Ab Flexfee Thematic Fund Market Value
| FFTYX Fund | USD 20.11 0.22 1.08% |
| Symbol | FFTYX |
Ab Flexfee '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 Ab Flexfee'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 Ab Flexfee.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Ab Flexfee on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Ab Flexfee Thematic or generate 0.0% return on investment in Ab Flexfee over 30 days. Ab Flexfee is related to or competes with Pace Municipal, Pace Municipal, California Bond, Nuveen Minnesota, T Rowe, Morningstar Defensive, and Transamerica Intermediate. Under normal conditions, the fund invests at least 80 percent of its net assets in equity securities of U.S More
Ab Flexfee 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 Ab Flexfee'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 Ab Flexfee Thematic upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 3.9 | |||
| Value At Risk | (1.34) | |||
| Potential Upside | 1.09 |
Ab Flexfee Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ab Flexfee's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ab Flexfee's standard deviation. In reality, there are many statistical measures that can use Ab Flexfee historical prices to predict the future Ab Flexfee's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ab Flexfee'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.
Ab Flexfee Thematic Backtested Returns
Ab Flexfee Thematic retains Efficiency (Sharpe Ratio) of -0.0085, which signifies that the fund had a -0.0085% return per unit of price deviation over the last 3 months. Ab Flexfee exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ab Flexfee's Total Risk Alpha of (0.12), information ratio of (0.14), and Mean Deviation of 0.6098 to double-check the risk estimate we provide. The fund owns a Beta (Systematic Risk) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Ab Flexfee are completely uncorrelated.
Auto-correlation | 0.68 |
Good predictability
Ab Flexfee Thematic has good predictability. Overlapping area represents the amount of predictability between Ab Flexfee time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 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 Ab Flexfee Thematic price movement. The serial correlation of 0.68 indicates that around 68.0% of current Ab Flexfee price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Ab Flexfee Thematic lagged returns against current returns
Autocorrelation, which is Ab Flexfee 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 Ab Flexfee's mutual fund expected returns. We can calculate the autocorrelation of Ab Flexfee returns to help us make a trade decision. For example, suppose you find that Ab Flexfee 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 |
Ab Flexfee 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 Ab Flexfee mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ab Flexfee mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ab Flexfee mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ab Flexfee Lagged Returns
When evaluating Ab Flexfee's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ab Flexfee mutual fund have on its future price. Ab Flexfee 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, Ab Flexfee autocorrelation shows the relationship between Ab Flexfee mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ab Flexfee Thematic.
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 FFTYX Mutual Fund
Ab Flexfee financial ratios help investors to determine whether FFTYX 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 FFTYX with respect to the benefits of owning Ab Flexfee security.
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