Locorr Longshort Modities Fund Market Value
| LCSCX Fund | USD 8.61 0.01 0.12% |
| Symbol | Locorr |
Locorr Long/short '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 Locorr Long/short'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 Locorr Long/short.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Locorr Long/short on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Locorr Longshort Modities or generate 0.0% return on investment in Locorr Long/short over 30 days. Locorr Long/short is related to or competes with Locorr Market, Locorr Market, Locorr Market, Locorr Spectrum, Locorr Spectrum, Locorr Spectrum, and Locorr Longshort. The fund seeks to achieve its investment objectives by allocating its assets using two principal strategies Commodities ... More
Locorr Long/short 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 Locorr Long/short'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 Locorr Longshort Modities upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.53) | |||
| Maximum Drawdown | 1.79 | |||
| Value At Risk | (0.56) | |||
| Potential Upside | 0.4479 |
Locorr Long/short Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Locorr Long/short's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Locorr Long/short's standard deviation. In reality, there are many statistical measures that can use Locorr Long/short historical prices to predict the future Locorr Long/short's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (3.24) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Locorr Long/short'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.
Locorr Longshort Modities Backtested Returns
Locorr Longshort Modities has Sharpe Ratio of -0.19, which conveys that the entity had a -0.19% return per unit of risk over the last 3 months. Locorr Long/short exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Locorr Long/short's Mean Deviation of 0.2553, standard deviation of 0.3281, and Risk Adjusted Performance of (0.12) to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.0173, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Locorr Long/short's returns are expected to increase less than the market. However, during the bear market, the loss of holding Locorr Long/short is expected to be smaller as well.
Auto-correlation | -0.22 |
Weak reverse predictability
Locorr Longshort Modities has weak reverse predictability. Overlapping area represents the amount of predictability between Locorr Long/short time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 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 Locorr Longshort Modities price movement. The serial correlation of -0.22 indicates that over 22.0% of current Locorr Long/short price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Locorr Longshort Modities lagged returns against current returns
Autocorrelation, which is Locorr Long/short 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 Locorr Long/short's mutual fund expected returns. We can calculate the autocorrelation of Locorr Long/short returns to help us make a trade decision. For example, suppose you find that Locorr Long/short 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 |
Locorr Long/short 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 Locorr Long/short mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Locorr Long/short mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Locorr Long/short mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Locorr Long/short Lagged Returns
When evaluating Locorr Long/short's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Locorr Long/short mutual fund have on its future price. Locorr Long/short 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, Locorr Long/short autocorrelation shows the relationship between Locorr Long/short mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Locorr Longshort Modities.
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 Locorr Mutual Fund
Locorr Long/short financial ratios help investors to determine whether Locorr 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 Locorr with respect to the benefits of owning Locorr Long/short security.
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