Muzinich High Yield Fund Market Value
| MZHSX Fund | USD 8.01 0.03 0.37% |
| Symbol | Muzinich |
Muzinich '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 Muzinich'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 Muzinich.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Muzinich on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Muzinich High Yield or generate 0.0% return on investment in Muzinich over 180 days. Muzinich is related to or competes with Muzinich Credit, Muzinich, Muzinich Low, Fidelity Advisor, Schwab Sp, Vanguard Total, and Ancora Microcap. The fund normally invests at least 80 percent of its net assets in high yield credit issued by companies with a domicile... More
Muzinich 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 Muzinich'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 Muzinich High Yield upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1937 | |||
| Information Ratio | (0.87) | |||
| Maximum Drawdown | 0.6255 | |||
| Value At Risk | (0.25) | |||
| Potential Upside | 0.2503 |
Muzinich Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Muzinich's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Muzinich's standard deviation. In reality, there are many statistical measures that can use Muzinich historical prices to predict the future Muzinich's volatility.| Risk Adjusted Performance | 0.0498 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.62) | |||
| Treynor Ratio | 0.104 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Muzinich'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.
Muzinich High Yield Backtested Returns
At this stage we consider Muzinich Mutual Fund to be very steady. Muzinich High Yield 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. We have found twenty-seven technical indicators for Muzinich, which you can use to evaluate the volatility of the fund. Please verify Muzinich's Mean Deviation of 0.1048, coefficient of variation of 805.58, and Risk Adjusted Performance of 0.0498 to check out if the risk estimate we provide is consistent with the expected return of 0.0178%. The fund secures a Beta (Market Risk) of 0.0694, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Muzinich's returns are expected to increase less than the market. However, during the bear market, the loss of holding Muzinich is expected to be smaller as well.
Auto-correlation | 0.48 |
Average predictability
Muzinich High Yield has average predictability. Overlapping area represents the amount of predictability between Muzinich time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Muzinich High Yield price movement. The serial correlation of 0.48 indicates that about 48.0% of current Muzinich price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Muzinich High Yield lagged returns against current returns
Autocorrelation, which is Muzinich 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 Muzinich's mutual fund expected returns. We can calculate the autocorrelation of Muzinich returns to help us make a trade decision. For example, suppose you find that Muzinich 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 |
Muzinich 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 Muzinich mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Muzinich mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Muzinich mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Muzinich Lagged Returns
When evaluating Muzinich's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Muzinich mutual fund have on its future price. Muzinich 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, Muzinich autocorrelation shows the relationship between Muzinich mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Muzinich 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 Muzinich Mutual Fund
Muzinich financial ratios help investors to determine whether Muzinich 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 Muzinich with respect to the benefits of owning Muzinich security.
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