Environment And Alternative Fund Market Value
| FSLEX Fund | USD 40.81 0.55 1.37% |
| Symbol | Environment |
Environment '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 Environment'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 Environment.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Environment on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Environment And Alternative or generate 0.0% return on investment in Environment over 180 days. Environment is related to or competes with Automotive Portfolio, Consumer Discretionary, Insurance Portfolio, Leisure Portfolio, and Transportation Portfolio. The fund normally invests at least 80 percent of assets in securities of companies principally engaged in business activ... More
Environment 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 Environment'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 Environment And Alternative upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.17 | |||
| Information Ratio | 0.017 | |||
| Maximum Drawdown | 4.99 | |||
| Value At Risk | (1.92) | |||
| Potential Upside | 1.75 |
Environment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Environment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Environment's standard deviation. In reality, there are many statistical measures that can use Environment historical prices to predict the future Environment's volatility.| Risk Adjusted Performance | 0.1066 | |||
| Jensen Alpha | 0.1374 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0157 | |||
| Treynor Ratio | (41.53) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Environment'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.
Environment And Alte Backtested Returns
At this stage we consider Environment Mutual Fund to be very steady. Environment And Alte secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the fund had a 0.14% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Environment And Alternative, which you can use to evaluate the volatility of the entity. Please confirm Environment's Downside Deviation of 1.17, mean deviation of 0.8362, and Coefficient Of Variation of 737.46 to check if the risk estimate we provide is consistent with the expected return of 0.15%. The fund shows a Beta (market volatility) of -0.0033, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Environment are expected to decrease at a much lower rate. During the bear market, Environment is likely to outperform the market.
Auto-correlation | 0.42 |
Average predictability
Environment And Alternative has average predictability. Overlapping area represents the amount of predictability between Environment time series from 30th of May 2024 to 28th of August 2024 and 28th of August 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 Environment And Alte price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Environment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.98 |
Environment And Alte lagged returns against current returns
Autocorrelation, which is Environment 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 Environment's mutual fund expected returns. We can calculate the autocorrelation of Environment returns to help us make a trade decision. For example, suppose you find that Environment 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 |
Environment 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 Environment mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Environment mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Environment mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Environment Lagged Returns
When evaluating Environment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Environment mutual fund have on its future price. Environment 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, Environment autocorrelation shows the relationship between Environment mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Environment And Alternative.
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 Environment Mutual Fund
Environment financial ratios help investors to determine whether Environment 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 Environment with respect to the benefits of owning Environment security.
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities |