Ab Sustainable Thematic Fund Market Value
| SUTCX Fund | USD 20.13 0.06 0.30% |
| Symbol | SUTCX |
Ab Sustainable '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 Ab Sustainable'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 Ab Sustainable.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Ab Sustainable on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Ab Sustainable Thematic or generate 0.0% return on investment in Ab Sustainable over 90 days. Ab Sustainable is related to or competes with Multimedia Portfolio, Sarofim Equity, The Gabelli, Huber Capital, The Gabelli, Small Cap, and Ms Global. Under normal conditions, the fund invests at least 80 percent of its net assets in equity securities of U.S More
Ab Sustainable 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 Ab Sustainable'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 Ab Sustainable Thematic upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8606 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 3.96 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 1.11 |
Ab Sustainable Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ab Sustainable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ab Sustainable's standard deviation. In reality, there are many statistical measures that can use Ab Sustainable historical prices to predict the future Ab Sustainable's volatility.| Risk Adjusted Performance | 0.0421 | |||
| Jensen Alpha | 0.0265 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | 0.7953 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ab Sustainable'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.
Ab Sustainable Thematic Backtested Returns
At this stage we consider SUTCX Mutual Fund to be very steady. Ab Sustainable Thematic retains Efficiency (Sharpe Ratio) of 0.0555, which signifies that the fund had a 0.0555% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for Ab Sustainable, which you can use to evaluate the volatility of the entity. Please confirm Ab Sustainable's Market Risk Adjusted Performance of 0.8053, standard deviation of 0.7395, and Coefficient Of Variation of 1802.89 to double-check if the risk estimate we provide is consistent with the expected return of 0.041%. The fund owns a Beta (Systematic Risk) of 0.039, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Ab Sustainable's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ab Sustainable is expected to be smaller as well.
Auto-correlation | -0.4 |
Poor reverse predictability
Ab Sustainable Thematic has poor reverse predictability. Overlapping area represents the amount of predictability between Ab Sustainable time series from 31st of August 2024 to 15th of October 2024 and 15th of October 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 Ab Sustainable Thematic price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Ab Sustainable price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Ab Sustainable Thematic lagged returns against current returns
Autocorrelation, which is Ab Sustainable 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 Ab Sustainable's mutual fund expected returns. We can calculate the autocorrelation of Ab Sustainable returns to help us make a trade decision. For example, suppose you find that Ab Sustainable 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 |
Ab Sustainable 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 Ab Sustainable mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ab Sustainable mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ab Sustainable mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ab Sustainable Lagged Returns
When evaluating Ab Sustainable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ab Sustainable mutual fund have on its future price. Ab Sustainable 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, Ab Sustainable autocorrelation shows the relationship between Ab Sustainable mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ab Sustainable Thematic.
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 SUTCX Mutual Fund
Ab Sustainable financial ratios help investors to determine whether SUTCX 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 SUTCX with respect to the benefits of owning Ab Sustainable security.
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