Centre American Select Fund Market Value
| DHAMX Fund | USD 17.66 0.10 0.57% |
| Symbol | Centre |
Centre American '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 Centre American'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 Centre American.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Centre American on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Centre American Select or generate 0.0% return on investment in Centre American over 30 days. Centre American is related to or competes with Vanguard Small-cap, Shelton Funds, Nasdaq 100, Artisan Thematic, Rbc Funds, and Bbh Partner. The fund normally invests at least 80 percent of its net assets, plus borrowings for investment purposes, in equity secu... More
Centre American 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 Centre American'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 Centre American Select upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7044 | |||
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 2.71 | |||
| Value At Risk | (0.87) | |||
| Potential Upside | 0.6355 |
Centre American Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Centre American's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Centre American's standard deviation. In reality, there are many statistical measures that can use Centre American historical prices to predict the future Centre American's volatility.| Risk Adjusted Performance | 0.0467 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | 0.0605 |
Centre American Select Backtested Returns
At this stage we consider Centre Mutual Fund to be very steady. Centre American Select secures Sharpe Ratio (or Efficiency) of 0.088, which signifies that the fund had a 0.088% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Centre American Select, which you can use to evaluate the volatility of the entity. Please confirm Centre American's Downside Deviation of 0.7044, risk adjusted performance of 0.0467, and Mean Deviation of 0.4194 to double-check if the risk estimate we provide is consistent with the expected return of 0.0472%. The fund shows a Beta (market volatility) of 0.43, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Centre American's returns are expected to increase less than the market. However, during the bear market, the loss of holding Centre American is expected to be smaller as well.
Auto-correlation | 0.80 |
Very good predictability
Centre American Select has very good predictability. Overlapping area represents the amount of predictability between Centre American time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Centre American Select price movement. The serial correlation of 0.8 indicates that around 80.0% of current Centre American price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Centre American Select lagged returns against current returns
Autocorrelation, which is Centre American 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 Centre American's mutual fund expected returns. We can calculate the autocorrelation of Centre American returns to help us make a trade decision. For example, suppose you find that Centre American 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 |
Centre American 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 Centre American mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Centre American mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Centre American mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Centre American Lagged Returns
When evaluating Centre American's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Centre American mutual fund have on its future price. Centre American 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, Centre American autocorrelation shows the relationship between Centre American mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Centre American Select.
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 Centre Mutual Fund
Centre American financial ratios help investors to determine whether Centre 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 Centre with respect to the benefits of owning Centre American security.
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