Fixed Income Shares Fund Market Value
| FXICX Fund | USD 9.06 0.04 0.44% |
| Symbol | Fixed |
Fixed Income '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 Fixed Income'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 Fixed Income.
| 09/09/2023 |
| 12/02/2024 |
If you would invest 0.00 in Fixed Income on September 9, 2023 and sell it all today you would earn a total of 0.00 from holding Fixed Income Shares or generate 0.0% return on investment in Fixed Income over 450 days. Fixed Income is related to or competes with HUMANA, Barloworld, Morningstar Unconstrained, High-yield Municipal, Thrivent High, Via Renewables, and American Century. The fund seeks to achieve its investment objective by normally investing substantially all of its net assets in a portfo... More
Fixed Income 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 Fixed Income'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 Fixed Income Shares upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3486 | |||
| Information Ratio | (0.41) | |||
| Maximum Drawdown | 1.57 | |||
| Value At Risk | (0.56) | |||
| Potential Upside | 0.4435 |
Fixed Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fixed Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fixed Income's standard deviation. In reality, there are many statistical measures that can use Fixed Income historical prices to predict the future Fixed Income's volatility.| Risk Adjusted Performance | (0.0005) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.38) | |||
| Treynor Ratio | 0.2518 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fixed Income'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.
Fixed Income Shares Backtested Returns
At this stage we consider Fixed Mutual Fund to be very steady. Fixed Income Shares secures Sharpe Ratio (or Efficiency) of 0.0016, which denotes the fund had a 0.0016% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Fixed Income Shares, which you can use to evaluate the volatility of the entity. Please confirm Fixed Income's Mean Deviation of 0.2437, downside deviation of 0.3486, and Coefficient Of Variation of 5847.66 to check if the risk estimate we provide is consistent with the expected return of 5.0E-4%. The fund shows a Beta (market volatility) of -0.0177, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fixed Income are expected to decrease at a much lower rate. During the bear market, Fixed Income is likely to outperform the market.
Auto-correlation | 0.84 |
Very good predictability
Fixed Income Shares has very good predictability. Overlapping area represents the amount of predictability between Fixed Income time series from 9th of September 2023 to 21st of April 2024 and 21st of April 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 Fixed Income Shares price movement. The serial correlation of 0.84 indicates that around 84.0% of current Fixed Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Fixed Income Shares lagged returns against current returns
Autocorrelation, which is Fixed Income 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 Fixed Income's mutual fund expected returns. We can calculate the autocorrelation of Fixed Income returns to help us make a trade decision. For example, suppose you find that Fixed Income 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 |
Fixed Income 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 Fixed Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fixed Income mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fixed Income mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fixed Income Lagged Returns
When evaluating Fixed Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fixed Income mutual fund have on its future price. Fixed Income 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, Fixed Income autocorrelation shows the relationship between Fixed Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fixed Income Shares.
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 Fixed Mutual Fund
Fixed Income financial ratios help investors to determine whether Fixed 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 Fixed with respect to the benefits of owning Fixed Income security.
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