Ab Relative Value Fund Market Value
| CABDX Fund | USD 7.16 0.07 0.97% |
| Symbol | CABDX |
Ab Relative '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 Relative'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 Relative.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Ab Relative on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Ab Relative Value or generate 0.0% return on investment in Ab Relative over 30 days. Ab Relative is related to or competes with Federated Mdt, Nationwide Ziegler, HUMANA, Barloworld, Morningstar Unconstrained, High-yield Municipal, and Thrivent High. The fund invests primarily in the equity securities of U.S More
Ab Relative 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 Relative'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 Relative Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5595 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.53 | |||
| Value At Risk | (0.84) | |||
| Potential Upside | 1.01 |
Ab Relative Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ab Relative's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ab Relative's standard deviation. In reality, there are many statistical measures that can use Ab Relative historical prices to predict the future Ab Relative's volatility.| Risk Adjusted Performance | 0.0766 | |||
| Jensen Alpha | 0.0594 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (2.36) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ab Relative'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 Relative Value Backtested Returns
At this stage we consider CABDX Mutual Fund to be very steady. Ab Relative Value retains Efficiency (Sharpe Ratio) of 0.0629, which signifies that the fund had a 0.0629% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for Ab Relative, which you can use to evaluate the volatility of the entity. Please confirm Ab Relative's Standard Deviation of 0.6527, coefficient of variation of 974.73, and Market Risk Adjusted Performance of (2.35) to double-check if the risk estimate we provide is consistent with the expected return of 0.042%. The fund owns a Beta (Systematic Risk) of -0.0241, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ab Relative are expected to decrease at a much lower rate. During the bear market, Ab Relative is likely to outperform the market.
Auto-correlation | 0.11 |
Insignificant predictability
Ab Relative Value has insignificant predictability. Overlapping area represents the amount of predictability between Ab Relative time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Relative Value price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Ab Relative price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ab Relative Value lagged returns against current returns
Autocorrelation, which is Ab Relative 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 Relative's mutual fund expected returns. We can calculate the autocorrelation of Ab Relative returns to help us make a trade decision. For example, suppose you find that Ab Relative 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 Relative 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 Relative mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ab Relative 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 Relative mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ab Relative Lagged Returns
When evaluating Ab Relative's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ab Relative mutual fund have on its future price. Ab Relative 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 Relative autocorrelation shows the relationship between Ab Relative mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ab Relative Value.
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 CABDX Mutual Fund
Ab Relative financial ratios help investors to determine whether CABDX 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 CABDX with respect to the benefits of owning Ab Relative security.
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