Alpsred Rocks Listed Fund Market Value
| LPEFX Fund | USD 6.66 0.04 0.60% |
| Symbol | Alpsred |
Alpsred Rocks '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 Alpsred Rocks' 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 Alpsred Rocks.
| 12/22/2024 |
| 01/21/2025 |
If you would invest 0.00 in Alpsred Rocks on December 22, 2024 and sell it all today you would earn a total of 0.00 from holding Alpsred Rocks Listed or generate 0.0% return on investment in Alpsred Rocks over 30 days. Alpsred Rocks is related to or competes with Rivernorth, Wasatch International, Delaware Value, Tcw Relative, and Mfs International. The investment seeks to maximize total return, which consists of appreciation on its investments and a variable income s... More
Alpsred Rocks 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 Alpsred Rocks' 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 Alpsred Rocks Listed upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 6.85 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 1.07 |
Alpsred Rocks Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alpsred Rocks' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alpsred Rocks' standard deviation. In reality, there are many statistical measures that can use Alpsred Rocks historical prices to predict the future Alpsred Rocks' volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.02) |
Alpsred Rocks Listed Backtested Returns
Alpsred Rocks Listed secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the fund had a close to zero % return per unit of risk over the last 3 months. Alpsred Rocks Listed exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alpsred Rocks' insignificant Risk Adjusted Performance, standard deviation of 1.04, and Mean Deviation of 0.7039 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.74, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alpsred Rocks' returns are expected to increase less than the market. However, during the bear market, the loss of holding Alpsred Rocks is expected to be smaller as well.
Auto-correlation | 0.28 |
Poor predictability
Alpsred Rocks Listed has poor predictability. Overlapping area represents the amount of predictability between Alpsred Rocks time series from 22nd of December 2024 to 6th of January 2025 and 6th of January 2025 to 21st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Alpsred Rocks Listed price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Alpsred Rocks price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Alpsred Rocks Listed lagged returns against current returns
Autocorrelation, which is Alpsred Rocks 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 Alpsred Rocks' mutual fund expected returns. We can calculate the autocorrelation of Alpsred Rocks returns to help us make a trade decision. For example, suppose you find that Alpsred Rocks 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 |
Alpsred Rocks 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 Alpsred Rocks mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alpsred Rocks mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alpsred Rocks mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Alpsred Rocks Lagged Returns
When evaluating Alpsred Rocks' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alpsred Rocks mutual fund have on its future price. Alpsred Rocks 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, Alpsred Rocks autocorrelation shows the relationship between Alpsred Rocks mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Alpsred Rocks Listed.
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 Alpsred Mutual Fund
Alpsred Rocks financial ratios help investors to determine whether Alpsred 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 Alpsred with respect to the benefits of owning Alpsred Rocks security.
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