Immofonds (Switzerland) Market Value
| IM Fund | CHF 588.00 6.00 1.03% |
| Symbol | Immofonds |
Please note, there is a significant difference between Immofonds' value and its price as these two are different measures arrived at by different means. Investors typically determine if Immofonds is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Immofonds' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Immofonds '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 Immofonds' 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 Immofonds.
| 06/21/2024 |
| 12/18/2024 |
If you would invest 0.00 in Immofonds on June 21, 2024 and sell it all today you would earn a total of 0.00 from holding Immofonds or generate 0.0% return on investment in Immofonds over 180 days. More
Immofonds 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 Immofonds' 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 Immofonds upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7938 | |||
| Information Ratio | 0.1725 | |||
| Maximum Drawdown | 3.25 | |||
| Value At Risk | (0.71) | |||
| Potential Upside | 1.14 |
Immofonds Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Immofonds' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Immofonds' standard deviation. In reality, there are many statistical measures that can use Immofonds historical prices to predict the future Immofonds' volatility.| Risk Adjusted Performance | 0.1977 | |||
| Jensen Alpha | 0.1799 | |||
| Total Risk Alpha | 0.1196 | |||
| Sortino Ratio | 0.1449 | |||
| Treynor Ratio | (1.40) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Immofonds' 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.
Immofonds Backtested Returns
At this stage we consider Immofonds Fund to be very steady. Immofonds holds Efficiency (Sharpe) Ratio of 0.29, which attests that the entity had a 0.29% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Immofonds, which you can use to evaluate the volatility of the entity. Please check out Immofonds' Downside Deviation of 0.7938, risk adjusted performance of 0.1977, and Market Risk Adjusted Performance of (1.39) to validate if the risk estimate we provide is consistent with the expected return of 0.19%. The fund retains a Market Volatility (i.e., Beta) of -0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Immofonds are expected to decrease at a much lower rate. During the bear market, Immofonds is likely to outperform the market.
Auto-correlation | 0.11 |
Insignificant predictability
Immofonds has insignificant predictability. Overlapping area represents the amount of predictability between Immofonds time series from 21st of June 2024 to 19th of September 2024 and 19th of September 2024 to 18th 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 Immofonds price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Immofonds price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 319.62 |
Immofonds lagged returns against current returns
Autocorrelation, which is Immofonds 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 Immofonds' fund expected returns. We can calculate the autocorrelation of Immofonds returns to help us make a trade decision. For example, suppose you find that Immofonds 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 |
Immofonds 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 Immofonds fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Immofonds fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Immofonds fund over time.
Current vs Lagged Prices |
| Timeline |
Immofonds Lagged Returns
When evaluating Immofonds' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Immofonds fund have on its future price. Immofonds 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, Immofonds autocorrelation shows the relationship between Immofonds fund current value and its past values and can show if there is a momentum factor associated with investing in Immofonds.
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 Immofonds Fund
Immofonds financial ratios help investors to determine whether Immofonds 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 Immofonds with respect to the benefits of owning Immofonds security.
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