Mmzkx Fund Market Value
| MMZKX Fund | 12.75 0.05 0.39% |
| Symbol | Mmzkx |
Mmzkx '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 Mmzkx'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 Mmzkx.
| 11/20/2023 |
| 12/14/2024 |
If you would invest 0.00 in Mmzkx on November 20, 2023 and sell it all today you would earn a total of 0.00 from holding Mmzkx or generate 0.0% return on investment in Mmzkx over 390 days. Mmzkx is related to or competes with Vanguard Target, American Funds, American Funds, American Funds, American Funds, American Funds, and American Funds. The fund is a fund of funds that pursues its objective by investing in a diversified portfolio of other stock and bond s... More
Mmzkx 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 Mmzkx'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 Mmzkx upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.33 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 5.76 | |||
| Value At Risk | (1.64) | |||
| Potential Upside | 1.33 |
Mmzkx Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mmzkx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mmzkx's standard deviation. In reality, there are many statistical measures that can use Mmzkx historical prices to predict the future Mmzkx's volatility.| Risk Adjusted Performance | 0.0329 | |||
| Jensen Alpha | 0.0547 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.12) |
Mmzkx Backtested Returns
At this stage we consider Mmzkx Mutual Fund to be very steady. Mmzkx has Sharpe Ratio of 0.0532, which conveys that the entity had a 0.0532% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Mmzkx, which you can use to evaluate the volatility of the fund. Please verify Mmzkx's Downside Deviation of 1.33, mean deviation of 0.525, and Risk Adjusted Performance of 0.0329 to check out if the risk estimate we provide is consistent with the expected return of 0.0551%. The fund secures a Beta (Market Risk) of -0.26, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mmzkx are expected to decrease at a much lower rate. During the bear market, Mmzkx is likely to outperform the market.
Auto-correlation | 0.00 |
No correlation between past and present
Mmzkx has no correlation between past and present. Overlapping area represents the amount of predictability between Mmzkx time series from 20th of November 2023 to 2nd of June 2024 and 2nd of June 2024 to 14th 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 Mmzkx price movement. The serial correlation of 0.0 indicates that just 0.0% of current Mmzkx 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 |
Mmzkx lagged returns against current returns
Autocorrelation, which is Mmzkx 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 Mmzkx's mutual fund expected returns. We can calculate the autocorrelation of Mmzkx returns to help us make a trade decision. For example, suppose you find that Mmzkx 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 |
Mmzkx 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 Mmzkx mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mmzkx mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mmzkx mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mmzkx Lagged Returns
When evaluating Mmzkx's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mmzkx mutual fund have on its future price. Mmzkx 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, Mmzkx autocorrelation shows the relationship between Mmzkx mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mmzkx.
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 Mmzkx Mutual Fund
Mmzkx financial ratios help investors to determine whether Mmzkx 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 Mmzkx with respect to the benefits of owning Mmzkx security.
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