Madison High Quality Fund Market Value
| MIIBX Fund | USD 10.47 0.02 0.19% |
| Symbol | Madison |
Madison High '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 High'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 High.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Madison High on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Madison High Quality or generate 0.0% return on investment in Madison High over 540 days. Madison High is related to or competes with Vanguard Short-term, Vanguard Short-term, Vanguard Short-term, Vanguard Short-term, Vanguard Short-term, Lord Abbett, and Lord Abbett. Under normal market conditions, the fund will invest at least 80 percent of its net assets in higher quality bond issues and, therefore, the adviser intends to maintain an overall portfolio quality rating of A by Standard Poors andor A2 by Moodys. More
Madison High 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 High'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 High Quality upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.75) | |||
| Maximum Drawdown | 0.855 | |||
| Value At Risk | (0.29) | |||
| Potential Upside | 0.2868 |
Madison High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Madison High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Madison High's standard deviation. In reality, there are many statistical measures that can use Madison High historical prices to predict the future Madison High's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | 0.363 |
Madison High Quality Backtested Returns
Madison High Quality has Sharpe Ratio of -0.0251, which conveys that the entity had a -0.0251% return per unit of risk over the last 3 months. Madison High exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Madison High's Mean Deviation of 0.1322, standard deviation of 0.1735, and Risk Adjusted Performance of (0.05) to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of -0.0391, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Madison High are expected to decrease at a much lower rate. During the bear market, Madison High is likely to outperform the market.
Auto-correlation | 0.74 |
Good predictability
Madison High Quality has good predictability. Overlapping area represents the amount of predictability between Madison High time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Madison High Quality price movement. The serial correlation of 0.74 indicates that around 74.0% of current Madison High price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Madison High Quality lagged returns against current returns
Autocorrelation, which is Madison High 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 High's mutual fund expected returns. We can calculate the autocorrelation of Madison High returns to help us make a trade decision. For example, suppose you find that Madison High 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 High 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 High mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Madison High 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 High mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Madison High Lagged Returns
When evaluating Madison High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Madison High mutual fund have on its future price. Madison High 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 High autocorrelation shows the relationship between Madison High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Madison High Quality.
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 High 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 High security.
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