Alphacentric Lifesci Healthcare Fund Market Value
| LYFCX Fund | USD 13.06 0.05 0.38% |
| Symbol | Alphacentric |
Alphacentric Lifesci '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 Alphacentric Lifesci'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 Alphacentric Lifesci.
| 08/02/2023 |
| 11/24/2024 |
If you would invest 0.00 in Alphacentric Lifesci on August 2, 2023 and sell it all today you would earn a total of 0.00 from holding Alphacentric Lifesci Healthcare or generate 0.0% return on investment in Alphacentric Lifesci over 480 days. Alphacentric Lifesci is related to or competes with Alphacentric Lifesci, Alphacentric Income, Alphacentric Income, Alphacentric Income, Alphacentric Hedged, Alphacentric Hedged, and Alphacentric Strategic. Under normal market conditions, the fund invests at least 80 percent of its net assets plus borrowings for investment purposes in the securities of companies in the life sciences and healthcare sectors, which the managers define to be the category of companies related to producing or supplying facilities, supplies, technology, pharmaceuticals, equipment, devices or services for the preservation and care of a persons or animals health. More
Alphacentric Lifesci 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 Alphacentric Lifesci'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 Alphacentric Lifesci Healthcare upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 3.68 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 1.17 |
Alphacentric Lifesci Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alphacentric Lifesci's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alphacentric Lifesci's standard deviation. In reality, there are many statistical measures that can use Alphacentric Lifesci historical prices to predict the future Alphacentric Lifesci's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alphacentric Lifesci'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.
Alphacentric Lifesci Backtested Returns
Alphacentric Lifesci secures Sharpe Ratio (or Efficiency) of -0.0872, which signifies that the fund had a -0.0872% return per unit of risk over the last 3 months. Alphacentric Lifesci Healthcare exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alphacentric Lifesci's Standard Deviation of 0.8346, mean deviation of 0.6556, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.63, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alphacentric Lifesci's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alphacentric Lifesci is expected to be smaller as well.
Auto-correlation | -0.25 |
Weak reverse predictability
Alphacentric Lifesci Healthcare has weak reverse predictability. Overlapping area represents the amount of predictability between Alphacentric Lifesci time series from 2nd of August 2023 to 29th of March 2024 and 29th of March 2024 to 24th 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 Alphacentric Lifesci price movement. The serial correlation of -0.25 indicates that over 25.0% of current Alphacentric Lifesci price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.58 |
Alphacentric Lifesci lagged returns against current returns
Autocorrelation, which is Alphacentric Lifesci 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 Alphacentric Lifesci's mutual fund expected returns. We can calculate the autocorrelation of Alphacentric Lifesci returns to help us make a trade decision. For example, suppose you find that Alphacentric Lifesci 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 |
Alphacentric Lifesci 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 Alphacentric Lifesci mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alphacentric Lifesci mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alphacentric Lifesci mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Alphacentric Lifesci Lagged Returns
When evaluating Alphacentric Lifesci's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alphacentric Lifesci mutual fund have on its future price. Alphacentric Lifesci 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, Alphacentric Lifesci autocorrelation shows the relationship between Alphacentric Lifesci mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Alphacentric Lifesci Healthcare.
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 Alphacentric Mutual Fund
Alphacentric Lifesci financial ratios help investors to determine whether Alphacentric 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 Alphacentric with respect to the benefits of owning Alphacentric Lifesci security.
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