Boyar Value Fund Market Value
| BOYAX Fund | USD 32.01 0.32 1.01% |
| Symbol | Boyar |
Boyar Value '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 Boyar Value'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 Boyar Value.
| 08/02/2023 |
| 11/24/2024 |
If you would invest 0.00 in Boyar Value on August 2, 2023 and sell it all today you would earn a total of 0.00 from holding Boyar Value Fund or generate 0.0% return on investment in Boyar Value over 480 days. Boyar Value is related to or competes with T Rowe, Construction, Vanguard 500, Duff, Vanguard Total, Resq Dynamic, and Fidelity 500. Under normal market conditions, the fund invests primarily in equity securities that are believed by the Adviser to be i... More
Boyar Value 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 Boyar Value'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 Boyar Value Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.5 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 10.36 | |||
| Value At Risk | (1.44) | |||
| Potential Upside | 1.24 |
Boyar Value Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Boyar Value's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Boyar Value's standard deviation. In reality, there are many statistical measures that can use Boyar Value historical prices to predict the future Boyar Value's volatility.| Risk Adjusted Performance | 0.0275 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0279 |
Boyar Value Fund Backtested Returns
At this stage we consider Boyar Mutual Fund to be very steady. Boyar Value Fund secures Sharpe Ratio (or Efficiency) of 0.0173, which signifies that the fund had a 0.0173% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Boyar Value Fund, which you can use to evaluate the volatility of the entity. Please confirm Boyar Value's Mean Deviation of 0.6844, risk adjusted performance of 0.0275, and Downside Deviation of 1.5 to double-check if the risk estimate we provide is consistent with the expected return of 0.0209%. The fund shows a Beta (market volatility) of 0.98, which signifies possible diversification benefits within a given portfolio. Boyar Value returns are very sensitive to returns on the market. As the market goes up or down, Boyar Value is expected to follow.
Auto-correlation | 0.80 |
Very good predictability
Boyar Value Fund has very good predictability. Overlapping area represents the amount of predictability between Boyar Value time series from 2nd of August 2023 to 29th of March 2024 and 29th of March 2024 to 24th 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 Boyar Value Fund price movement. The serial correlation of 0.8 indicates that around 80.0% of current Boyar Value price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 1.45 |
Boyar Value Fund lagged returns against current returns
Autocorrelation, which is Boyar Value 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 Boyar Value's mutual fund expected returns. We can calculate the autocorrelation of Boyar Value returns to help us make a trade decision. For example, suppose you find that Boyar Value 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 |
Boyar Value 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 Boyar Value mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Boyar Value mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Boyar Value mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Boyar Value Lagged Returns
When evaluating Boyar Value's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Boyar Value mutual fund have on its future price. Boyar Value 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, Boyar Value autocorrelation shows the relationship between Boyar Value mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Boyar Value Fund.
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 Boyar Mutual Fund
Boyar Value financial ratios help investors to determine whether Boyar 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 Boyar with respect to the benefits of owning Boyar Value security.
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes |