Msift High Yield Fund Market Value
| MRHYX Fund | USD 8.63 0.01 0.12% |
| Symbol | Msift |
Msift High '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 Msift High'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 Msift High.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Msift High on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Msift High Yield or generate 0.0% return on investment in Msift High over 30 days. Msift High is related to or competes with Maryland Tax-free, Artisan Emerging, California Bond, Victory High, Barings Active, Fundvantage Trust, and Bbh Intermediate. Under normal circumstances, at least 80 percent of the funds assets will be invested in high yield securities More
Msift High 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 Msift High'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 Msift High Yield upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1491 | |||
| Information Ratio | (0.85) | |||
| Maximum Drawdown | 0.5895 | |||
| Value At Risk | (0.12) | |||
| Potential Upside | 0.2334 |
Msift High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Msift High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Msift High's standard deviation. In reality, there are many statistical measures that can use Msift High historical prices to predict the future Msift High's volatility.| Risk Adjusted Performance | 0.1846 | |||
| Jensen Alpha | 0.0163 | |||
| Total Risk Alpha | 0.0079 | |||
| Sortino Ratio | (0.64) | |||
| Treynor Ratio | 0.3315 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Msift High'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.
Msift High Yield Backtested Returns
At this stage we consider Msift Mutual Fund to be very steady. Msift High Yield has Sharpe Ratio of 0.29, which conveys that the entity had a 0.29% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Msift High, which you can use to evaluate the volatility of the fund. Please verify Msift High's Risk Adjusted Performance of 0.1846, coefficient of variation of 315.78, and Mean Deviation of 0.0905 to check out if the risk estimate we provide is consistent with the expected return of 0.0311%. The fund secures a Beta (Market Risk) of 0.0772, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Msift High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Msift High is expected to be smaller as well.
Auto-correlation | 0.75 |
Good predictability
Msift High Yield has good predictability. Overlapping area represents the amount of predictability between Msift High time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Msift High Yield price movement. The serial correlation of 0.75 indicates that around 75.0% of current Msift High price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Msift High Yield lagged returns against current returns
Autocorrelation, which is Msift High 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 Msift High's mutual fund expected returns. We can calculate the autocorrelation of Msift High returns to help us make a trade decision. For example, suppose you find that Msift High 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 |
Msift High 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 Msift High mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Msift High mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Msift High mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Msift High Lagged Returns
When evaluating Msift High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Msift High mutual fund have on its future price. Msift High 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, Msift High autocorrelation shows the relationship between Msift High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Msift High Yield.
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 Msift Mutual Fund
Msift High financial ratios help investors to determine whether Msift 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 Msift with respect to the benefits of owning Msift High security.
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