Leisure Portfolio Leisure Fund Market Value
| FDLSX Fund | USD 20.51 0.13 0.64% |
| Symbol | Leisure |
Leisure 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 Leisure 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 Leisure Portfolio.
| 12/22/2024 |
| 01/21/2025 |
If you would invest 0.00 in Leisure Portfolio on December 22, 2024 and sell it all today you would earn a total of 0.00 from holding Leisure Portfolio Leisure or generate 0.0% return on investment in Leisure Portfolio over 30 days. Leisure Portfolio is related to or competes with Consumer Discretionary, Automotive Portfolio, Multimedia Portfolio, Transportation Portfolio, and Insurance Portfolio. The fund invests primarily in common stocks More
Leisure 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 Leisure 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 Leisure Portfolio Leisure upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 7.93 | |||
| Value At Risk | (1.34) | |||
| Potential Upside | 1.1 |
Leisure Portfolio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Leisure Portfolio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Leisure Portfolio's standard deviation. In reality, there are many statistical measures that can use Leisure Portfolio historical prices to predict the future Leisure Portfolio's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.15) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Leisure Portfolio'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.
Leisure Portfolio Leisure Backtested Returns
Leisure Portfolio Leisure has Sharpe Ratio of -0.0222, which conveys that the entity had a -0.0222 % return per unit of risk over the last 3 months. Leisure Portfolio exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Leisure Portfolio's Mean Deviation of 0.7281, standard deviation of 1.1, and Risk Adjusted Performance of (0.02) to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.31, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Leisure Portfolio's returns are expected to increase less than the market. However, during the bear market, the loss of holding Leisure Portfolio is expected to be smaller as well.
Auto-correlation | 0.20 |
Weak predictability
Leisure Portfolio Leisure has weak predictability. Overlapping area represents the amount of predictability between Leisure Portfolio time series from 22nd of December 2024 to 6th of January 2025 and 6th of January 2025 to 21st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Leisure Portfolio Leisure price movement. The serial correlation of 0.2 indicates that over 20.0% of current Leisure Portfolio price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Leisure Portfolio Leisure lagged returns against current returns
Autocorrelation, which is Leisure 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 Leisure Portfolio's mutual fund expected returns. We can calculate the autocorrelation of Leisure Portfolio returns to help us make a trade decision. For example, suppose you find that Leisure 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 |
Leisure 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 Leisure Portfolio mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Leisure 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 Leisure Portfolio mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Leisure Portfolio Lagged Returns
When evaluating Leisure Portfolio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Leisure Portfolio mutual fund have on its future price. Leisure 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, Leisure Portfolio autocorrelation shows the relationship between Leisure Portfolio mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Leisure Portfolio Leisure.
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 Leisure Mutual Fund
Leisure Portfolio financial ratios help investors to determine whether Leisure 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 Leisure with respect to the benefits of owning Leisure Portfolio security.
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