Industrials Portfolio Industrials Fund Market Value
| FCYIX Fund | USD 45.36 0.62 1.35% |
| Symbol | Industrials |
Industrials Portfolio '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 Industrials Portfolio'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 Industrials Portfolio.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Industrials Portfolio on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Industrials Portfolio Industrials or generate 0.0% return on investment in Industrials Portfolio over 720 days. Industrials Portfolio is related to or competes with Consumer Discretionary, Automotive Portfolio, Transportation Portfolio, Financial Services, and Materials Portfolio. The fund invests primarily in common stocks More
Industrials Portfolio 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 Industrials Portfolio'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 Industrials Portfolio Industrials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.14 | |||
| Information Ratio | 0.0509 | |||
| Maximum Drawdown | 7.0 | |||
| Value At Risk | (1.51) | |||
| Potential Upside | 1.97 |
Industrials Portfolio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Industrials Portfolio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Industrials Portfolio's standard deviation. In reality, there are many statistical measures that can use Industrials Portfolio historical prices to predict the future Industrials Portfolio's volatility.| Risk Adjusted Performance | 0.1291 | |||
| Jensen Alpha | 0.163 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0517 | |||
| Treynor Ratio | 1.3 |
Industrials Portfolio Backtested Returns
At this stage we consider Industrials Mutual Fund to be very steady. Industrials Portfolio holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Industrials Portfolio, which you can use to evaluate the volatility of the entity. Please check out Industrials Portfolio's Market Risk Adjusted Performance of 1.31, downside deviation of 1.14, and Risk Adjusted Performance of 0.1291 to validate if the risk estimate we provide is consistent with the expected return of 0.18%. The fund retains a Market Volatility (i.e., Beta) of 0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Industrials Portfolio's returns are expected to increase less than the market. However, during the bear market, the loss of holding Industrials Portfolio is expected to be smaller as well.
Auto-correlation | 0.31 |
Below average predictability
Industrials Portfolio Industrials has below average predictability. Overlapping area represents the amount of predictability between Industrials Portfolio 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 Industrials Portfolio price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Industrials Portfolio price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 9.41 |
Industrials Portfolio lagged returns against current returns
Autocorrelation, which is Industrials Portfolio 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 Industrials Portfolio's mutual fund expected returns. We can calculate the autocorrelation of Industrials Portfolio returns to help us make a trade decision. For example, suppose you find that Industrials Portfolio 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 |
Industrials Portfolio 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 Industrials Portfolio mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Industrials Portfolio mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Industrials Portfolio mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Industrials Portfolio Lagged Returns
When evaluating Industrials Portfolio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Industrials Portfolio mutual fund have on its future price. Industrials Portfolio 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, Industrials Portfolio autocorrelation shows the relationship between Industrials Portfolio mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Industrials Portfolio Industrials.
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 Industrials Mutual Fund
Industrials Portfolio financial ratios help investors to determine whether Industrials 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 Industrials with respect to the benefits of owning Industrials Portfolio security.
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Fundamental Analysis View fundamental data based on most recent published financial statements |