Finisterre Unconstrained Emerging Fund Market Value
| PFUMX Fund | USD 8.97 0.01 0.11% |
| Symbol | Finisterre |
Finisterre Unconstrained '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 Finisterre Unconstrained'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 Finisterre Unconstrained.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Finisterre Unconstrained on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Finisterre Unconstrained Emerging or generate 0.0% return on investment in Finisterre Unconstrained over 720 days. Finisterre Unconstrained is related to or competes with Goldman Sachs, Msift High, Siit High, Gmo High, Dunham High, Prudential High, and Alpine High. The fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in bonds and other ... More
Finisterre Unconstrained 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 Finisterre Unconstrained'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 Finisterre Unconstrained Emerging upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2415 | |||
| Information Ratio | (0.57) | |||
| Maximum Drawdown | 1.0 | |||
| Value At Risk | (0.33) | |||
| Potential Upside | 0.3363 |
Finisterre Unconstrained Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Finisterre Unconstrained's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Finisterre Unconstrained's standard deviation. In reality, there are many statistical measures that can use Finisterre Unconstrained historical prices to predict the future Finisterre Unconstrained's volatility.| Risk Adjusted Performance | 0.0497 | |||
| Jensen Alpha | 0.0039 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.48) | |||
| Treynor Ratio | 0.2003 |
Finisterre Unconstrained Backtested Returns
At this stage we consider Finisterre Mutual Fund to be very steady. Finisterre Unconstrained secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the fund had a 0.11% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Finisterre Unconstrained Emerging, which you can use to evaluate the volatility of the entity. Please confirm Finisterre Unconstrained's Coefficient Of Variation of 990.35, mean deviation of 0.1614, and Downside Deviation of 0.2415 to check if the risk estimate we provide is consistent with the expected return of 0.023%. The fund shows a Beta (market volatility) of 0.053, which means not very significant fluctuations relative to the market. As returns on the market increase, Finisterre Unconstrained's returns are expected to increase less than the market. However, during the bear market, the loss of holding Finisterre Unconstrained is expected to be smaller as well.
Auto-correlation | 0.33 |
Below average predictability
Finisterre Unconstrained Emerging has below average predictability. Overlapping area represents the amount of predictability between Finisterre Unconstrained time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 Finisterre Unconstrained price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Finisterre Unconstrained price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Finisterre Unconstrained lagged returns against current returns
Autocorrelation, which is Finisterre Unconstrained 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 Finisterre Unconstrained's mutual fund expected returns. We can calculate the autocorrelation of Finisterre Unconstrained returns to help us make a trade decision. For example, suppose you find that Finisterre Unconstrained 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 |
Finisterre Unconstrained 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 Finisterre Unconstrained mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Finisterre Unconstrained mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Finisterre Unconstrained mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Finisterre Unconstrained Lagged Returns
When evaluating Finisterre Unconstrained's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Finisterre Unconstrained mutual fund have on its future price. Finisterre Unconstrained 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, Finisterre Unconstrained autocorrelation shows the relationship between Finisterre Unconstrained mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Finisterre Unconstrained Emerging.
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 Finisterre Mutual Fund
Finisterre Unconstrained financial ratios help investors to determine whether Finisterre 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 Finisterre with respect to the benefits of owning Finisterre Unconstrained security.
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