Catholic Responsible Investments Fund Market Value
| CMNVX Fund | USD 10.65 0.03 0.28% |
| Symbol | Catholic |
Catholic Responsible '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 Catholic Responsible'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 Catholic Responsible.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Catholic Responsible on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Catholic Responsible Investments or generate 0.0% return on investment in Catholic Responsible over 360 days. Catholic Responsible is related to or competes with Fidelity Advisor, Franklin Natural, Short Oil, Hennessy, and Dreyfus Natural. The fund is a fund of funds, meaning that it invests in other Catholic Responsible Investments Funds mutual funds that r... More
Catholic Responsible 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 Catholic Responsible'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 Catholic Responsible Investments upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4106 | |||
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 1.72 | |||
| Value At Risk | (0.57) | |||
| Potential Upside | 0.5687 |
Catholic Responsible Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Catholic Responsible's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Catholic Responsible's standard deviation. In reality, there are many statistical measures that can use Catholic Responsible historical prices to predict the future Catholic Responsible's volatility.| Risk Adjusted Performance | 0.081 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.23) | |||
| Treynor Ratio | 0.09 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Catholic Responsible'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.
Catholic Responsible Backtested Returns
At this stage we consider Catholic Mutual Fund to be very steady. Catholic Responsible secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the fund had a 0.15% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Catholic Responsible Investments, which you can use to evaluate the volatility of the entity. Please confirm Catholic Responsible's Downside Deviation of 0.4106, risk adjusted performance of 0.081, and Mean Deviation of 0.2699 to double-check if the risk estimate we provide is consistent with the expected return of 0.0513%. The fund shows a Beta (market volatility) of 0.36, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Catholic Responsible's returns are expected to increase less than the market. However, during the bear market, the loss of holding Catholic Responsible is expected to be smaller as well.
Auto-correlation | 0.78 |
Good predictability
Catholic Responsible Investments has good predictability. Overlapping area represents the amount of predictability between Catholic Responsible time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Catholic Responsible price movement. The serial correlation of 0.78 indicates that around 78.0% of current Catholic Responsible price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Catholic Responsible lagged returns against current returns
Autocorrelation, which is Catholic Responsible 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 Catholic Responsible's mutual fund expected returns. We can calculate the autocorrelation of Catholic Responsible returns to help us make a trade decision. For example, suppose you find that Catholic Responsible 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 |
Catholic Responsible 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 Catholic Responsible mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Catholic Responsible mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Catholic Responsible mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Catholic Responsible Lagged Returns
When evaluating Catholic Responsible's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Catholic Responsible mutual fund have on its future price. Catholic Responsible 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, Catholic Responsible autocorrelation shows the relationship between Catholic Responsible mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Catholic Responsible Investments.
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 Catholic Mutual Fund
Catholic Responsible financial ratios help investors to determine whether Catholic 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 Catholic with respect to the benefits of owning Catholic Responsible security.
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