Construction And Housing Fund Market Value
| FSHOX Fund | USD 134.99 3.59 2.59% |
| Symbol | Construction |
Construction '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 Construction'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 Construction.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Construction on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Construction And Housing or generate 0.0% return on investment in Construction over 30 days. Construction is related to or competes with Automotive Portfolio, Consumer Discretionary, Insurance Portfolio, Consumer Finance, and Transportation Portfolio. The fund normally invests at least 80 percent of assets in securities of companies principally engaged in the design and... More
Construction 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 Construction'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 Construction And Housing upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9044 | |||
| Information Ratio | 0.0388 | |||
| Maximum Drawdown | 5.5 | |||
| Value At Risk | (1.58) | |||
| Potential Upside | 1.96 |
Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Construction's standard deviation. In reality, there are many statistical measures that can use Construction historical prices to predict the future Construction's volatility.| Risk Adjusted Performance | 0.1298 | |||
| Jensen Alpha | 0.1244 | |||
| Total Risk Alpha | 0.0015 | |||
| Sortino Ratio | 0.0431 | |||
| Treynor Ratio | 0.5629 |
Construction And Housing Backtested Returns
At this stage we consider Construction Mutual Fund to be very steady. Construction And Housing secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the fund had a 0.16% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Construction And Housing, which you can use to evaluate the volatility of the entity. Please confirm Construction's Mean Deviation of 0.7899, downside deviation of 0.9044, and Risk Adjusted Performance of 0.1298 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. The fund shows a Beta (market volatility) of 0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Construction's returns are expected to increase less than the market. However, during the bear market, the loss of holding Construction is expected to be smaller as well.
Auto-correlation | 0.74 |
Good predictability
Construction And Housing has good predictability. Overlapping area represents the amount of predictability between Construction time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Construction And Housing price movement. The serial correlation of 0.74 indicates that around 74.0% of current Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 4.28 |
Construction And Housing lagged returns against current returns
Autocorrelation, which is Construction 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 Construction's mutual fund expected returns. We can calculate the autocorrelation of Construction returns to help us make a trade decision. For example, suppose you find that Construction 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 |
Construction 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 Construction mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Construction mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Construction mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Construction Lagged Returns
When evaluating Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Construction mutual fund have on its future price. Construction 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, Construction autocorrelation shows the relationship between Construction mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Construction And Housing.
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 Construction Mutual Fund
Construction financial ratios help investors to determine whether Construction 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 Construction with respect to the benefits of owning Construction security.
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