Fam Equity Income Fund Market Value
| FAMEX Fund | USD 62.44 0.64 1.04% |
| Symbol | Fam |
Fam Equity-income '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 Fam Equity-income'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 Fam Equity-income.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Fam Equity-income on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Fam Equity Income Fund or generate 0.0% return on investment in Fam Equity-income over 30 days. Fam Equity-income is related to or competes with Meridian Growth, Muhlenkamp Fund, Royce Pennsylvania, and Madison Mid. The funds adviser employs a value approach in making its common stock selections More
Fam Equity-income 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 Fam Equity-income'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 Fam Equity Income Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7708 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.34 | |||
| Value At Risk | (1.09) | |||
| Potential Upside | 1.31 |
Fam Equity-income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fam Equity-income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fam Equity-income's standard deviation. In reality, there are many statistical measures that can use Fam Equity-income historical prices to predict the future Fam Equity-income's volatility.| Risk Adjusted Performance | 0.0774 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0813 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fam Equity-income'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.
Fam Equity Income Backtested Returns
At this stage we consider Fam Mutual Fund to be very steady. Fam Equity Income secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the fund had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Fam Equity Income Fund, which you can use to evaluate the volatility of the entity. Please confirm Fam Equity-income's Downside Deviation of 0.7708, mean deviation of 0.6031, and Coefficient Of Variation of 988.39 to check if the risk estimate we provide is consistent with the expected return of 0.0923%. The fund shows a Beta (market volatility) of 0.83, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fam Equity-income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fam Equity-income is expected to be smaller as well.
Auto-correlation | 0.49 |
Average predictability
Fam Equity Income Fund has average predictability. Overlapping area represents the amount of predictability between Fam Equity-income time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 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 Fam Equity Income price movement. The serial correlation of 0.49 indicates that about 49.0% of current Fam Equity-income price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.52 |
Fam Equity Income lagged returns against current returns
Autocorrelation, which is Fam Equity-income 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 Fam Equity-income's mutual fund expected returns. We can calculate the autocorrelation of Fam Equity-income returns to help us make a trade decision. For example, suppose you find that Fam Equity-income 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 |
Fam Equity-income 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 Fam Equity-income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fam Equity-income mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fam Equity-income mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fam Equity-income Lagged Returns
When evaluating Fam Equity-income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fam Equity-income mutual fund have on its future price. Fam Equity-income 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, Fam Equity-income autocorrelation shows the relationship between Fam Equity-income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fam Equity Income Fund.
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 Fam Mutual Fund
Fam Equity-income financial ratios help investors to determine whether Fam 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 Fam with respect to the benefits of owning Fam Equity-income security.
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