Fs Multi Strategy Alt Fund Market Value
| FSMMX Fund | USD 11.27 0.03 0.27% |
| Symbol | FSMMX |
Fs Multi-strategy '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 Fs Multi-strategy'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 Fs Multi-strategy.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Fs Multi-strategy on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Fs Multi Strategy Alt or generate 0.0% return on investment in Fs Multi-strategy over 720 days. Fs Multi-strategy is related to or competes with Franklin Moderate, Lifestyle, Pro-blend(r) Moderate, American Funds, Transamerica Cleartrack, Hartford Moderate, and Target Retirement. The fund seeks to achieve its investment objective by actively allocating its assets across a broad spectrum of alternat... More
Fs Multi-strategy 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 Fs Multi-strategy'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 Fs Multi Strategy Alt upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1942 | |||
| Information Ratio | (0.69) | |||
| Maximum Drawdown | 0.8027 | |||
| Value At Risk | (0.27) | |||
| Potential Upside | 0.3568 |
Fs Multi-strategy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fs Multi-strategy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fs Multi-strategy's standard deviation. In reality, there are many statistical measures that can use Fs Multi-strategy historical prices to predict the future Fs Multi-strategy's volatility.| Risk Adjusted Performance | 0.0141 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.62) | |||
| Treynor Ratio | 0.0109 |
Fs Multi Strategy Backtested Returns
At this stage we consider FSMMX Mutual Fund to be very steady. Fs Multi Strategy retains Efficiency (Sharpe Ratio) of 0.0893, which denotes the fund had a 0.0893% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for Fs Multi-strategy, which you can use to evaluate the volatility of the entity. Please confirm Fs Multi-strategy's Downside Deviation of 0.1942, standard deviation of 0.1741, and Market Risk Adjusted Performance of 0.0209 to check if the risk estimate we provide is consistent with the expected return of 0.0157%. The fund owns a Beta (Systematic Risk) of 0.0863, which means not very significant fluctuations relative to the market. As returns on the market increase, Fs Multi-strategy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fs Multi-strategy is expected to be smaller as well.
Auto-correlation | 0.75 |
Good predictability
Fs Multi Strategy Alt has good predictability. Overlapping area represents the amount of predictability between Fs Multi-strategy time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Fs Multi Strategy price movement. The serial correlation of 0.75 indicates that around 75.0% of current Fs Multi-strategy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Fs Multi Strategy lagged returns against current returns
Autocorrelation, which is Fs Multi-strategy 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 Fs Multi-strategy's mutual fund expected returns. We can calculate the autocorrelation of Fs Multi-strategy returns to help us make a trade decision. For example, suppose you find that Fs Multi-strategy 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 |
Fs Multi-strategy 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 Fs Multi-strategy mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fs Multi-strategy mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fs Multi-strategy mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fs Multi-strategy Lagged Returns
When evaluating Fs Multi-strategy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fs Multi-strategy mutual fund have on its future price. Fs Multi-strategy 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, Fs Multi-strategy autocorrelation shows the relationship between Fs Multi-strategy mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fs Multi Strategy Alt.
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 FSMMX Mutual Fund
Fs Multi-strategy financial ratios help investors to determine whether FSMMX 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 FSMMX with respect to the benefits of owning Fs Multi-strategy security.
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