Madison International Stock Fund Market Value
| MINAX Fund | USD 9.52 0.01 0.11% |
| Symbol | Madison |
Madison International '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 International'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 International.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Madison International on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Madison International Stock or generate 0.0% return on investment in Madison International over 30 days. Madison International is related to or competes with Madison Mid, Madison Moderate, Madison Moderate, Madison Investors, Madison Investors, Broadview Opportunity, and Madison Aggressive. Under normal market conditions, the fund invests at least 80 percent of its net assets in the stock of foreign companies More
Madison International 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 International'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 International Stock upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.933 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 4.83 | |||
| Value At Risk | (1.42) | |||
| Potential Upside | 1.47 |
Madison International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Madison International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Madison International's standard deviation. In reality, there are many statistical measures that can use Madison International historical prices to predict the future Madison International's volatility.| Risk Adjusted Performance | 0.0407 | |||
| Jensen Alpha | 0.0017 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.1199 |
Madison International Backtested Returns
At this stage we consider Madison Mutual Fund to be very steady. Madison International has Sharpe Ratio of 0.0194, which conveys that the entity had a 0.0194% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Madison International, which you can use to evaluate the volatility of the fund. Please verify Madison International's Risk Adjusted Performance of 0.0407, mean deviation of 0.6461, and Downside Deviation of 0.933 to check out if the risk estimate we provide is consistent with the expected return of 0.017%. The fund secures a Beta (Market Risk) of 0.31, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Madison International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Madison International is expected to be smaller as well.
Auto-correlation | -0.26 |
Weak reverse predictability
Madison International Stock has weak reverse predictability. Overlapping area represents the amount of predictability between Madison International time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 International price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Madison International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Madison International lagged returns against current returns
Autocorrelation, which is Madison International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Madison International returns to help us make a trade decision. For example, suppose you find that Madison International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Madison International 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 International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Madison International Lagged Returns
When evaluating Madison International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Madison International mutual fund have on its future price. Madison International 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 International autocorrelation shows the relationship between Madison International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Madison International Stock.
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 International 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 International security.
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