Consumer Discretionary Portfolio Fund Market Value
| FSCPX Fund | USD 69.69 1.01 1.47% |
| Symbol | Consumer |
Consumer Discretionary '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 Consumer Discretionary'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 Consumer Discretionary.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Consumer Discretionary on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Consumer Discretionary Portfolio or generate 0.0% return on investment in Consumer Discretionary over 90 days. Consumer Discretionary is related to or competes with Industrials Portfolio, Automotive Portfolio, Leisure Portfolio, Multimedia Portfolio, and Construction. The fund invests primarily in common stocks More
Consumer Discretionary 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 Consumer Discretionary'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 Consumer Discretionary Portfolio upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.03 | |||
| Information Ratio | 0.0778 | |||
| Maximum Drawdown | 4.61 | |||
| Value At Risk | (1.67) | |||
| Potential Upside | 2.0 |
Consumer Discretionary Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Consumer Discretionary's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Consumer Discretionary's standard deviation. In reality, there are many statistical measures that can use Consumer Discretionary historical prices to predict the future Consumer Discretionary's volatility.| Risk Adjusted Performance | 0.1515 | |||
| Jensen Alpha | 0.2175 | |||
| Total Risk Alpha | 0.0331 | |||
| Sortino Ratio | 0.0831 | |||
| Treynor Ratio | (1.86) |
Consumer Discretionary Backtested Returns
Consumer Discretionary appears to be very steady, given 3 months investment horizon. Consumer Discretionary secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the fund had a 0.21% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Consumer Discretionary Portfolio, which you can use to evaluate the volatility of the entity. Please makes use of Consumer Discretionary's Mean Deviation of 0.8809, downside deviation of 1.03, and Risk Adjusted Performance of 0.1515 to double-check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of -0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Consumer Discretionary are expected to decrease at a much lower rate. During the bear market, Consumer Discretionary is likely to outperform the market.
Auto-correlation | 0.76 |
Good predictability
Consumer Discretionary Portfolio has good predictability. Overlapping area represents the amount of predictability between Consumer Discretionary time series from 28th of August 2024 to 12th of October 2024 and 12th 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 Consumer Discretionary price movement. The serial correlation of 0.76 indicates that around 76.0% of current Consumer Discretionary price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 5.27 |
Consumer Discretionary lagged returns against current returns
Autocorrelation, which is Consumer Discretionary 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 Consumer Discretionary's mutual fund expected returns. We can calculate the autocorrelation of Consumer Discretionary returns to help us make a trade decision. For example, suppose you find that Consumer Discretionary 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 |
Consumer Discretionary 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 Consumer Discretionary mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Consumer Discretionary mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Consumer Discretionary mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Consumer Discretionary Lagged Returns
When evaluating Consumer Discretionary's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Consumer Discretionary mutual fund have on its future price. Consumer Discretionary 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, Consumer Discretionary autocorrelation shows the relationship between Consumer Discretionary mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Consumer Discretionary Portfolio.
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 Consumer Mutual Fund
Consumer Discretionary financial ratios help investors to determine whether Consumer 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 Consumer with respect to the benefits of owning Consumer Discretionary security.
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