Optimum Fixed Income Fund Market Value
| OIFIX Fund | USD 8.35 0.01 0.12% |
| Symbol | Optimum |
Optimum Fixed '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 Optimum Fixed'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 Optimum Fixed.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Optimum Fixed on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Optimum Fixed Income or generate 0.0% return on investment in Optimum Fixed over 720 days. Optimum Fixed is related to or competes with Optimum Small, Optimum Small, Ivy Apollo, Optimum Fixed, Ivy Asset, Ivy Small, and Optimum International. Under normal circumstances, the fund will invest at least 80 percent of its net assets, plus the amount of any borrowing... More
Optimum Fixed 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 Optimum Fixed'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 Optimum Fixed Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.55) | |||
| Maximum Drawdown | 1.32 | |||
| Value At Risk | (0.60) | |||
| Potential Upside | 0.3597 |
Optimum Fixed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Optimum Fixed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Optimum Fixed's standard deviation. In reality, there are many statistical measures that can use Optimum Fixed historical prices to predict the future Optimum Fixed's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.55) |
Optimum Fixed Income Backtested Returns
Optimum Fixed Income maintains Sharpe Ratio (i.e., Efficiency) of -0.097, which implies the entity had a -0.097% return per unit of risk over the last 3 months. Optimum Fixed Income exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Optimum Fixed's Risk Adjusted Performance of (0.09), coefficient of variation of (1,077), and Variance of 0.0819 to confirm the risk estimate we provide. The fund holds a Beta of 0.0663, which implies not very significant fluctuations relative to the market. As returns on the market increase, Optimum Fixed's returns are expected to increase less than the market. However, during the bear market, the loss of holding Optimum Fixed is expected to be smaller as well.
Auto-correlation | -0.67 |
Very good reverse predictability
Optimum Fixed Income has very good reverse predictability. Overlapping area represents the amount of predictability between Optimum Fixed time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 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 Optimum Fixed Income price movement. The serial correlation of -0.67 indicates that around 67.0% of current Optimum Fixed price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Optimum Fixed Income lagged returns against current returns
Autocorrelation, which is Optimum Fixed 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 Optimum Fixed's mutual fund expected returns. We can calculate the autocorrelation of Optimum Fixed returns to help us make a trade decision. For example, suppose you find that Optimum Fixed 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 |
Optimum Fixed 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 Optimum Fixed mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Optimum Fixed mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Optimum Fixed mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Optimum Fixed Lagged Returns
When evaluating Optimum Fixed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Optimum Fixed mutual fund have on its future price. Optimum Fixed 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, Optimum Fixed autocorrelation shows the relationship between Optimum Fixed mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Optimum Fixed Income.
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 Optimum Mutual Fund
Optimum Fixed financial ratios help investors to determine whether Optimum 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 Optimum with respect to the benefits of owning Optimum Fixed security.
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