Ultra Short Fixed Income Fund Market Value
| SWSFX Fund | USD 10.30 0.00 0.00% |
| Symbol | Ultra-short |
Ultra-short Fixed '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 Ultra-short Fixed'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 Ultra-short Fixed.
| 10/22/2024 |
| 11/21/2024 |
If you would invest 0.00 in Ultra-short Fixed on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding Ultra Short Fixed Income or generate 0.0% return on investment in Ultra-short Fixed over 30 days. Ultra-short Fixed is related to or competes with Short Term, Putnam Ultra, Lord Abbett, Vanguard Ultra-short-term, and Putnam Short. The fund will, under normal circumstances, invest primarily in fixed-income securities More
Ultra-short Fixed 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 Ultra-short Fixed'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 Ultra Short Fixed Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1064 | |||
| Information Ratio | (0.77) | |||
| Maximum Drawdown | 0.5884 | |||
| Value At Risk | (0.1) | |||
| Potential Upside | 0.0983 |
Ultra-short Fixed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ultra-short Fixed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ultra-short Fixed's standard deviation. In reality, there are many statistical measures that can use Ultra-short Fixed historical prices to predict the future Ultra-short Fixed's volatility.| Risk Adjusted Performance | 0.0809 | |||
| Jensen Alpha | 0.0097 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.72) | |||
| Treynor Ratio | (2.21) |
Ultra Short Fixed Backtested Returns
At this stage we consider Ultra-short Mutual Fund to be very steady. Ultra Short Fixed owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the fund had a 0.18% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Ultra Short Fixed Income, which you can use to evaluate the volatility of the fund. Please validate Ultra-short Fixed's Risk Adjusted Performance of 0.0809, standard deviation of 0.0988, and Downside Deviation of 0.1064 to confirm if the risk estimate we provide is consistent with the expected return of 0.0184%. The entity has a beta of -0.0042, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ultra-short Fixed are expected to decrease at a much lower rate. During the bear market, Ultra-short Fixed is likely to outperform the market.
Auto-correlation | -0.38 |
Poor reverse predictability
Ultra Short Fixed Income has poor reverse predictability. Overlapping area represents the amount of predictability between Ultra-short Fixed time series from 22nd of October 2024 to 6th of November 2024 and 6th of November 2024 to 21st 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 Ultra Short Fixed price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Ultra-short Fixed price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ultra Short Fixed lagged returns against current returns
Autocorrelation, which is Ultra-short Fixed 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 Ultra-short Fixed's mutual fund expected returns. We can calculate the autocorrelation of Ultra-short Fixed returns to help us make a trade decision. For example, suppose you find that Ultra-short Fixed 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 |
Ultra-short Fixed 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 Ultra-short Fixed mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ultra-short Fixed mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ultra-short Fixed mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ultra-short Fixed Lagged Returns
When evaluating Ultra-short Fixed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ultra-short Fixed mutual fund have on its future price. Ultra-short Fixed 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, Ultra-short Fixed autocorrelation shows the relationship between Ultra-short Fixed mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ultra Short Fixed Income.
Regressed Prices |
| Timeline |
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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 Ultra-short Mutual Fund
Ultra-short Fixed financial ratios help investors to determine whether Ultra-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 Ultra-short with respect to the benefits of owning Ultra-short Fixed security.
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