Locorr Dynamic Equity Fund Market Value
| LEQCX Fund | USD 11.75 0.11 0.95% |
| Symbol | Locorr |
Locorr Dynamic '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 Dynamic'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 Dynamic.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Locorr Dynamic on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Locorr Dynamic Equity or generate 0.0% return on investment in Locorr Dynamic over 510 days. Locorr Dynamic is related to or competes with John Hancock, Gabelli Global, Prudential Jennison, and Financials Ultrasector. Under normal market conditions, the fund invests in long or short positions in equity securities of domestic and foreign... More
Locorr Dynamic 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 Dynamic'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 Dynamic Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4854 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 2.38 | |||
| Value At Risk | (0.73) | |||
| Potential Upside | 0.9149 |
Locorr Dynamic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Locorr Dynamic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Locorr Dynamic's standard deviation. In reality, there are many statistical measures that can use Locorr Dynamic historical prices to predict the future Locorr Dynamic's volatility.| Risk Adjusted Performance | 0.1602 | |||
| Jensen Alpha | 0.1037 | |||
| Total Risk Alpha | 0.0212 | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (4.31) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Locorr Dynamic'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 Dynamic Equity Backtested Returns
At this stage we consider Locorr Mutual Fund to be very steady. Locorr Dynamic Equity has Sharpe Ratio of 0.23, which conveys that the entity had a 0.23% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Locorr Dynamic, which you can use to evaluate the volatility of the fund. Please verify Locorr Dynamic's Mean Deviation of 0.4, downside deviation of 0.4854, and Risk Adjusted Performance of 0.1602 to check out if the risk estimate we provide is consistent with the expected return of 0.12%. The fund secures a Beta (Market Risk) of -0.0234, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Locorr Dynamic are expected to decrease at a much lower rate. During the bear market, Locorr Dynamic is likely to outperform the market.
Auto-correlation | 0.49 |
Average predictability
Locorr Dynamic Equity has average predictability. Overlapping area represents the amount of predictability between Locorr Dynamic time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Dynamic Equity price movement. The serial correlation of 0.49 indicates that about 49.0% of current Locorr Dynamic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Locorr Dynamic Equity lagged returns against current returns
Autocorrelation, which is Locorr Dynamic 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 Dynamic's mutual fund expected returns. We can calculate the autocorrelation of Locorr Dynamic returns to help us make a trade decision. For example, suppose you find that Locorr Dynamic 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 Dynamic 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 Dynamic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Locorr Dynamic 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 Dynamic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Locorr Dynamic Lagged Returns
When evaluating Locorr Dynamic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Locorr Dynamic mutual fund have on its future price. Locorr Dynamic 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 Dynamic autocorrelation shows the relationship between Locorr Dynamic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Locorr Dynamic Equity.
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 Dynamic 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 Dynamic security.
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