1290 Essex Small Fund Market Value
| ESCJX Fund | 13.24 0.23 1.71% |
| Symbol | 1290 |
1290 Essex '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 1290 Essex'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 1290 Essex.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in 1290 Essex on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding 1290 Essex Small or generate 0.0% return on investment in 1290 Essex over 720 days. 1290 Essex is related to or competes with 1290 Funds, 1290 Smartbeta, 1290 Smartbeta, 1290 Smartbeta, 1290 Smartbeta, and 1290 Retirement. Under normal circumstances, the fund invests at least 80 percent of its net assets, plus borrowings for investment purpo... More
1290 Essex 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 1290 Essex'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 1290 Essex Small upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.56 | |||
| Information Ratio | 0.0178 | |||
| Maximum Drawdown | 7.79 | |||
| Value At Risk | (2.19) | |||
| Potential Upside | 2.57 |
1290 Essex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 1290 Essex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 1290 Essex's standard deviation. In reality, there are many statistical measures that can use 1290 Essex historical prices to predict the future 1290 Essex's volatility.| Risk Adjusted Performance | 0.0846 | |||
| Jensen Alpha | 0.1377 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0174 | |||
| Treynor Ratio | 1.75 |
1290 Essex Small Backtested Returns
At this stage we consider 1290 Mutual Fund to be not too volatile. 1290 Essex Small retains Efficiency (Sharpe Ratio) of 0.0857, which signifies that the fund had a 0.0857% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for 1290 Essex, which you can use to evaluate the volatility of the entity. Please confirm 1290 Essex's Coefficient Of Variation of 962.76, market risk adjusted performance of 1.76, and Standard Deviation of 1.52 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. The entity owns a Beta (Systematic Risk) of 0.0847, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 1290 Essex's returns are expected to increase less than the market. However, during the bear market, the loss of holding 1290 Essex is expected to be smaller as well.
Auto-correlation | -0.49 |
Modest reverse predictability
1290 Essex Small has modest reverse predictability. Overlapping area represents the amount of predictability between 1290 Essex time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd 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 1290 Essex Small price movement. The serial correlation of -0.49 indicates that about 49.0% of current 1290 Essex price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.53 |
1290 Essex Small lagged returns against current returns
Autocorrelation, which is 1290 Essex 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 1290 Essex's mutual fund expected returns. We can calculate the autocorrelation of 1290 Essex returns to help us make a trade decision. For example, suppose you find that 1290 Essex 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 |
1290 Essex 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 1290 Essex mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 1290 Essex mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 1290 Essex mutual fund over time.
Current vs Lagged Prices |
| Timeline |
1290 Essex Lagged Returns
When evaluating 1290 Essex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 1290 Essex mutual fund have on its future price. 1290 Essex 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, 1290 Essex autocorrelation shows the relationship between 1290 Essex mutual fund current value and its past values and can show if there is a momentum factor associated with investing in 1290 Essex Small.
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 1290 Mutual Fund
1290 Essex financial ratios help investors to determine whether 1290 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 1290 with respect to the benefits of owning 1290 Essex security.
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