Collegeadvantage 529 Savings Fund Market Value
| BOEAX Fund | USD 47.29 0.02 0.04% |
| Symbol | Collegeadvantage |
Please note, there is a significant difference between Collegeadvantage's value and its price as these two are different measures arrived at by different means. Investors typically determine if Collegeadvantage is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Collegeadvantage's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Collegeadvantage '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 Collegeadvantage'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 Collegeadvantage.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Collegeadvantage on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Collegeadvantage 529 Savings or generate 0.0% return on investment in Collegeadvantage over 30 days. Collegeadvantage is related to or competes with Pgim Jennison, Towpath Technology, Allianzgi Technology, Biotechnology Ultrasector, Janus Global, Ivy Science, and Dreyfus Technology. Collegeadvantage is entity of United States More
Collegeadvantage 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 Collegeadvantage'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 Collegeadvantage 529 Savings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5414 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 3.36 | |||
| Value At Risk | (0.83) | |||
| Potential Upside | 0.9675 |
Collegeadvantage Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Collegeadvantage's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Collegeadvantage's standard deviation. In reality, there are many statistical measures that can use Collegeadvantage historical prices to predict the future Collegeadvantage's volatility.| Risk Adjusted Performance | 0.0589 | |||
| Jensen Alpha | 0.0309 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | 0.6715 |
Collegeadvantage 529 Backtested Returns
At this stage we consider Collegeadvantage Mutual Fund to be very steady. Collegeadvantage 529 secures Sharpe Ratio (or Efficiency) of 0.0908, which signifies that the fund had a 0.0908% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Collegeadvantage 529 Savings, which you can use to evaluate the volatility of the entity. Please confirm Collegeadvantage's Risk Adjusted Performance of 0.0589, mean deviation of 0.3892, and Downside Deviation of 0.5414 to double-check if the risk estimate we provide is consistent with the expected return of 0.054%. The fund shows a Beta (market volatility) of 0.0554, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Collegeadvantage's returns are expected to increase less than the market. However, during the bear market, the loss of holding Collegeadvantage is expected to be smaller as well.
Auto-correlation | 0.30 |
Below average predictability
Collegeadvantage 529 Savings has below average predictability. Overlapping area represents the amount of predictability between Collegeadvantage time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 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 Collegeadvantage 529 price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Collegeadvantage price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Collegeadvantage 529 lagged returns against current returns
Autocorrelation, which is Collegeadvantage 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 Collegeadvantage's mutual fund expected returns. We can calculate the autocorrelation of Collegeadvantage returns to help us make a trade decision. For example, suppose you find that Collegeadvantage 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 |
Collegeadvantage 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 Collegeadvantage mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Collegeadvantage mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Collegeadvantage mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Collegeadvantage Lagged Returns
When evaluating Collegeadvantage's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Collegeadvantage mutual fund have on its future price. Collegeadvantage 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, Collegeadvantage autocorrelation shows the relationship between Collegeadvantage mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Collegeadvantage 529 Savings.
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 Collegeadvantage Mutual Fund
Collegeadvantage financial ratios help investors to determine whether Collegeadvantage 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 Collegeadvantage with respect to the benefits of owning Collegeadvantage security.
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