Sextant Bond Income Fund Market Value
| SBIFX Fund | USD 4.41 0.02 0.45% |
| Symbol | Sextant |
Sextant Bond '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 Sextant Bond'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 Sextant Bond.
| 10/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in Sextant Bond on October 13, 2024 and sell it all today you would earn a total of 0.00 from holding Sextant Bond Income or generate 0.0% return on investment in Sextant Bond over 60 days. Sextant Bond is related to or competes with Sextant Growth, Sextant International, Sextant Short, Sextant E, Sextant Global, and Sextant Growth. The fund invests at least 80 percent of its net assets in bonds, including corporate and government bonds More
Sextant Bond 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 Sextant Bond'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 Sextant Bond Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.44) | |||
| Maximum Drawdown | 1.6 | |||
| Value At Risk | (0.68) | |||
| Potential Upside | 0.4566 |
Sextant Bond Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sextant Bond's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sextant Bond's standard deviation. In reality, there are many statistical measures that can use Sextant Bond historical prices to predict the future Sextant Bond's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | 3.62 |
Sextant Bond Income Backtested Returns
Sextant Bond Income owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the fund had a -0.11% return per unit of risk over the last 3 months. Sextant Bond Income exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sextant Bond's Coefficient Of Variation of (935.48), variance of 0.1399, and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The entity has a beta of -0.0138, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sextant Bond are expected to decrease at a much lower rate. During the bear market, Sextant Bond is likely to outperform the market.
Auto-correlation | -0.67 |
Very good reverse predictability
Sextant Bond Income has very good reverse predictability. Overlapping area represents the amount of predictability between Sextant Bond time series from 13th of October 2024 to 12th of November 2024 and 12th of November 2024 to 12th 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 Sextant Bond Income price movement. The serial correlation of -0.67 indicates that around 67.0% of current Sextant Bond price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sextant Bond Income lagged returns against current returns
Autocorrelation, which is Sextant Bond 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 Sextant Bond's mutual fund expected returns. We can calculate the autocorrelation of Sextant Bond returns to help us make a trade decision. For example, suppose you find that Sextant Bond 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 |
Sextant Bond 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 Sextant Bond mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sextant Bond mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sextant Bond mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Sextant Bond Lagged Returns
When evaluating Sextant Bond's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sextant Bond mutual fund have on its future price. Sextant Bond 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, Sextant Bond autocorrelation shows the relationship between Sextant Bond mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sextant Bond 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 Sextant Mutual Fund
Sextant Bond financial ratios help investors to determine whether Sextant 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 Sextant with respect to the benefits of owning Sextant Bond security.
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