Mmnwx Fund Market Value
| MMNWX Fund | 9.19 0.03 0.33% |
| Symbol | Mmnwx |
Mmnwx '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 Mmnwx'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 Mmnwx.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Mmnwx on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Mmnwx or generate 0.0% return on investment in Mmnwx over 180 days. Mmnwx is related to or competes with Massmutual Select, Massmutual Select, Massmutual Select, Massmutual Select, Massmutual Select, Massmutual Select, and Massmutual Select. The fund invests at least 80 percent of its net assets in investment grade fixed income securities More
Mmnwx 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 Mmnwx'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 Mmnwx upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3424 | |||
| Information Ratio | (0.46) | |||
| Maximum Drawdown | 1.32 | |||
| Value At Risk | (0.65) | |||
| Potential Upside | 0.4343 |
Mmnwx Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mmnwx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mmnwx's standard deviation. In reality, there are many statistical measures that can use Mmnwx historical prices to predict the future Mmnwx's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.40) | |||
| Treynor Ratio | 0.2011 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mmnwx's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Mmnwx Backtested Returns
Mmnwx has Sharpe Ratio of -0.01, which conveys that the entity had a -0.01% return per unit of risk over the last 3 months. Mmnwx exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mmnwx's Mean Deviation of 0.2133, downside deviation of 0.3424, and Risk Adjusted Performance of (0.01) to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of -0.0394, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mmnwx are expected to decrease at a much lower rate. During the bear market, Mmnwx is likely to outperform the market.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Mmnwx has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Mmnwx time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 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 Mmnwx price movement. The serial correlation of -0.77 indicates that around 77.0% of current Mmnwx price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Mmnwx lagged returns against current returns
Autocorrelation, which is Mmnwx 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 Mmnwx's mutual fund expected returns. We can calculate the autocorrelation of Mmnwx returns to help us make a trade decision. For example, suppose you find that Mmnwx 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 |
Mmnwx 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 Mmnwx mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mmnwx mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mmnwx mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mmnwx Lagged Returns
When evaluating Mmnwx's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mmnwx mutual fund have on its future price. Mmnwx 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, Mmnwx autocorrelation shows the relationship between Mmnwx mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mmnwx.
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 Mmnwx Mutual Fund
Mmnwx financial ratios help investors to determine whether Mmnwx 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 Mmnwx with respect to the benefits of owning Mmnwx security.
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