Aam Select Income Fund Market Value
| CPUCX Fund | USD 9.19 0.01 0.11% |
| Symbol | Aam |
Aam Select '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 Aam Select'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 Aam Select.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Aam Select on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Aam Select Income or generate 0.0% return on investment in Aam Select over 30 days. Aam Select is related to or competes with Vanguard Intermediate, Vanguard Intermediate-ter, Vanguard Intermediate, and Pimco Investment. The fund invests at least 80 percent of its net assets, plus the amount of any borrowings for investment purposes, in bo... More
Aam Select 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 Aam Select'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 Aam Select Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.39) | |||
| Maximum Drawdown | 1.29 | |||
| Value At Risk | (0.54) | |||
| Potential Upside | 0.4334 |
Aam Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aam Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aam Select's standard deviation. In reality, there are many statistical measures that can use Aam Select historical prices to predict the future Aam Select's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | 0.6578 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aam Select'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.
Aam Select Income Backtested Returns
Aam Select Income secures Sharpe Ratio (or Efficiency) of -0.0868, which signifies that the fund had a -0.0868% return per unit of risk over the last 3 months. Aam Select Income exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aam Select's Mean Deviation of 0.2354, standard deviation of 0.295, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.0444, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Aam Select are expected to decrease at a much lower rate. During the bear market, Aam Select is likely to outperform the market.
Auto-correlation | 0.62 |
Good predictability
Aam Select Income has good predictability. Overlapping area represents the amount of predictability between Aam Select 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 Aam Select Income price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Aam Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Aam Select Income lagged returns against current returns
Autocorrelation, which is Aam Select 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 Aam Select's mutual fund expected returns. We can calculate the autocorrelation of Aam Select returns to help us make a trade decision. For example, suppose you find that Aam Select 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 |
Aam Select 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 Aam Select mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aam Select mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aam Select mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Aam Select Lagged Returns
When evaluating Aam Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aam Select mutual fund have on its future price. Aam Select 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, Aam Select autocorrelation shows the relationship between Aam Select mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Aam Select 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 Aam Mutual Fund
Aam Select financial ratios help investors to determine whether Aam 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 Aam with respect to the benefits of owning Aam Select security.
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