Madison Aggressive Allocation Fund Market Value
| MAGSX Fund | USD 12.28 0.06 0.49% |
| Symbol | Madison |
Madison Aggressive '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 Madison Aggressive'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 Madison Aggressive.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Madison Aggressive on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Madison Aggressive Allocation or generate 0.0% return on investment in Madison Aggressive over 360 days. Madison Aggressive is related to or competes with Madison Mid, Madison Moderate, Madison Moderate, Madison Investors, Madison Investors, Broadview Opportunity, and Madison Dividend. The fund invests primarily in shares of other registered investment companies More
Madison Aggressive 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 Madison Aggressive'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 Madison Aggressive Allocation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5519 | |||
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 2.16 | |||
| Value At Risk | (0.84) | |||
| Potential Upside | 0.8396 |
Madison Aggressive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Madison Aggressive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Madison Aggressive's standard deviation. In reality, there are many statistical measures that can use Madison Aggressive historical prices to predict the future Madison Aggressive's volatility.| Risk Adjusted Performance | 0.0661 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.16) | |||
| Treynor Ratio | 0.0684 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Madison Aggressive'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.
Madison Aggressive Backtested Returns
At this stage we consider Madison Mutual Fund to be very steady. Madison Aggressive has Sharpe Ratio of 0.12, which conveys that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Madison Aggressive, which you can use to evaluate the volatility of the fund. Please verify Madison Aggressive's Mean Deviation of 0.4032, downside deviation of 0.5519, and Risk Adjusted Performance of 0.0661 to check out if the risk estimate we provide is consistent with the expected return of 0.0595%. The fund secures a Beta (Market Risk) of 0.55, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Madison Aggressive's returns are expected to increase less than the market. However, during the bear market, the loss of holding Madison Aggressive is expected to be smaller as well.
Auto-correlation | 0.74 |
Good predictability
Madison Aggressive Allocation has good predictability. Overlapping area represents the amount of predictability between Madison Aggressive time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st of December 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 Madison Aggressive price movement. The serial correlation of 0.74 indicates that around 74.0% of current Madison Aggressive price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Madison Aggressive lagged returns against current returns
Autocorrelation, which is Madison Aggressive 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 Madison Aggressive's mutual fund expected returns. We can calculate the autocorrelation of Madison Aggressive returns to help us make a trade decision. For example, suppose you find that Madison Aggressive 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 |
Madison Aggressive 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 Madison Aggressive mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Madison Aggressive mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Madison Aggressive mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Madison Aggressive Lagged Returns
When evaluating Madison Aggressive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Madison Aggressive mutual fund have on its future price. Madison Aggressive 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, Madison Aggressive autocorrelation shows the relationship between Madison Aggressive mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Madison Aggressive Allocation.
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 Madison Mutual Fund
Madison Aggressive financial ratios help investors to determine whether Madison 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 Madison with respect to the benefits of owning Madison Aggressive security.
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