Federated Porate Bond Fund Market Value
| FCSPX Fund | USD 10.20 0.02 0.20% |
| Symbol | Federated |
Federated Corporate '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 Federated Corporate'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 Federated Corporate.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Federated Corporate on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Federated Porate Bond or generate 0.0% return on investment in Federated Corporate over 30 days. Federated Corporate is related to or competes with Dodge Cox, Fundamental Large, Qs Us, Dunham Large, Qs Us, Avantis Us, and Tax-managed. The fund invests primarily in a diversified portfolio of investment-grade, corporate fixed-income securities More
Federated Corporate 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 Federated Corporate'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 Federated Porate Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3575 | |||
| Information Ratio | (0.34) | |||
| Maximum Drawdown | 1.68 | |||
| Value At Risk | (0.59) | |||
| Potential Upside | 0.4985 |
Federated Corporate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Federated Corporate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Federated Corporate's standard deviation. In reality, there are many statistical measures that can use Federated Corporate historical prices to predict the future Federated Corporate's volatility.| Risk Adjusted Performance | 0.0089 | |||
| Jensen Alpha | 0.0057 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.32) | |||
| Treynor Ratio | 0.0092 |
Federated Porate Bond Backtested Returns
Federated Porate Bond secures Sharpe Ratio (or Efficiency) of -0.0174, which denotes the fund had a -0.0174% return per unit of risk over the last 3 months. Federated Porate Bond exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Federated Corporate's Mean Deviation of 0.2489, coefficient of variation of 3568.33, and Downside Deviation of 0.3575 to check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.0538, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Federated Corporate are expected to decrease at a much lower rate. During the bear market, Federated Corporate is likely to outperform the market.
Auto-correlation | -0.57 |
Good reverse predictability
Federated Porate Bond has good reverse predictability. Overlapping area represents the amount of predictability between Federated Corporate time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd of December 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 Federated Porate Bond price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Federated Corporate price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Federated Porate Bond lagged returns against current returns
Autocorrelation, which is Federated Corporate 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 Federated Corporate's mutual fund expected returns. We can calculate the autocorrelation of Federated Corporate returns to help us make a trade decision. For example, suppose you find that Federated Corporate 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 |
Federated Corporate 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 Federated Corporate mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Federated Corporate mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Federated Corporate mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Federated Corporate Lagged Returns
When evaluating Federated Corporate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Federated Corporate mutual fund have on its future price. Federated Corporate 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, Federated Corporate autocorrelation shows the relationship between Federated Corporate mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Federated Porate Bond.
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 Federated Mutual Fund
Federated Corporate financial ratios help investors to determine whether Federated 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 Federated with respect to the benefits of owning Federated Corporate security.
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