Chemicals Portfolio Chemicals Fund Market Value
| FSCHX Fund | USD 15.57 0.07 0.45% |
| Symbol | CHEMICALS |
Chemicals 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 Chemicals 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 Chemicals Portfolio.
| 04/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Chemicals Portfolio on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding Chemicals Portfolio Chemicals or generate 0.0% return on investment in Chemicals Portfolio over 240 days. Chemicals Portfolio is related to or competes with Materials Portfolio, Transportation Portfolio, Construction And, Automotive Portfolio, and Industrials Portfolio. The fund invests primarily in common stocks More
Chemicals 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 Chemicals 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 Chemicals Portfolio Chemicals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9385 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 4.39 | |||
| Value At Risk | (1.50) | |||
| Potential Upside | 1.42 |
Chemicals Portfolio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chemicals Portfolio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chemicals Portfolio's standard deviation. In reality, there are many statistical measures that can use Chemicals Portfolio historical prices to predict the future Chemicals Portfolio's volatility.| Risk Adjusted Performance | 0.0329 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.0343 |
Chemicals Portfolio Backtested Returns
At this stage we consider CHEMICALS Mutual Fund to be very steady. Chemicals Portfolio secures Sharpe Ratio (or Efficiency) of 0.0576, which signifies that the fund had a 0.0576% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Chemicals Portfolio Chemicals, which you can use to evaluate the volatility of the entity. Please confirm Chemicals Portfolio's risk adjusted performance of 0.0329, and Mean Deviation of 0.742 to double-check if the risk estimate we provide is consistent with the expected return of 0.0507%. The fund shows a Beta (market volatility) of 0.81, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Chemicals Portfolio's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chemicals Portfolio is expected to be smaller as well.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Chemicals Portfolio Chemicals has insignificant reverse predictability. Overlapping area represents the amount of predictability between Chemicals Portfolio time series from 6th of April 2024 to 4th of August 2024 and 4th of August 2024 to 2nd of December 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 Chemicals Portfolio price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Chemicals Portfolio price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Chemicals Portfolio lagged returns against current returns
Autocorrelation, which is Chemicals 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 Chemicals Portfolio's mutual fund expected returns. We can calculate the autocorrelation of Chemicals Portfolio returns to help us make a trade decision. For example, suppose you find that Chemicals 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 |
Chemicals 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 Chemicals Portfolio mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chemicals 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 Chemicals Portfolio mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Chemicals Portfolio Lagged Returns
When evaluating Chemicals Portfolio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chemicals Portfolio mutual fund have on its future price. Chemicals 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, Chemicals Portfolio autocorrelation shows the relationship between Chemicals Portfolio mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Chemicals Portfolio Chemicals.
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 CHEMICALS Mutual Fund
Chemicals Portfolio financial ratios help investors to determine whether CHEMICALS 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 CHEMICALS with respect to the benefits of owning Chemicals Portfolio security.
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