Short Oil Gas Fund Market Value
| SNPSX Fund | USD 12.92 0.35 2.78% |
| Symbol | Short |
Short Oil '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 Short Oil'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 Short Oil.
| 01/04/2025 |
| 02/03/2025 |
If you would invest 0.00 in Short Oil on January 4, 2025 and sell it all today you would earn a total of 0.00 from holding Short Oil Gas or generate 0.0% return on investment in Short Oil over 30 days. Short Oil is related to or competes with Franklin Adjustable, Goldman Sachs, Ishares Municipal, Gamco Global, and Jpmorgan Ultra-short. The fund invests in financial instruments that the fund Advisors believes, in combination, should produce daily returns ... More
Short Oil 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 Short Oil'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 Short Oil Gas upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.12 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 5.35 | |||
| Value At Risk | (1.37) | |||
| Potential Upside | 2.24 |
Short Oil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Short Oil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Short Oil's standard deviation. In reality, there are many statistical measures that can use Short Oil historical prices to predict the future Short Oil's volatility.| Risk Adjusted Performance | 0.041 | |||
| Jensen Alpha | 0.0672 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Short Oil's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Short Oil Gas Backtested Returns
At this stage we consider Short Mutual Fund to be very steady. Short Oil Gas owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0526, which indicates the fund had a 0.0526 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Short Oil Gas, which you can use to evaluate the volatility of the fund. Please validate Short Oil's Semi Deviation of 1.04, coefficient of variation of 2196.02, and Risk Adjusted Performance of 0.041 to confirm if the risk estimate we provide is consistent with the expected return of 0.0619%. The entity has a beta of -0.35, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Short Oil are expected to decrease at a much lower rate. During the bear market, Short Oil is likely to outperform the market.
Auto-correlation | -0.93 |
Near perfect reversele predictability
Short Oil Gas has near perfect reversele predictability. Overlapping area represents the amount of predictability between Short Oil time series from 4th of January 2025 to 19th of January 2025 and 19th of January 2025 to 3rd of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Short Oil Gas price movement. The serial correlation of -0.93 indicates that approximately 93.0% of current Short Oil price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.93 | |
| Spearman Rank Test | -0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Short Oil Gas lagged returns against current returns
Autocorrelation, which is Short Oil 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 Short Oil's mutual fund expected returns. We can calculate the autocorrelation of Short Oil returns to help us make a trade decision. For example, suppose you find that Short Oil 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 |
Short Oil 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 Short Oil mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Short Oil mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Short Oil mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Short Oil Lagged Returns
When evaluating Short Oil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Short Oil mutual fund have on its future price. Short Oil 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, Short Oil autocorrelation shows the relationship between Short Oil mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Short Oil Gas.
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 Short Mutual Fund
Short Oil financial ratios help investors to determine whether Short 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 Short with respect to the benefits of owning Short Oil security.
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