Locorr Market Trend Fund Market Value
| LOTCX Fund | USD 10.81 0.05 0.46% |
| Symbol | Locorr |
Locorr Market '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 Market'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 Market.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Locorr Market on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Locorr Market Trend or generate 0.0% return on investment in Locorr Market over 180 days. Locorr Market is related to or competes with Pimco Trends, HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, High-yield Municipal, and Via Renewables. The fund seeks to achieve its investment objectives by allocating its assets using two principal strategies Market Trend... More
Locorr Market 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 Market'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 Market Trend upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 4.17 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 1.09 |
Locorr Market Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Locorr Market's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Locorr Market's standard deviation. In reality, there are many statistical measures that can use Locorr Market historical prices to predict the future Locorr Market's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Locorr Market'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 Market Trend Backtested Returns
Locorr Market Trend has Sharpe Ratio of -0.004, which conveys that the entity had a -0.004% return per unit of risk over the last 3 months. Locorr Market exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Locorr Market's Mean Deviation of 0.6363, risk adjusted performance of (0.01), and Standard Deviation of 0.8563 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.7, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Locorr Market's returns are expected to increase less than the market. However, during the bear market, the loss of holding Locorr Market is expected to be smaller as well.
Auto-correlation | 0.34 |
Below average predictability
Locorr Market Trend has below average predictability. Overlapping area represents the amount of predictability between Locorr Market time series from 31st of May 2024 to 29th of August 2024 and 29th of August 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 Market Trend price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Locorr Market price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Locorr Market Trend lagged returns against current returns
Autocorrelation, which is Locorr Market 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 Market's mutual fund expected returns. We can calculate the autocorrelation of Locorr Market returns to help us make a trade decision. For example, suppose you find that Locorr Market 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 Market 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 Market mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Locorr Market 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 Market mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Locorr Market Lagged Returns
When evaluating Locorr Market's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Locorr Market mutual fund have on its future price. Locorr Market 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 Market autocorrelation shows the relationship between Locorr Market mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Locorr Market Trend.
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 Market 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 Market security.
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