Short Precious Metals Fund Market Value
| SPPIX Fund | USD 8.61 0.26 2.93% |
| Symbol | Short |
Short Precious '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 Precious' 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 Precious.
| 02/18/2023 |
| 02/07/2025 |
If you would invest 0.00 in Short Precious on February 18, 2023 and sell it all today you would earn a total of 0.00 from holding Short Precious Metals or generate 0.0% return on investment in Short Precious over 720 days. Short Precious is related to or competes with T Rowe, Nasdaq 100, Midas Fund, Blrc Sgy, T Rowe, Kinetics Global, and Western Asset. The fund invests in financial instruments that the fund Advisors believes, in combination, should produce daily returns ... More
Short Precious 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 Precious' 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 Precious Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.06 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 10.57 | |||
| Value At Risk | (3.35) | |||
| Potential Upside | 3.21 |
Short Precious Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Short Precious' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Short Precious' standard deviation. In reality, there are many statistical measures that can use Short Precious historical prices to predict the future Short Precious' volatility.| Risk Adjusted Performance | 0.0062 | |||
| Jensen Alpha | 0.0072 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0492 |
Short Precious Metals Backtested Returns
Short Precious Metals 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. Short Precious Metals exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Short Precious' Risk Adjusted Performance of 0.0062, semi deviation of 2.0, and Coefficient Of Variation of 273053.67 to confirm the risk estimate we provide. The entity has a beta of -0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Short Precious are expected to decrease at a much lower rate. During the bear market, Short Precious is likely to outperform the market.
Auto-correlation | -0.31 |
Poor reverse predictability
Short Precious Metals has poor reverse predictability. Overlapping area represents the amount of predictability between Short Precious time series from 18th of February 2023 to 13th of February 2024 and 13th of February 2024 to 7th 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 Precious Metals price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Short Precious price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 1.62 |
Short Precious Metals lagged returns against current returns
Autocorrelation, which is Short Precious 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 Precious' mutual fund expected returns. We can calculate the autocorrelation of Short Precious returns to help us make a trade decision. For example, suppose you find that Short Precious 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 Precious 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 Precious mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Short Precious 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 Precious mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Short Precious Lagged Returns
When evaluating Short Precious' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Short Precious mutual fund have on its future price. Short Precious 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 Precious autocorrelation shows the relationship between Short Precious mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Short Precious Metals.
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 Precious 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 Precious security.
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