Community Reinvestment Act Fund Market Value
| CRATX Fund | USD 9.45 0.06 0.64% |
| Symbol | Community |
Community Reinvestment '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 Community Reinvestment'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 Community Reinvestment.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Community Reinvestment on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Community Reinvestment Act or generate 0.0% return on investment in Community Reinvestment over 690 days. Community Reinvestment is related to or competes with Amg Managers, Doubleline Core, Pax High, Pear Tree, and Domini Impact. The fund will invest at least 80 percent of its net assets in bonds, which include debt securities and other debt instru... More
Community Reinvestment 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 Community Reinvestment'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 Community Reinvestment Act upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.59) | |||
| Maximum Drawdown | 1.06 | |||
| Value At Risk | (0.53) | |||
| Potential Upside | 0.4193 |
Community Reinvestment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Community Reinvestment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Community Reinvestment's standard deviation. In reality, there are many statistical measures that can use Community Reinvestment historical prices to predict the future Community Reinvestment's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | 0.6335 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Community Reinvestment'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.
Community Reinvestment Backtested Returns
Community Reinvestment secures Sharpe Ratio (or Efficiency) of -0.0591, which signifies that the fund had a -0.0591% return per unit of risk over the last 3 months. Community Reinvestment Act exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Community Reinvestment's Mean Deviation of 0.1771, standard deviation of 0.2416, and Risk Adjusted Performance of (0.07) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.038, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Community Reinvestment are expected to decrease at a much lower rate. During the bear market, Community Reinvestment is likely to outperform the market.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Community Reinvestment Act has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Community Reinvestment time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 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 Community Reinvestment price movement. The serial correlation of -0.78 indicates that around 78.0% of current Community Reinvestment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Community Reinvestment lagged returns against current returns
Autocorrelation, which is Community Reinvestment 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 Community Reinvestment's mutual fund expected returns. We can calculate the autocorrelation of Community Reinvestment returns to help us make a trade decision. For example, suppose you find that Community Reinvestment 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 |
Community Reinvestment 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 Community Reinvestment mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Community Reinvestment mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Community Reinvestment mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Community Reinvestment Lagged Returns
When evaluating Community Reinvestment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Community Reinvestment mutual fund have on its future price. Community Reinvestment 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, Community Reinvestment autocorrelation shows the relationship between Community Reinvestment mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Community Reinvestment Act.
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 Community Mutual Fund
Community Reinvestment financial ratios help investors to determine whether Community 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 Community with respect to the benefits of owning Community Reinvestment security.
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| Fundamental Analysis View fundamental data based on most recent published financial statements |