Ontrack E Fund Market Value
| OTRFX Fund | USD 51.99 0.07 0.13% |
| Symbol | Ontrack |
Ontrack Core '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 Ontrack Core'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 Ontrack Core.
| 10/31/2023 |
| 11/24/2024 |
If you would invest 0.00 in Ontrack Core on October 31, 2023 and sell it all today you would earn a total of 0.00 from holding Ontrack E Fund or generate 0.0% return on investment in Ontrack Core over 390 days. Ontrack Core is related to or competes with Spectrum Advisors, Ontrack Core, Spectrum Unconstrained, Quantified Market, Quantified Market, and Spectrum Low. The sub-adviser seeks to achieve the funds investment objective by investing long-or-short primarily in stocks, bonds an... More
Ontrack Core 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 Ontrack Core'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 Ontrack E Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.61) | |||
| Maximum Drawdown | 1.48 | |||
| Value At Risk | (0.33) | |||
| Potential Upside | 0.3048 |
Ontrack Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ontrack Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ontrack Core's standard deviation. In reality, there are many statistical measures that can use Ontrack Core historical prices to predict the future Ontrack Core's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.11) |
Ontrack E Fund Backtested Returns
Ontrack E Fund maintains Sharpe Ratio (i.e., Efficiency) of -0.0571, which implies the entity had a -0.0571% return per unit of risk over the last 3 months. Ontrack E Fund exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ontrack Core's Risk Adjusted Performance of (0.03), coefficient of variation of (60,266), and Variance of 0.046 to confirm the risk estimate we provide. The fund holds a Beta of 0.0935, which implies not very significant fluctuations relative to the market. As returns on the market increase, Ontrack Core's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ontrack Core is expected to be smaller as well.
Auto-correlation | 0.76 |
Good predictability
Ontrack E Fund has good predictability. Overlapping area represents the amount of predictability between Ontrack Core time series from 31st of October 2023 to 13th of May 2024 and 13th of May 2024 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 Ontrack E Fund price movement. The serial correlation of 0.76 indicates that around 76.0% of current Ontrack Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
Ontrack E Fund lagged returns against current returns
Autocorrelation, which is Ontrack Core 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 Ontrack Core's mutual fund expected returns. We can calculate the autocorrelation of Ontrack Core returns to help us make a trade decision. For example, suppose you find that Ontrack Core 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 |
Ontrack Core 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 Ontrack Core mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ontrack Core mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ontrack Core mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ontrack Core Lagged Returns
When evaluating Ontrack Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ontrack Core mutual fund have on its future price. Ontrack Core 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, Ontrack Core autocorrelation shows the relationship between Ontrack Core mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ontrack E Fund.
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 Ontrack Mutual Fund
Ontrack Core financial ratios help investors to determine whether Ontrack 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 Ontrack with respect to the benefits of owning Ontrack Core security.
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