Active M International Fund Market Value
| NMIEX Fund | USD 12.51 0.06 0.48% |
| Symbol | Active |
Active M '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 Active M'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 Active M.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Active M on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Active M International or generate 0.0% return on investment in Active M over 330 days. Active M is related to or competes with Northern Bond, Northern E, Northern Arizona, Northern Emerging, Northern Fixed, Northern Income, and Northern International. The fund will invest at least 80 percent of its net assets in equity securities of issuers domiciled outside the U.S More
Active M 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 Active M'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 Active M International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 3.53 | |||
| Value At Risk | (1.42) | |||
| Potential Upside | 1.1 |
Active M Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Active M's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Active M's standard deviation. In reality, there are many statistical measures that can use Active M historical prices to predict the future Active M's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Active M'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.
Active M International Backtested Returns
Active M International secures Sharpe Ratio (or Efficiency) of -0.0858, which signifies that the fund had a -0.0858% return per unit of risk over the last 3 months. Active M International exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Active M's Standard Deviation of 0.7467, mean deviation of 0.5666, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.46, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Active M's returns are expected to increase less than the market. However, during the bear market, the loss of holding Active M is expected to be smaller as well.
Auto-correlation | 0.41 |
Average predictability
Active M International has average predictability. Overlapping area represents the amount of predictability between Active M time series from 29th of December 2023 to 11th of June 2024 and 11th of June 2024 to 23rd 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 Active M International price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Active M price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Active M International lagged returns against current returns
Autocorrelation, which is Active M 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 Active M's mutual fund expected returns. We can calculate the autocorrelation of Active M returns to help us make a trade decision. For example, suppose you find that Active M 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 |
Active M 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 Active M mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Active M mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Active M mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Active M Lagged Returns
When evaluating Active M's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Active M mutual fund have on its future price. Active M 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, Active M autocorrelation shows the relationship between Active M mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Active M International.
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 Active Mutual Fund
Active M financial ratios help investors to determine whether Active 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 Active with respect to the benefits of owning Active M security.
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