Commonwealth Real Estate Fund Market Value
| CNREX Fund | USD 25.84 0.54 2.13% |
| Symbol | Commonwealth |
Commonwealth Real '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 Commonwealth Real'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 Commonwealth Real.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Commonwealth Real on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Commonwealth Real Estate or generate 0.0% return on investment in Commonwealth Real over 30 days. Commonwealth Real is related to or competes with Commonwealth Global, Commonwealth Australia/new, Amg Managers, Commonwealth Japan, and Real Estate. Under normal market conditions, the fund invests at least 80 percent of its net assets in real estate securities More
Commonwealth Real 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 Commonwealth Real'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 Commonwealth Real Estate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8392 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.86 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 1.22 |
Commonwealth Real Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Commonwealth Real's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Commonwealth Real's standard deviation. In reality, there are many statistical measures that can use Commonwealth Real historical prices to predict the future Commonwealth Real's volatility.| Risk Adjusted Performance | 0.0697 | |||
| Jensen Alpha | 0.021 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.1783 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Commonwealth Real'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.
Commonwealth Real Estate Backtested Returns
At this stage we consider Commonwealth Mutual Fund to be very steady. Commonwealth Real Estate secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the fund had a 0.11% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Commonwealth Real Estate, which you can use to evaluate the volatility of the entity. Please confirm Commonwealth Real's Downside Deviation of 0.8392, risk adjusted performance of 0.0697, and Mean Deviation of 0.6117 to double-check if the risk estimate we provide is consistent with the expected return of 0.0872%. The fund shows a Beta (market volatility) of 0.35, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Commonwealth Real's returns are expected to increase less than the market. However, during the bear market, the loss of holding Commonwealth Real is expected to be smaller as well.
Auto-correlation | 0.60 |
Good predictability
Commonwealth Real Estate has good predictability. Overlapping area represents the amount of predictability between Commonwealth Real time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Commonwealth Real Estate price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Commonwealth Real price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Commonwealth Real Estate lagged returns against current returns
Autocorrelation, which is Commonwealth Real 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 Commonwealth Real's mutual fund expected returns. We can calculate the autocorrelation of Commonwealth Real returns to help us make a trade decision. For example, suppose you find that Commonwealth Real 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 |
Commonwealth Real 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 Commonwealth Real mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Commonwealth Real mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Commonwealth Real mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Commonwealth Real Lagged Returns
When evaluating Commonwealth Real's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Commonwealth Real mutual fund have on its future price. Commonwealth Real 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, Commonwealth Real autocorrelation shows the relationship between Commonwealth Real mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Commonwealth Real Estate.
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 Commonwealth Mutual Fund
Commonwealth Real financial ratios help investors to determine whether Commonwealth 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 Commonwealth with respect to the benefits of owning Commonwealth Real security.
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