Monetta Young Investor Fund Market Value
| MYIFX Fund | USD 19.13 0.08 0.42% |
| Symbol | Monetta |
Monetta Young '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 Monetta Young'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 Monetta Young.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Monetta Young on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Monetta Young Investor or generate 0.0% return on investment in Monetta Young over 510 days. Monetta Young is related to or competes with Parnassus Endeavor, Reynolds Blue, Amg Yacktman, Artisan Global, and Appleseed Fund. The fund invests approximately 50 percent of its assets in exchange-traded funds that seek to track the SP 500 Index or ... More
Monetta Young 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 Monetta Young'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 Monetta Young Investor upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 14.61 | |||
| Value At Risk | (2.15) | |||
| Potential Upside | 1.23 |
Monetta Young Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Monetta Young's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Monetta Young's standard deviation. In reality, there are many statistical measures that can use Monetta Young historical prices to predict the future Monetta Young's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (0.40) |
Monetta Young Investor Backtested Returns
Monetta Young Investor has Sharpe Ratio of -0.0222, which conveys that the entity had a -0.0222% return per unit of risk over the last 3 months. Monetta Young exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Monetta Young's Risk Adjusted Performance of (0.01), mean deviation of 0.7931, and Standard Deviation of 1.69 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Monetta Young's returns are expected to increase less than the market. However, during the bear market, the loss of holding Monetta Young is expected to be smaller as well.
Auto-correlation | 0.20 |
Weak predictability
Monetta Young Investor has weak predictability. Overlapping area represents the amount of predictability between Monetta Young time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Monetta Young Investor price movement. The serial correlation of 0.2 indicates that over 20.0% of current Monetta Young price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.66 |
Monetta Young Investor lagged returns against current returns
Autocorrelation, which is Monetta Young 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 Monetta Young's mutual fund expected returns. We can calculate the autocorrelation of Monetta Young returns to help us make a trade decision. For example, suppose you find that Monetta Young 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 |
Monetta Young 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 Monetta Young mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Monetta Young mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Monetta Young mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Monetta Young Lagged Returns
When evaluating Monetta Young's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Monetta Young mutual fund have on its future price. Monetta Young 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, Monetta Young autocorrelation shows the relationship between Monetta Young mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Monetta Young Investor.
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 Monetta Mutual Fund
Monetta Young financial ratios help investors to determine whether Monetta 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 Monetta with respect to the benefits of owning Monetta Young security.
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