Cm Modity Index Fund Market Value
| CMCAX Fund | USD 67.46 0.12 0.18% |
| Symbol | CMCAX |
Cm Commodity '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 Cm Commodity'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 Cm Commodity.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Cm Commodity on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Cm Modity Index or generate 0.0% return on investment in Cm Commodity over 30 days. Cm Commodity is related to or competes with Global Hard, Pimco Commoditiesplus, Aqr Risk, Parametric Commodity, and Blackrock Commodity. The fund invests in instruments that derive their value from the performance of the UBS Constant Maturity Commodity Tota... More
Cm Commodity 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 Cm Commodity'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 Cm Modity Index upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.01 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 3.33 | |||
| Value At Risk | (1.40) | |||
| Potential Upside | 1.32 |
Cm Commodity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cm Commodity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cm Commodity's standard deviation. In reality, there are many statistical measures that can use Cm Commodity historical prices to predict the future Cm Commodity's volatility.| Risk Adjusted Performance | 0.0215 | |||
| Jensen Alpha | 0.0168 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | (0.33) |
Cm Modity Index Backtested Returns
At this stage we consider CMCAX Mutual Fund to be very steady. Cm Modity Index retains Efficiency (Sharpe Ratio) of 0.0327, which signifies that the fund had a 0.0327% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for Cm Commodity, which you can use to evaluate the volatility of the entity. Please confirm Cm Commodity's Market Risk Adjusted Performance of (0.32), coefficient of variation of 3662.21, and Standard Deviation of 0.8156 to double-check if the risk estimate we provide is consistent with the expected return of 0.0266%. The fund owns a Beta (Systematic Risk) of -0.0375, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cm Commodity are expected to decrease at a much lower rate. During the bear market, Cm Commodity is likely to outperform the market.
Auto-correlation | 0.54 |
Modest predictability
Cm Modity Index has modest predictability. Overlapping area represents the amount of predictability between Cm Commodity 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 Cm Modity Index price movement. The serial correlation of 0.54 indicates that about 54.0% of current Cm Commodity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Cm Modity Index lagged returns against current returns
Autocorrelation, which is Cm Commodity 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 Cm Commodity's mutual fund expected returns. We can calculate the autocorrelation of Cm Commodity returns to help us make a trade decision. For example, suppose you find that Cm Commodity 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 |
Cm Commodity 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 Cm Commodity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cm Commodity mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cm Commodity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Cm Commodity Lagged Returns
When evaluating Cm Commodity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cm Commodity mutual fund have on its future price. Cm Commodity 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, Cm Commodity autocorrelation shows the relationship between Cm Commodity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Cm Modity Index.
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 CMCAX Mutual Fund
Cm Commodity financial ratios help investors to determine whether CMCAX 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 CMCAX with respect to the benefits of owning Cm Commodity security.
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