Counterpoint Tactical Equity Fund Market Value
| CPCEX Fund | USD 21.09 0.18 0.85% |
| Symbol | Counterpoint |
Counterpoint Tactical '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 Counterpoint Tactical'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 Counterpoint Tactical.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Counterpoint Tactical on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Counterpoint Tactical Equity or generate 0.0% return on investment in Counterpoint Tactical over 690 days. Counterpoint Tactical is related to or competes with Fidelity Advisor, Ivy Energy, Firsthand Alternative, Hennessy, and Goehring Rozencwajg. Under normal market conditions, the fund invests at least 80 percent of its assets in long and short positions in equity... More
Counterpoint Tactical 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 Counterpoint Tactical'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 Counterpoint Tactical Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6958 | |||
| Information Ratio | 0.03 | |||
| Maximum Drawdown | 4.07 | |||
| Value At Risk | (1.04) | |||
| Potential Upside | 1.0 |
Counterpoint Tactical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Counterpoint Tactical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Counterpoint Tactical's standard deviation. In reality, there are many statistical measures that can use Counterpoint Tactical historical prices to predict the future Counterpoint Tactical's volatility.| Risk Adjusted Performance | 0.1428 | |||
| Jensen Alpha | 0.0599 | |||
| Total Risk Alpha | 0.0183 | |||
| Sortino Ratio | 0.0347 | |||
| Treynor Ratio | 0.2023 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Counterpoint Tactical'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.
Counterpoint Tactical Backtested Returns
At this stage we consider Counterpoint Mutual Fund to be very steady. Counterpoint Tactical 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 twenty-seven technical indicators for Counterpoint Tactical Equity, which you can use to evaluate the volatility of the entity. Please confirm Counterpoint Tactical's Downside Deviation of 0.6958, risk adjusted performance of 0.1428, and Mean Deviation of 0.5987 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. The fund shows a Beta (market volatility) of 0.69, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Counterpoint Tactical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Counterpoint Tactical is expected to be smaller as well.
Auto-correlation | 0.87 |
Very good predictability
Counterpoint Tactical Equity has very good predictability. Overlapping area represents the amount of predictability between Counterpoint Tactical time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th 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 Counterpoint Tactical price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Counterpoint Tactical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 2.39 |
Counterpoint Tactical lagged returns against current returns
Autocorrelation, which is Counterpoint Tactical 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 Counterpoint Tactical's mutual fund expected returns. We can calculate the autocorrelation of Counterpoint Tactical returns to help us make a trade decision. For example, suppose you find that Counterpoint Tactical 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 |
Counterpoint Tactical 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 Counterpoint Tactical mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Counterpoint Tactical mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Counterpoint Tactical mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Counterpoint Tactical Lagged Returns
When evaluating Counterpoint Tactical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Counterpoint Tactical mutual fund have on its future price. Counterpoint Tactical 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, Counterpoint Tactical autocorrelation shows the relationship between Counterpoint Tactical mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Counterpoint Tactical Equity.
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 Counterpoint Mutual Fund
Counterpoint Tactical financial ratios help investors to determine whether Counterpoint 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 Counterpoint with respect to the benefits of owning Counterpoint Tactical security.
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