Conservative Income Fund Market Value
| COIYX Fund | USD 10.01 0.00 0.00% |
| Symbol | Conservative |
Conservative Income '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 Conservative Income'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 Conservative Income.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Conservative Income on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Conservative Income or generate 0.0% return on investment in Conservative Income over 30 days. Conservative Income is related to or competes with Ab Global, Commonwealth Global, T Rowe, Mirova Global, Nuveen Global, Dreyfus/standish, and Us Global. Under normal circumstances, the fund will invest at least 80 percent of its net assets in U.S More
Conservative Income 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 Conservative Income'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 Conservative Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.95) | |||
| Maximum Drawdown | 0.6063 | |||
| Potential Upside | 0.1007 |
Conservative Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Conservative Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Conservative Income's standard deviation. In reality, there are many statistical measures that can use Conservative Income historical prices to predict the future Conservative Income's volatility.| Risk Adjusted Performance | 0.09 | |||
| Jensen Alpha | 0.0119 | |||
| Total Risk Alpha | (0) | |||
| Treynor Ratio | (0.47) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Conservative Income'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.
Conservative Income Backtested Returns
At this stage we consider Conservative Mutual Fund to be very steady. Conservative Income secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that the fund had a 0.22% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Conservative Income, which you can use to evaluate the volatility of the entity. Please confirm Conservative Income's Risk Adjusted Performance of 0.09, mean deviation of 0.0403, and Standard Deviation of 0.0939 to double-check if the risk estimate we provide is consistent with the expected return of 0.0208%. The fund shows a Beta (market volatility) of -0.021, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Conservative Income are expected to decrease at a much lower rate. During the bear market, Conservative Income is likely to outperform the market.
Auto-correlation | 0.00 |
No correlation between past and present
Conservative Income has no correlation between past and present. Overlapping area represents the amount of predictability between Conservative Income time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Conservative Income price movement. The serial correlation of 0.0 indicates that just 0.0% of current Conservative Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Conservative Income lagged returns against current returns
Autocorrelation, which is Conservative Income 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 Conservative Income's mutual fund expected returns. We can calculate the autocorrelation of Conservative Income returns to help us make a trade decision. For example, suppose you find that Conservative Income 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 |
Conservative Income 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 Conservative Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Conservative Income mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Conservative Income mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Conservative Income Lagged Returns
When evaluating Conservative Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Conservative Income mutual fund have on its future price. Conservative Income 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, Conservative Income autocorrelation shows the relationship between Conservative Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Conservative Income.
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 Conservative Mutual Fund
Conservative Income financial ratios help investors to determine whether Conservative 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 Conservative with respect to the benefits of owning Conservative Income security.
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