Fmasx Fund Market Value
| FMASX Fund | 15.50 0.24 1.57% |
| Symbol | Fmasx |
Fmasx '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 Fmasx'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 Fmasx.
| 02/03/2023 |
| 01/23/2025 |
If you would invest 0.00 in Fmasx on February 3, 2023 and sell it all today you would earn a total of 0.00 from holding Fmasx or generate 0.0% return on investment in Fmasx over 720 days.
Fmasx 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 Fmasx'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 Fmasx upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.38 | |||
| Information Ratio | 0.0089 | |||
| Maximum Drawdown | 5.83 | |||
| Value At Risk | (2.11) | |||
| Potential Upside | 1.49 |
Fmasx Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fmasx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fmasx's standard deviation. In reality, there are many statistical measures that can use Fmasx historical prices to predict the future Fmasx's volatility.| Risk Adjusted Performance | 0.0375 | |||
| Jensen Alpha | 0.0263 | |||
| Total Risk Alpha | 0.0028 | |||
| Sortino Ratio | 0.0069 | |||
| Treynor Ratio | 0.1031 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fmasx'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.
Fmasx Backtested Returns
At this stage we consider Fmasx Mutual Fund to be out of control. Fmasx secures Sharpe Ratio (or Efficiency) of 0.0413, which denotes the fund had a 0.0413 % return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Fmasx, which you can use to evaluate the volatility of the entity. Please confirm Fmasx's Downside Deviation of 1.38, semi deviation of 1.17, and Mean Deviation of 0.7755 to check if the risk estimate we provide is consistent with the expected return of 0.0445%. The fund shows a Beta (market volatility) of 0.34, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fmasx's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fmasx is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
Fmasx has no correlation between past and present. Overlapping area represents the amount of predictability between Fmasx time series from 3rd of February 2023 to 29th of January 2024 and 29th of January 2024 to 23rd 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 Fmasx price movement. The serial correlation of 0.0 indicates that just 0.0% of current Fmasx price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fmasx lagged returns against current returns
Autocorrelation, which is Fmasx 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 Fmasx's mutual fund expected returns. We can calculate the autocorrelation of Fmasx returns to help us make a trade decision. For example, suppose you find that Fmasx 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 |
Fmasx 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 Fmasx mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fmasx mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fmasx mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fmasx Lagged Returns
When evaluating Fmasx's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fmasx mutual fund have on its future price. Fmasx 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, Fmasx autocorrelation shows the relationship between Fmasx mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fmasx.
Regressed Prices |
| Timeline |
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