Morningstar Total Return Fund Market Value
| MSTRX Fund | USD 8.80 0.01 0.11% |
| Symbol | Morningstar |
Morningstar Total '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 Morningstar Total'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 Morningstar Total.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Morningstar Total on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Morningstar Total Return or generate 0.0% return on investment in Morningstar Total over 360 days. Morningstar Total is related to or competes with Needham Aggressive, Western Asset, Ab Global, Pace High, Morningstar Aggressive, and Ab High. The fund will normally invest at least 80 percent of its assets in debt securities of varying maturity, duration, and qu... More
Morningstar Total 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 Morningstar Total'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 Morningstar Total Return upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.58) | |||
| Maximum Drawdown | 1.44 | |||
| Value At Risk | (0.56) | |||
| Potential Upside | 0.4459 |
Morningstar Total Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Morningstar Total's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Morningstar Total's standard deviation. In reality, there are many statistical measures that can use Morningstar Total historical prices to predict the future Morningstar Total's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 2.31 |
Morningstar Total Return Backtested Returns
Morningstar Total Return has Sharpe Ratio of -0.13, which conveys that the entity had a -0.13% return per unit of risk over the last 3 months. Morningstar Total exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Morningstar Total's Risk Adjusted Performance of (0.1), mean deviation of 0.1927, and Standard Deviation of 0.2756 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of -0.0167, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Morningstar Total are expected to decrease at a much lower rate. During the bear market, Morningstar Total is likely to outperform the market.
Auto-correlation | -0.08 |
Very weak reverse predictability
Morningstar Total Return has very weak reverse predictability. Overlapping area represents the amount of predictability between Morningstar Total time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Morningstar Total Return price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Morningstar Total price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Morningstar Total Return lagged returns against current returns
Autocorrelation, which is Morningstar Total 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 Morningstar Total's mutual fund expected returns. We can calculate the autocorrelation of Morningstar Total returns to help us make a trade decision. For example, suppose you find that Morningstar Total 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 |
Morningstar Total 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 Morningstar Total mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Morningstar Total mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Morningstar Total mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Morningstar Total Lagged Returns
When evaluating Morningstar Total's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Morningstar Total mutual fund have on its future price. Morningstar Total 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, Morningstar Total autocorrelation shows the relationship between Morningstar Total mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Morningstar Total Return.
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 Morningstar Mutual Fund
Morningstar Total financial ratios help investors to determine whether Morningstar 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 Morningstar with respect to the benefits of owning Morningstar Total security.
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