Fzdaqx Fund Market Value
| FZDAQX Fund | 9.76 0.01 0.10% |
| Symbol | Fzdaqx |
Fzdaqx '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 Fzdaqx'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 Fzdaqx.
| 01/03/2025 |
| 02/02/2025 |
If you would invest 0.00 in Fzdaqx on January 3, 2025 and sell it all today you would earn a total of 0.00 from holding Fzdaqx or generate 0.0% return on investment in Fzdaqx over 30 days.
Fzdaqx 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 Fzdaqx'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 Fzdaqx upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3191 | |||
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 0.8215 | |||
| Value At Risk | (0.21) | |||
| Potential Upside | 0.2056 |
Fzdaqx Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fzdaqx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fzdaqx's standard deviation. In reality, there are many statistical measures that can use Fzdaqx historical prices to predict the future Fzdaqx's volatility.| Risk Adjusted Performance | 0.0221 | |||
| Jensen Alpha | (0.0003) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.21) | |||
| Treynor Ratio | 0.0621 |
Fzdaqx Backtested Returns
At this stage we consider Fzdaqx Fund to be very steady. Fzdaqx secures Sharpe Ratio (or Efficiency) of 0.0607, which denotes the fund had a 0.0607 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Fzdaqx, which you can use to evaluate the volatility of the entity. Please confirm Fzdaqx's Coefficient Of Variation of 1616.39, mean deviation of 0.1327, and Downside Deviation of 0.3191 to check if the risk estimate we provide is consistent with the expected return of 0.0125%. The fund shows a Beta (market volatility) of 0.049, which means not very significant fluctuations relative to the market. As returns on the market increase, Fzdaqx's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fzdaqx is expected to be smaller as well.
Auto-correlation | -0.23 |
Weak reverse predictability
Fzdaqx has weak reverse predictability. Overlapping area represents the amount of predictability between Fzdaqx time series from 3rd of January 2025 to 18th of January 2025 and 18th of January 2025 to 2nd of February 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 Fzdaqx price movement. The serial correlation of -0.23 indicates that over 23.0% of current Fzdaqx price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fzdaqx lagged returns against current returns
Autocorrelation, which is Fzdaqx 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 Fzdaqx's fund expected returns. We can calculate the autocorrelation of Fzdaqx returns to help us make a trade decision. For example, suppose you find that Fzdaqx 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 |
Fzdaqx 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 Fzdaqx fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fzdaqx fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fzdaqx fund over time.
Current vs Lagged Prices |
| Timeline |
Fzdaqx Lagged Returns
When evaluating Fzdaqx's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fzdaqx fund have on its future price. Fzdaqx 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, Fzdaqx autocorrelation shows the relationship between Fzdaqx fund current value and its past values and can show if there is a momentum factor associated with investing in Fzdaqx.
Regressed Prices |
| Timeline |
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