Integrity Short Term Fund Market Value
| MDSAX Fund | USD 8.59 0.01 0.12% |
| Symbol | Integrity |
Integrity Short '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 Integrity Short'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 Integrity Short.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Integrity Short on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Integrity Short Term or generate 0.0% return on investment in Integrity Short over 180 days. Integrity Short is related to or competes with Calamos Dynamic, Putnam Convertible, Gabelli Convertible, Fidelity Sai, and Rational/pier. The fund invests at least 95 percent of its assets in U.S More
Integrity Short 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 Integrity Short'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 Integrity Short Term upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1644 | |||
| Information Ratio | (0.82) | |||
| Maximum Drawdown | 0.5845 | |||
| Value At Risk | (0.23) | |||
| Potential Upside | 0.2331 |
Integrity Short Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Integrity Short's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Integrity Short's standard deviation. In reality, there are many statistical measures that can use Integrity Short historical prices to predict the future Integrity Short's volatility.| Risk Adjusted Performance | 0.0139 | |||
| Jensen Alpha | 0.0025 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.73) | |||
| Treynor Ratio | (0.05) |
Integrity Short Term Backtested Returns
At this stage we consider Integrity Mutual Fund to be very steady. Integrity Short Term holds Efficiency (Sharpe) Ratio of 0.0756, which attests that the entity had a 0.0756% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Integrity Short Term, which you can use to evaluate the volatility of the entity. Please check out Integrity Short's Downside Deviation of 0.1644, market risk adjusted performance of (0.04), and Risk Adjusted Performance of 0.0139 to validate if the risk estimate we provide is consistent with the expected return of 0.0111%. The fund retains a Market Volatility (i.e., Beta) of -0.0147, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Integrity Short are expected to decrease at a much lower rate. During the bear market, Integrity Short is likely to outperform the market.
Auto-correlation | -0.45 |
Modest reverse predictability
Integrity Short Term has modest reverse predictability. Overlapping area represents the amount of predictability between Integrity Short 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 Integrity Short Term price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Integrity Short price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Integrity Short Term lagged returns against current returns
Autocorrelation, which is Integrity Short 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 Integrity Short's mutual fund expected returns. We can calculate the autocorrelation of Integrity Short returns to help us make a trade decision. For example, suppose you find that Integrity Short 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 |
Integrity Short 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 Integrity Short mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Integrity Short mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Integrity Short mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Integrity Short Lagged Returns
When evaluating Integrity Short's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Integrity Short mutual fund have on its future price. Integrity Short 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, Integrity Short autocorrelation shows the relationship between Integrity Short mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Integrity Short Term.
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 Integrity Mutual Fund
Integrity Short financial ratios help investors to determine whether Integrity 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 Integrity with respect to the benefits of owning Integrity Short security.
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