Altegrisaaca Opportunistic Real Fund Market Value
| RAAAX Fund | USD 13.76 0.11 0.81% |
| Symbol | Altegris/aaca |
Altegris/aaca Opportunistic '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 Altegris/aaca Opportunistic'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 Altegris/aaca Opportunistic.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Altegris/aaca Opportunistic on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Altegrisaaca Opportunistic Real or generate 0.0% return on investment in Altegris/aaca Opportunistic over 30 days. Altegris/aaca Opportunistic is related to or competes with Altegris/aaca Opportunistic, Guggenheim Risk, Real Estate, and Guggenheim Risk. Under normal circumstances, the fund invests at least 80 percent of its net assets in both long and short positions in e... More
Altegris/aaca Opportunistic 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 Altegris/aaca Opportunistic'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 Altegrisaaca Opportunistic Real upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.07 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 4.25 | |||
| Value At Risk | (1.80) | |||
| Potential Upside | 1.53 |
Altegris/aaca Opportunistic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altegris/aaca Opportunistic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Altegris/aaca Opportunistic's standard deviation. In reality, there are many statistical measures that can use Altegris/aaca Opportunistic historical prices to predict the future Altegris/aaca Opportunistic's volatility.| Risk Adjusted Performance | 0.0855 | |||
| Jensen Alpha | 0.0059 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1359 |
Altegris/aaca Opportunistic Backtested Returns
At this stage we consider Altegris/aaca Mutual Fund to be very steady. Altegris/aaca Opportunistic secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the fund had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Altegrisaaca Opportunistic Real, which you can use to evaluate the volatility of the entity. Please confirm Altegris/aaca Opportunistic's Mean Deviation of 0.7502, downside deviation of 1.07, and Risk Adjusted Performance of 0.0855 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. The fund shows a Beta (market volatility) of 0.71, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Altegris/aaca Opportunistic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Altegris/aaca Opportunistic is expected to be smaller as well.
Auto-correlation | 0.04 |
Virtually no predictability
Altegrisaaca Opportunistic Real has virtually no predictability. Overlapping area represents the amount of predictability between Altegris/aaca Opportunistic time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Altegris/aaca Opportunistic price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Altegris/aaca Opportunistic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Altegris/aaca Opportunistic lagged returns against current returns
Autocorrelation, which is Altegris/aaca Opportunistic 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 Altegris/aaca Opportunistic's mutual fund expected returns. We can calculate the autocorrelation of Altegris/aaca Opportunistic returns to help us make a trade decision. For example, suppose you find that Altegris/aaca Opportunistic 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 |
Altegris/aaca Opportunistic 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 Altegris/aaca Opportunistic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Altegris/aaca Opportunistic mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Altegris/aaca Opportunistic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Altegris/aaca Opportunistic Lagged Returns
When evaluating Altegris/aaca Opportunistic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Altegris/aaca Opportunistic mutual fund have on its future price. Altegris/aaca Opportunistic 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, Altegris/aaca Opportunistic autocorrelation shows the relationship between Altegris/aaca Opportunistic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Altegrisaaca Opportunistic Real.
Regressed Prices |
| Timeline |
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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 Altegris/aaca Mutual Fund
Altegris/aaca Opportunistic financial ratios help investors to determine whether Altegris/aaca 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 Altegris/aaca with respect to the benefits of owning Altegris/aaca Opportunistic security.
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