Fxybjx Fund Market Value
| FXYBJX Fund | 10.52 0.04 0.38% |
| Symbol | Fxybjx |
Fxybjx '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 Fxybjx's 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 Fxybjx.
| 12/21/2024 |
| 01/20/2025 |
If you would invest 0.00 in Fxybjx on December 21, 2024 and sell it all today you would earn a total of 0.00 from holding Fxybjx or generate 0.0% return on investment in Fxybjx over 30 days.
Fxybjx 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 Fxybjx's 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 Fxybjx upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0422 | |||
| Maximum Drawdown | 1.53 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 1.16 |
Fxybjx Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fxybjx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fxybjx's standard deviation. In reality, there are many statistical measures that can use Fxybjx historical prices to predict the future Fxybjx's volatility.| Risk Adjusted Performance | 0.0667 | |||
| Jensen Alpha | 0.0515 | |||
| Total Risk Alpha | 0.034 | |||
| Treynor Ratio | 1.67 |
Fxybjx Backtested Returns
At this stage we consider Fxybjx Fund to be very steady. Fxybjx secures Sharpe Ratio (or Efficiency) of 0.0808, which denotes the fund had a 0.0808 % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Fxybjx, which you can use to evaluate the volatility of the entity. Please confirm Fxybjx's Variance of 0.5915, mean deviation of 0.484, and Standard Deviation of 0.7691 to check if the risk estimate we provide is consistent with the expected return of 0.0622%. The fund shows a Beta (market volatility) of 0.0313, which means not very significant fluctuations relative to the market. As returns on the market increase, Fxybjx's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fxybjx is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
Fxybjx has no correlation between past and present. Overlapping area represents the amount of predictability between Fxybjx time series from 21st of December 2024 to 5th of January 2025 and 5th of January 2025 to 20th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Fxybjx price movement. The serial correlation of 0.0 indicates that just 0.0% of current Fxybjx price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fxybjx lagged returns against current returns
Autocorrelation, which is Fxybjx 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 Fxybjx's fund expected returns. We can calculate the autocorrelation of Fxybjx returns to help us make a trade decision. For example, suppose you find that Fxybjx has exhibited high autocorrelation historically, and you observe that the 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 |
Fxybjx 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 Fxybjx fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fxybjx fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fxybjx fund over time.
Current vs Lagged Prices |
| Timeline |
Fxybjx Lagged Returns
When evaluating Fxybjx's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fxybjx fund have on its future price. Fxybjx 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, Fxybjx autocorrelation shows the relationship between Fxybjx fund current value and its past values and can show if there is a momentum factor associated with investing in Fxybjx.
Regressed Prices |
| Timeline |
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