New Alternatives Fund Market Value
| NAEFX Fund | USD 60.83 0.29 0.48% |
| Symbol | New |
New Alternatives '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 New Alternatives' 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 New Alternatives.
| 12/20/2024 |
| 01/19/2025 |
If you would invest 0.00 in New Alternatives on December 20, 2024 and sell it all today you would earn a total of 0.00 from holding New Alternatives Fund or generate 0.0% return on investment in New Alternatives over 30 days. New Alternatives is related to or competes with Metropolitan West, Ambrus Core, Multisector Bond, Morningstar Defensive, Doubleline Total, Versatile Bond, and Maryland Tax-free. The fund seeks to achieve its investment objective by investing in equity securities More
New Alternatives 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 New Alternatives' 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 New Alternatives Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 6.13 | |||
| Value At Risk | (2.28) | |||
| Potential Upside | 1.3 |
New Alternatives Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Alternatives' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as New Alternatives' standard deviation. In reality, there are many statistical measures that can use New Alternatives historical prices to predict the future New Alternatives' volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.50) |
New Alternatives Backtested Returns
New Alternatives has Sharpe Ratio of -0.17, which conveys that the entity had a -0.17% return per unit of risk over the last 3 months. New Alternatives exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify New Alternatives' Standard Deviation of 1.06, risk adjusted performance of (0.12), and Mean Deviation of 0.757 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.33, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, New Alternatives' returns are expected to increase less than the market. However, during the bear market, the loss of holding New Alternatives is expected to be smaller as well.
Auto-correlation | 0.28 |
Poor predictability
New Alternatives Fund has poor predictability. Overlapping area represents the amount of predictability between New Alternatives time series from 20th of December 2024 to 4th of January 2025 and 4th of January 2025 to 19th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of New Alternatives price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current New Alternatives price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.85 |
New Alternatives lagged returns against current returns
Autocorrelation, which is New Alternatives 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 New Alternatives' mutual fund expected returns. We can calculate the autocorrelation of New Alternatives returns to help us make a trade decision. For example, suppose you find that New Alternatives 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 |
New Alternatives 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 New Alternatives mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if New Alternatives mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in New Alternatives mutual fund over time.
Current vs Lagged Prices |
| Timeline |
New Alternatives Lagged Returns
When evaluating New Alternatives' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of New Alternatives mutual fund have on its future price. New Alternatives 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, New Alternatives autocorrelation shows the relationship between New Alternatives mutual fund current value and its past values and can show if there is a momentum factor associated with investing in New Alternatives Fund.
Regressed Prices |
| Timeline |
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| TRX | TRON | |
| BNB | Binance Coin |
Other Information on Investing in New Mutual Fund
New Alternatives financial ratios help investors to determine whether New 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 New with respect to the benefits of owning New Alternatives security.
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