Government Long Bond Fund Market Value
| RYHBX Fund | USD 22.64 0.24 1.07% |
| Symbol | Government |
Government Long '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 Government Long'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 Government Long.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Government Long on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Government Long Bond or generate 0.0% return on investment in Government Long over 180 days. Government Long is related to or competes with Us Government, HUMANA, Barloworld, Thrivent High, Morningstar Unconstrained, High-yield Municipal, and Via Renewables. The fund will invest at least 80 percent of its net assets, plus any borrowings for investment purposes, in fixed income... More
Government Long 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 Government Long'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 Government Long Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 5.11 | |||
| Value At Risk | (1.87) | |||
| Potential Upside | 1.64 |
Government Long Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Government Long's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Government Long's standard deviation. In reality, there are many statistical measures that can use Government Long historical prices to predict the future Government Long's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | 0.299 |
Government Long Bond Backtested Returns
Government Long Bond holds Efficiency (Sharpe) Ratio of -0.0682, which attests that the entity had a -0.0682% return per unit of risk over the last 3 months. Government Long Bond exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Government Long's Risk Adjusted Performance of (0.06), standard deviation of 1.06, and Market Risk Adjusted Performance of 0.309 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of -0.31, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Government Long are expected to decrease at a much lower rate. During the bear market, Government Long is likely to outperform the market.
Auto-correlation | -0.68 |
Very good reverse predictability
Government Long Bond has very good reverse predictability. Overlapping area represents the amount of predictability between Government Long time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th 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 Government Long Bond price movement. The serial correlation of -0.68 indicates that around 68.0% of current Government Long price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 1.02 |
Government Long Bond lagged returns against current returns
Autocorrelation, which is Government Long 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 Government Long's mutual fund expected returns. We can calculate the autocorrelation of Government Long returns to help us make a trade decision. For example, suppose you find that Government Long 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 |
Government Long 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 Government Long mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Government Long mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Government Long mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Government Long Lagged Returns
When evaluating Government Long's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Government Long mutual fund have on its future price. Government Long 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, Government Long autocorrelation shows the relationship between Government Long mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Government Long Bond.
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 Government Mutual Fund
Government Long financial ratios help investors to determine whether Government 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 Government with respect to the benefits of owning Government Long security.
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