddock Multi-strategy'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.
Braddock Multi Strategy Backtested Returns
At this stage we consider Braddock Mutual Fund to be very steady. Braddock Multi Strategy secures Sharpe Ratio (or Efficiency) of 0.0801, which signifies that the fund had a 0.0801% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Braddock Multi Strategy Income, which you can use to evaluate the volatility of the entity. Please confirm Braddock Multi-strategy's mean deviation of 0.1125, and Risk Adjusted Performance of 0.0211 to double-check if the risk estimate we provide is consistent with the expected return of 0.0122%. The fund shows a Beta (market volatility) of -0.0082, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Braddock Multi-strategy are expected to decrease at a much lower rate. During the bear market, Braddock Multi-strategy is likely to outperform the market.
Auto-correlation | 0.86 |
Very good predictability
Braddock Multi Strategy Income has very good predictability. Overlapping area represents the amount of predictability between Braddock Multi-strategy time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 Braddock Multi Strategy price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Braddock Multi-strategy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Braddock Multi Strategy lagged returns against current returns
Autocorrelation, which is Braddock Multi-strategy 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 Braddock Multi-strategy's mutual fund expected returns. We can calculate the autocorrelation of Braddock Multi-strategy returns to help us make a trade decision. For example, suppose you find that Braddock Multi-strategy 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 |
Braddock Multi-strategy 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 Braddock Multi-strategy mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Braddock Multi-strategy mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Braddock Multi-strategy mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Braddock Multi-strategy Lagged Returns
When evaluating Braddock Multi-strategy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Braddock Multi-strategy mutual fund have on its future price. Braddock Multi-strategy 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, Braddock Multi-strategy autocorrelation shows the relationship between Braddock Multi-strategy mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Braddock Multi Strategy Income.
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 Braddock Mutual Fund
Braddock Multi-strategy financial ratios help investors to determine whether Braddock 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 Braddock with respect to the benefits of owning Braddock Multi-strategy security.
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