Americafirst Defensive Growth Fund Market Value
| DGQAX Fund | USD 8.48 0.01 0.12% |
| Symbol | Americafirst |
Americafirst Defensive '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 Americafirst Defensive'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 Americafirst Defensive.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Americafirst Defensive on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Americafirst Defensive Growth or generate 0.0% return on investment in Americafirst Defensive over 360 days. Americafirst Defensive is related to or competes with Americafirst Large, Americafirst Monthly, Americafirst Tactical, Americafirst Tactical, Americafirst Income, Americafirst Income, and Americafirst Income. Under normal circumstances, the fund invests at least 80 percent of its net assets in bonds More
Americafirst Defensive 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 Americafirst Defensive'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 Americafirst Defensive Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.501 | |||
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 2.1 | |||
| Value At Risk | (0.70) | |||
| Potential Upside | 0.5834 |
Americafirst Defensive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Americafirst Defensive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Americafirst Defensive's standard deviation. In reality, there are many statistical measures that can use Americafirst Defensive historical prices to predict the future Americafirst Defensive's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.26) | |||
| Treynor Ratio | (0.04) |
Americafirst Defensive Backtested Returns
Americafirst Defensive secures Sharpe Ratio (or Efficiency) of -0.0067, which signifies that the fund had a -0.0067% return per unit of standard deviation over the last 3 months. Americafirst Defensive Growth exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Americafirst Defensive's mean deviation of 0.3082, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Americafirst Defensive's returns are expected to increase less than the market. However, during the bear market, the loss of holding Americafirst Defensive is expected to be smaller as well.
Auto-correlation | 0.21 |
Weak predictability
Americafirst Defensive Growth has weak predictability. Overlapping area represents the amount of predictability between Americafirst Defensive time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Americafirst Defensive price movement. The serial correlation of 0.21 indicates that over 21.0% of current Americafirst Defensive price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Americafirst Defensive lagged returns against current returns
Autocorrelation, which is Americafirst Defensive 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 Americafirst Defensive's mutual fund expected returns. We can calculate the autocorrelation of Americafirst Defensive returns to help us make a trade decision. For example, suppose you find that Americafirst Defensive 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 |
Americafirst Defensive 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 Americafirst Defensive mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Americafirst Defensive mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Americafirst Defensive mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Americafirst Defensive Lagged Returns
When evaluating Americafirst Defensive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Americafirst Defensive mutual fund have on its future price. Americafirst Defensive 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, Americafirst Defensive autocorrelation shows the relationship between Americafirst Defensive mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Americafirst Defensive Growth.
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 Americafirst Mutual Fund
Americafirst Defensive financial ratios help investors to determine whether Americafirst 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 Americafirst with respect to the benefits of owning Americafirst Defensive security.
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