Free Market International Fund Market Value
| FMNEX Fund | USD 11.90 0.08 0.67% |
| Symbol | Free |
Free Market '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 Free Market'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 Free Market.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Free Market on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Free Market International or generate 0.0% return on investment in Free Market over 60 days. Free Market is related to or competes with Free Market, Free Market, Eaton Vance, Lebenthal Lisanti, Lifex Inflation-protec, Vanguard Global, and Cornerstone Strategic. The fund normally invests at least 80 percent of its net assets, including any borrowings for investment purposes, in sh... More
Free Market 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 Free Market'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 Free Market International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 3.7 | |||
| Value At Risk | (1.57) | |||
| Potential Upside | 1.07 |
Free Market Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Free Market's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Free Market's standard deviation. In reality, there are many statistical measures that can use Free Market historical prices to predict the future Free Market's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.19) | |||
| 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 Free Market'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.
Free Market International Backtested Returns
Free Market International secures Sharpe Ratio (or Efficiency) of -0.0561, which denotes the fund had a -0.0561% return per unit of risk over the last 3 months. Free Market International exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Free Market's Standard Deviation of 0.8075, variance of 0.652, and Mean Deviation of 0.6052 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.41, which means possible diversification benefits within a given portfolio. As returns on the market increase, Free Market's returns are expected to increase less than the market. However, during the bear market, the loss of holding Free Market is expected to be smaller as well.
Auto-correlation | 0.61 |
Good predictability
Free Market International has good predictability. Overlapping area represents the amount of predictability between Free Market time series from 27th of September 2024 to 27th of October 2024 and 27th of October 2024 to 26th 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 Free Market International price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Free Market price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Free Market International lagged returns against current returns
Autocorrelation, which is Free Market 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 Free Market's mutual fund expected returns. We can calculate the autocorrelation of Free Market returns to help us make a trade decision. For example, suppose you find that Free Market 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 |
Free Market 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 Free Market mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Free Market mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Free Market mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Free Market Lagged Returns
When evaluating Free Market's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Free Market mutual fund have on its future price. Free Market 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, Free Market autocorrelation shows the relationship between Free Market mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Free Market International.
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 Free Mutual Fund
Free Market financial ratios help investors to determine whether Free 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 Free with respect to the benefits of owning Free Market security.
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| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals |