Mmzjx Fund Market Value
| MMZJX Fund | 11.35 0.20 1.79% |
| Symbol | Mmzjx |
Mmzjx '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 Mmzjx'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 Mmzjx.
| 02/09/2025 |
| 03/11/2025 |
If you would invest 0.00 in Mmzjx on February 9, 2025 and sell it all today you would earn a total of 0.00 from holding Mmzjx or generate 0.0% return on investment in Mmzjx over 30 days. Mmzjx is related to or competes with Inflation Linked, T Rowe, Ab Bond, Tiaa Cref, and Aqr Managed. More
Mmzjx 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 Mmzjx'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 Mmzjx upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 27.02 | |||
| Value At Risk | (9.97) | |||
| Potential Upside | 1.96 |
Mmzjx Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mmzjx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mmzjx's standard deviation. In reality, there are many statistical measures that can use Mmzjx historical prices to predict the future Mmzjx's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | 0.3424 | |||
| Treynor Ratio | 0.3375 |
Mmzjx Backtested Returns
Mmzjx has Sharpe Ratio of -0.0311, which conveys that the entity had a -0.0311 % return per unit of risk over the last 3 months. Mmzjx exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mmzjx's Mean Deviation of 1.64, standard deviation of 3.72, and Risk Adjusted Performance of (0.02) to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of -0.37, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Mmzjx are expected to decrease at a much lower rate. During the bear market, Mmzjx is likely to outperform the market.
Auto-correlation | -0.23 |
Weak reverse predictability
Mmzjx has weak reverse predictability. Overlapping area represents the amount of predictability between Mmzjx time series from 9th of February 2025 to 24th of February 2025 and 24th of February 2025 to 11th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Mmzjx price movement. The serial correlation of -0.23 indicates that over 23.0% of current Mmzjx price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Mmzjx lagged returns against current returns
Autocorrelation, which is Mmzjx 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 Mmzjx's mutual fund expected returns. We can calculate the autocorrelation of Mmzjx returns to help us make a trade decision. For example, suppose you find that Mmzjx 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 |
Mmzjx 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 Mmzjx mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mmzjx mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mmzjx mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mmzjx Lagged Returns
When evaluating Mmzjx's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mmzjx mutual fund have on its future price. Mmzjx 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, Mmzjx autocorrelation shows the relationship between Mmzjx mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mmzjx.
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 Mmzjx Mutual Fund
Mmzjx financial ratios help investors to determine whether Mmzjx 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 Mmzjx with respect to the benefits of owning Mmzjx security.
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