Intrepid Income Fund Market Value
| ICMUX Fund | USD 9.05 0.04 0.44% |
| Symbol | INTREPID |
Intrepid 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 Intrepid 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 Intrepid Income.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Intrepid Income on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Intrepid Income Fund or generate 0.0% return on investment in Intrepid Income over 180 days. Intrepid Income is related to or competes with Intrepid Capital, Intrepid Endurance, Intrepid Endurance, and Intrepid Capital. The fund primarily invests in a diversified portfolio of fixed-income securities More
Intrepid 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 Intrepid 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 Intrepid Income Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1881 | |||
| Information Ratio | (0.90) | |||
| Maximum Drawdown | 0.5571 | |||
| Value At Risk | (0.11) | |||
| Potential Upside | 0.2232 |
Intrepid Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Intrepid Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Intrepid Income's standard deviation. In reality, there are many statistical measures that can use Intrepid Income historical prices to predict the future Intrepid Income's volatility.| Risk Adjusted Performance | 0.1293 | |||
| Jensen Alpha | 0.011 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.58) | |||
| Treynor Ratio | 0.3068 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Intrepid 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.
Intrepid Income Backtested Returns
At this stage we consider INTREPID Mutual Fund to be very steady. Intrepid Income holds Efficiency (Sharpe) Ratio of 0.24, which attests that the entity had a 0.24% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Intrepid Income, which you can use to evaluate the volatility of the entity. Please check out Intrepid Income's Risk Adjusted Performance of 0.1293, market risk adjusted performance of 0.3168, and Coefficient Of Variation of 418.31 to validate if the risk estimate we provide is consistent with the expected return of 0.0297%. The fund retains a Market Volatility (i.e., Beta) of 0.0613, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Intrepid Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Intrepid Income is expected to be smaller as well.
Auto-correlation | 0.92 |
Excellent predictability
Intrepid Income Fund has excellent predictability. Overlapping area represents the amount of predictability between Intrepid Income time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Intrepid Income price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current Intrepid Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.92 | |
| Spearman Rank Test | 0.96 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Intrepid Income lagged returns against current returns
Autocorrelation, which is Intrepid 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 Intrepid Income's mutual fund expected returns. We can calculate the autocorrelation of Intrepid Income returns to help us make a trade decision. For example, suppose you find that Intrepid 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 |
Intrepid 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 Intrepid Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Intrepid 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 Intrepid Income mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Intrepid Income Lagged Returns
When evaluating Intrepid Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Intrepid Income mutual fund have on its future price. Intrepid 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, Intrepid Income autocorrelation shows the relationship between Intrepid Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Intrepid Income Fund.
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 INTREPID Mutual Fund
Intrepid Income financial ratios help investors to determine whether INTREPID 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 INTREPID with respect to the benefits of owning Intrepid Income security.
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