Spectrum Unconstrained Fund Market Value
| SUNBX Fund | USD 18.86 0.01 0.05% |
| Symbol | Spectrum |
Spectrum Unconstrained '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 Spectrum Unconstrained'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 Spectrum Unconstrained.
| 09/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Spectrum Unconstrained on September 25, 2024 and sell it all today you would earn a total of 0.00 from holding Spectrum Unconstrained or generate 0.0% return on investment in Spectrum Unconstrained over 60 days. Spectrum Unconstrained is related to or competes with Spectrum Advisors, Ontrack Core, Quantified Market, Quantified Market, Spectrum Low, and Hundredfold Select. The fund invests in a diversified portfolio of primarily fixed income exchange-traded funds and mutual funds that invest... More
Spectrum Unconstrained 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 Spectrum Unconstrained'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 Spectrum Unconstrained upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.276 | |||
| Information Ratio | (0.53) | |||
| Maximum Drawdown | 1.38 | |||
| Value At Risk | (0.37) | |||
| Potential Upside | 0.4213 |
Spectrum Unconstrained Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spectrum Unconstrained's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spectrum Unconstrained's standard deviation. In reality, there are many statistical measures that can use Spectrum Unconstrained historical prices to predict the future Spectrum Unconstrained's volatility.| Risk Adjusted Performance | 0.0017 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.45) | |||
| Treynor Ratio | (0.03) |
Spectrum Unconstrained Backtested Returns
At this stage we consider Spectrum Mutual Fund to be very steady. Spectrum Unconstrained owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0011, which indicates the fund had a 0.0011% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Spectrum Unconstrained, which you can use to evaluate the volatility of the fund. Please validate Spectrum Unconstrained's Coefficient Of Variation of 3079.42, risk adjusted performance of 0.0017, and Semi Deviation of 0.1907 to confirm if the risk estimate we provide is consistent with the expected return of 2.0E-4%. The entity has a beta of 0.0785, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Spectrum Unconstrained's returns are expected to increase less than the market. However, during the bear market, the loss of holding Spectrum Unconstrained is expected to be smaller as well.
Auto-correlation | 0.53 |
Modest predictability
Spectrum Unconstrained has modest predictability. Overlapping area represents the amount of predictability between Spectrum Unconstrained time series from 25th of September 2024 to 25th of October 2024 and 25th of October 2024 to 24th 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 Spectrum Unconstrained price movement. The serial correlation of 0.53 indicates that about 53.0% of current Spectrum Unconstrained price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Spectrum Unconstrained lagged returns against current returns
Autocorrelation, which is Spectrum Unconstrained 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 Spectrum Unconstrained's mutual fund expected returns. We can calculate the autocorrelation of Spectrum Unconstrained returns to help us make a trade decision. For example, suppose you find that Spectrum Unconstrained 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 |
Spectrum Unconstrained 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 Spectrum Unconstrained mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spectrum Unconstrained mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spectrum Unconstrained mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Spectrum Unconstrained Lagged Returns
When evaluating Spectrum Unconstrained's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spectrum Unconstrained mutual fund have on its future price. Spectrum Unconstrained 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, Spectrum Unconstrained autocorrelation shows the relationship between Spectrum Unconstrained mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Spectrum Unconstrained.
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 Spectrum Mutual Fund
Spectrum Unconstrained financial ratios help investors to determine whether Spectrum 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 Spectrum with respect to the benefits of owning Spectrum Unconstrained security.
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