Fpddjx Fund Market Value
| FPDDJX Fund | 9.14 0.06 0.66% |
| Symbol | Fpddjx |
Fpddjx '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 Fpddjx's 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 Fpddjx.
| 01/26/2024 |
| 01/20/2025 |
If you would invest 0.00 in Fpddjx on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding Fpddjx or generate 0.0% return on investment in Fpddjx over 360 days.
Fpddjx 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 Fpddjx's 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 Fpddjx upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.9122 | |||
| Maximum Drawdown | 0.9349 | |||
| Value At Risk | (0.35) | |||
| Potential Upside | 1.03 |
Fpddjx Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fpddjx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fpddjx's standard deviation. In reality, there are many statistical measures that can use Fpddjx historical prices to predict the future Fpddjx's volatility.| Risk Adjusted Performance | 0.8085 | |||
| Jensen Alpha | 0.4355 | |||
| Total Risk Alpha | 0.4261 | |||
| Treynor Ratio | 6.54 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fpddjx'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.
Fpddjx Backtested Returns
Fpddjx appears to be very steady, given 3 months investment horizon. Fpddjx secures Sharpe Ratio (or Efficiency) of 0.98, which denotes the fund had a 0.98 % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Fpddjx, which you can use to evaluate the volatility of the entity. Please utilize Fpddjx's Variance of 0.2091, standard deviation of 0.4573, and Mean Deviation of 0.3746 to check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 0.0668, which means not very significant fluctuations relative to the market. As returns on the market increase, Fpddjx's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fpddjx is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
Fpddjx has no correlation between past and present. Overlapping area represents the amount of predictability between Fpddjx time series from 26th of January 2024 to 24th of July 2024 and 24th of July 2024 to 20th 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 Fpddjx price movement. The serial correlation of 0.0 indicates that just 0.0% of current Fpddjx 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 |
Fpddjx lagged returns against current returns
Autocorrelation, which is Fpddjx 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 Fpddjx's fund expected returns. We can calculate the autocorrelation of Fpddjx returns to help us make a trade decision. For example, suppose you find that Fpddjx has exhibited high autocorrelation historically, and you observe that the 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 |
Fpddjx 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 Fpddjx fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fpddjx fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fpddjx fund over time.
Current vs Lagged Prices |
| Timeline |
Fpddjx Lagged Returns
When evaluating Fpddjx's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fpddjx fund have on its future price. Fpddjx 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, Fpddjx autocorrelation shows the relationship between Fpddjx fund current value and its past values and can show if there is a momentum factor associated with investing in Fpddjx.
Regressed Prices |
| Timeline |
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