Brf Nw Yrk Fund Market Value
| MDNKX Fund | USD 10.76 0.03 0.28% |
| Symbol | Brf |
Brf Nw '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 Brf Nw'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 Brf Nw.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Brf Nw on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Brf Nw Yrk or generate 0.0% return on investment in Brf Nw over 30 days. Brf Nw is related to or competes with Gold And, Great-west Goldman, Oppenheimer Gold, Short Precious, Europac Gold, and Invesco Gold. Under normal circumstances, the fund will invest at least 80 percent of its assets in investment grade New York municipa... More
Brf Nw 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 Brf Nw'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 Brf Nw Yrk upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4191 | |||
| Information Ratio | (0.39) | |||
| Maximum Drawdown | 1.61 | |||
| Value At Risk | (0.37) | |||
| Potential Upside | 0.4757 |
Brf Nw Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brf Nw's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brf Nw's standard deviation. In reality, there are many statistical measures that can use Brf Nw historical prices to predict the future Brf Nw's volatility.| Risk Adjusted Performance | 0.016 | |||
| Jensen Alpha | 0.0135 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.27) | |||
| Treynor Ratio | (0.02) |
Brf Nw Yrk Backtested Returns
At this stage we consider Brf Mutual Fund to be very steady. Brf Nw Yrk secures Sharpe Ratio (or Efficiency) of 0.0427, which signifies that the fund had a 0.0427% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Brf Nw Yrk, which you can use to evaluate the volatility of the entity. Please confirm Brf Nw's risk adjusted performance of 0.016, and Mean Deviation of 0.1819 to double-check if the risk estimate we provide is consistent with the expected return of 0.0123%. The fund shows a Beta (market volatility) of -0.0979, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Brf Nw are expected to decrease at a much lower rate. During the bear market, Brf Nw is likely to outperform the market.
Auto-correlation | 0.70 |
Good predictability
Brf Nw Yrk has good predictability. Overlapping area represents the amount of predictability between Brf Nw time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Brf Nw Yrk price movement. The serial correlation of 0.7 indicates that around 70.0% of current Brf Nw price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Brf Nw Yrk lagged returns against current returns
Autocorrelation, which is Brf Nw 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 Brf Nw's mutual fund expected returns. We can calculate the autocorrelation of Brf Nw returns to help us make a trade decision. For example, suppose you find that Brf Nw 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 |
Brf Nw 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 Brf Nw mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brf Nw mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brf Nw mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Brf Nw Lagged Returns
When evaluating Brf Nw's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brf Nw mutual fund have on its future price. Brf Nw 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, Brf Nw autocorrelation shows the relationship between Brf Nw mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Brf Nw Yrk.
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 Brf Mutual Fund
Brf Nw financial ratios help investors to determine whether Brf 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 Brf with respect to the benefits of owning Brf Nw security.
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