Mmngx Fund Market Value
| MMNGX Fund | 22.74 0.07 0.31% |
| Symbol | Mmngx |
Mmngx '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 Mmngx'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 Mmngx.
| 12/11/2022 |
| 11/30/2024 |
If you would invest 0.00 in Mmngx on December 11, 2022 and sell it all today you would earn a total of 0.00 from holding Mmngx or generate 0.0% return on investment in Mmngx over 720 days. Mmngx is related to or competes with Barings Emerging, Siit Emerging, Transamerica Emerging, Rbc Emerging, Black Oak, Doubleline Emerging, and Ep Emerging. The fund invests primarily in equity securities of mid-capitalization companies that the funds subadvisers believe offer... More
Mmngx 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 Mmngx'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 Mmngx upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9186 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.24 | |||
| Value At Risk | (1.41) | |||
| Potential Upside | 1.33 |
Mmngx Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mmngx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mmngx's standard deviation. In reality, there are many statistical measures that can use Mmngx historical prices to predict the future Mmngx's volatility.| Risk Adjusted Performance | 0.1148 | |||
| Jensen Alpha | 0.1089 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 2.2 |
Mmngx Backtested Returns
At this stage we consider Mmngx Mutual Fund to be very steady. Mmngx has Sharpe Ratio of 0.2, which conveys that the entity had a 0.2% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mmngx, which you can use to evaluate the volatility of the fund. Please verify Mmngx's Risk Adjusted Performance of 0.1148, downside deviation of 0.9186, and Mean Deviation of 0.6342 to check out if the risk estimate we provide is consistent with the expected return of 0.16%. The fund secures a Beta (Market Risk) of 0.0525, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mmngx's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mmngx is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
Mmngx has no correlation between past and present. Overlapping area represents the amount of predictability between Mmngx time series from 11th of December 2022 to 6th of December 2023 and 6th of December 2023 to 30th 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 Mmngx price movement. The serial correlation of 0.0 indicates that just 0.0% of current Mmngx price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mmngx lagged returns against current returns
Autocorrelation, which is Mmngx 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 Mmngx's mutual fund expected returns. We can calculate the autocorrelation of Mmngx returns to help us make a trade decision. For example, suppose you find that Mmngx 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 |
Mmngx 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 Mmngx mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mmngx mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mmngx mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mmngx Lagged Returns
When evaluating Mmngx's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mmngx mutual fund have on its future price. Mmngx 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, Mmngx autocorrelation shows the relationship between Mmngx mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mmngx.
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 Mmngx Mutual Fund
Mmngx financial ratios help investors to determine whether Mmngx 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 Mmngx with respect to the benefits of owning Mmngx security.
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators |