Alternative Asset Allocation Fund Market Value
| JAAIX Fund | USD 16.17 0.06 0.37% |
| Symbol | Alternative |
Alternative Asset '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 Alternative Asset'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 Alternative Asset.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Alternative Asset on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Alternative Asset Allocation or generate 0.0% return on investment in Alternative Asset over 720 days. Alternative Asset is related to or competes with Mfs International, Invesco Balanced-risk, Morningstar Unconstrained, Thrivent High, Via Renewables, T Rowe, and 70082LAB3. The fund allocates its assets among other affiliated and unaffiliated underlying funds, including exchange-traded funds , that emphasize alternative or nontraditional asset categories or investment strategies such as international small-cap stocks, emerging-market equity, commodities, market neutral , global real estate, natural resources, TIPS , global bonds, high yield, bank loans, foreign currency trading strategies, absolute return strategies, managed futures, arbitrage strategies, tactical investment strategies, and emerging-market debt. More
Alternative Asset 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 Alternative Asset'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 Alternative Asset Allocation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.219 | |||
| Information Ratio | (0.53) | |||
| Maximum Drawdown | 0.875 | |||
| Value At Risk | (0.31) | |||
| Potential Upside | 0.3745 |
Alternative Asset Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alternative Asset's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alternative Asset's standard deviation. In reality, there are many statistical measures that can use Alternative Asset historical prices to predict the future Alternative Asset's volatility.| Risk Adjusted Performance | 0.0676 | |||
| Jensen Alpha | 0.0132 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.47) | |||
| Treynor Ratio | 1.12 |
Alternative Asset Backtested Returns
At this stage we consider Alternative Mutual Fund to be very steady. Alternative Asset secures Sharpe Ratio (or Efficiency) of 0.0985, which signifies that the fund had a 0.0985% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Alternative Asset Allocation, which you can use to evaluate the volatility of the entity. Please confirm Alternative Asset's Downside Deviation of 0.219, mean deviation of 0.1462, and Risk Adjusted Performance of 0.0676 to double-check if the risk estimate we provide is consistent with the expected return of 0.02%. The fund shows a Beta (market volatility) of 0.0132, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Alternative Asset's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alternative Asset is expected to be smaller as well.
Auto-correlation | 0.79 |
Good predictability
Alternative Asset Allocation has good predictability. Overlapping area represents the amount of predictability between Alternative Asset time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Alternative Asset price movement. The serial correlation of 0.79 indicates that around 79.0% of current Alternative Asset price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Alternative Asset lagged returns against current returns
Autocorrelation, which is Alternative Asset 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 Alternative Asset's mutual fund expected returns. We can calculate the autocorrelation of Alternative Asset returns to help us make a trade decision. For example, suppose you find that Alternative Asset 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 |
Alternative Asset 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 Alternative Asset mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alternative Asset mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alternative Asset mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Alternative Asset Lagged Returns
When evaluating Alternative Asset's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alternative Asset mutual fund have on its future price. Alternative Asset 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, Alternative Asset autocorrelation shows the relationship between Alternative Asset mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Alternative Asset Allocation.
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 Alternative Mutual Fund
Alternative Asset financial ratios help investors to determine whether Alternative 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 Alternative with respect to the benefits of owning Alternative Asset security.
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