Multi Manager Directional Alternative Fund Market Value
| CDAZX Fund | USD 8.33 0.06 0.73% |
| Symbol | MULTI |
Multi Manager '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 Multi Manager'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 Multi Manager.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Multi Manager on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Multi Manager Directional Alternative or generate 0.0% return on investment in Multi Manager over 30 days. Multi Manager is related to or competes with Columbia Porate, Columbia Ultra, Columbia Ultra, Columbia Treasury, Columbia Small, Columbia Treasury, and Columbia Government. The fund pursues its investment objective by allocating the funds assets among different asset managers that collectivel... More
Multi Manager 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 Multi Manager'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 Multi Manager Directional Alternative upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.533 | |||
| Information Ratio | 0.0371 | |||
| Maximum Drawdown | 4.35 | |||
| Value At Risk | (0.81) | |||
| Potential Upside | 1.41 |
Multi Manager Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Multi Manager's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Multi Manager's standard deviation. In reality, there are many statistical measures that can use Multi Manager historical prices to predict the future Multi Manager's volatility.| Risk Adjusted Performance | 0.1676 | |||
| Jensen Alpha | 0.0747 | |||
| Total Risk Alpha | 0.0358 | |||
| Sortino Ratio | 0.0488 | |||
| Treynor Ratio | 0.2454 |
Multi Manager Direct Backtested Returns
At this stage we consider MULTI Mutual Fund to be very steady. Multi Manager Direct has Sharpe Ratio of 0.24, which conveys that the entity had a 0.24% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Multi Manager, which you can use to evaluate the volatility of the fund. Please verify Multi Manager's Risk Adjusted Performance of 0.1676, mean deviation of 0.5104, and Downside Deviation of 0.533 to check out if the risk estimate we provide is consistent with the expected return of 0.17%. The fund secures a Beta (Market Risk) of 0.59, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Multi Manager's returns are expected to increase less than the market. However, during the bear market, the loss of holding Multi Manager is expected to be smaller as well.
Auto-correlation | 0.78 |
Good predictability
Multi Manager Directional Alternative has good predictability. Overlapping area represents the amount of predictability between Multi Manager time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Multi Manager Direct price movement. The serial correlation of 0.78 indicates that around 78.0% of current Multi Manager price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Multi Manager Direct lagged returns against current returns
Autocorrelation, which is Multi Manager 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 Multi Manager's mutual fund expected returns. We can calculate the autocorrelation of Multi Manager returns to help us make a trade decision. For example, suppose you find that Multi Manager 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 |
Multi Manager 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 Multi Manager mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Multi Manager mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Multi Manager mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Multi Manager Lagged Returns
When evaluating Multi Manager's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Multi Manager mutual fund have on its future price. Multi Manager 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, Multi Manager autocorrelation shows the relationship between Multi Manager mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Multi Manager Directional Alternative.
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 MULTI Mutual Fund
Multi Manager financial ratios help investors to determine whether MULTI 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 MULTI with respect to the benefits of owning Multi Manager security.
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