Mmnjx Fund Market Value
| MMNJX Fund | 17.86 0.07 0.39% |
| Symbol | Mmnjx |
Mmnjx '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 Mmnjx'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 Mmnjx.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Mmnjx on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Mmnjx or generate 0.0% return on investment in Mmnjx over 90 days. Mmnjx is related to or competes with Massmutual Select, Massmutual Select, Massmutual Select, Massmutual Select, Massmutual Select, Massmutual Select, and Massmutual Select. The fund normally invests at least 80 percent of its net assets in the equity securities of companies whose market capit... More
Mmnjx 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 Mmnjx'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 Mmnjx upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.16 | |||
| Information Ratio | 0.0316 | |||
| Maximum Drawdown | 6.57 | |||
| Value At Risk | (1.58) | |||
| Potential Upside | 1.9 |
Mmnjx Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mmnjx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mmnjx's standard deviation. In reality, there are many statistical measures that can use Mmnjx historical prices to predict the future Mmnjx's volatility.| Risk Adjusted Performance | 0.115 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0329 | |||
| Treynor Ratio | 0.1186 |
Mmnjx Backtested Returns
Mmnjx appears to be very steady, given 3 months investment horizon. Mmnjx has Sharpe Ratio of 0.19, which conveys that the entity had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mmnjx, which you can use to evaluate the volatility of the fund. Please exercise Mmnjx's Mean Deviation of 0.8634, risk adjusted performance of 0.115, and Downside Deviation of 1.16 to check out if our risk estimates are consistent with your expectations. The fund secures a Beta (Market Risk) of 1.4, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Mmnjx will likely underperform.
Auto-correlation | 0.71 |
Good predictability
Mmnjx has good predictability. Overlapping area represents the amount of predictability between Mmnjx time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st 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 Mmnjx price movement. The serial correlation of 0.71 indicates that around 71.0% of current Mmnjx price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
Mmnjx lagged returns against current returns
Autocorrelation, which is Mmnjx 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 Mmnjx's mutual fund expected returns. We can calculate the autocorrelation of Mmnjx returns to help us make a trade decision. For example, suppose you find that Mmnjx 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 |
Mmnjx 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 Mmnjx mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mmnjx mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mmnjx mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mmnjx Lagged Returns
When evaluating Mmnjx's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mmnjx mutual fund have on its future price. Mmnjx 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, Mmnjx autocorrelation shows the relationship between Mmnjx mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mmnjx.
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 Mmnjx Mutual Fund
Mmnjx financial ratios help investors to determine whether Mmnjx 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 Mmnjx with respect to the benefits of owning Mmnjx security.
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