Alphacentric Symmetry Strategy Fund Market Value
| SYMAX Fund | USD 12.60 0.11 0.88% |
| Symbol | Alphacentric |
Alphacentric Symmetry '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 Alphacentric Symmetry'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 Alphacentric Symmetry.
| 08/02/2023 |
| 11/24/2024 |
If you would invest 0.00 in Alphacentric Symmetry on August 2, 2023 and sell it all today you would earn a total of 0.00 from holding Alphacentric Symmetry Strategy or generate 0.0% return on investment in Alphacentric Symmetry over 480 days. Alphacentric Symmetry is related to or competes with Dodge Cox, T Rowe, Mirova Global, Ab Global, Nuveen Global, Us Global, and Ab Global. The funds investment sub-advisor, Mount Lucas Management LP , seeks to achieve its investment objective by employing two... More
Alphacentric Symmetry 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 Alphacentric Symmetry'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 Alphacentric Symmetry Strategy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6985 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 2.8 | |||
| Value At Risk | (0.97) | |||
| Potential Upside | 0.9756 |
Alphacentric Symmetry Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alphacentric Symmetry's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alphacentric Symmetry's standard deviation. In reality, there are many statistical measures that can use Alphacentric Symmetry historical prices to predict the future Alphacentric Symmetry's volatility.| Risk Adjusted Performance | 0.0658 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | 0.0794 |
Alphacentric Symmetry Backtested Returns
At this stage we consider Alphacentric Mutual Fund to be very steady. Alphacentric Symmetry secures Sharpe Ratio (or Efficiency) of 0.0689, which signifies that the fund had a 0.0689% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Alphacentric Symmetry Strategy, which you can use to evaluate the volatility of the entity. Please confirm Alphacentric Symmetry's Downside Deviation of 0.6985, risk adjusted performance of 0.0658, and Mean Deviation of 0.5372 to double-check if the risk estimate we provide is consistent with the expected return of 0.0455%. The fund shows a Beta (market volatility) of 0.61, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alphacentric Symmetry's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alphacentric Symmetry is expected to be smaller as well.
Auto-correlation | 0.18 |
Very weak predictability
Alphacentric Symmetry Strategy has very weak predictability. Overlapping area represents the amount of predictability between Alphacentric Symmetry time series from 2nd of August 2023 to 29th of March 2024 and 29th of March 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 Alphacentric Symmetry price movement. The serial correlation of 0.18 indicates that over 18.0% of current Alphacentric Symmetry price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Alphacentric Symmetry lagged returns against current returns
Autocorrelation, which is Alphacentric Symmetry 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 Alphacentric Symmetry's mutual fund expected returns. We can calculate the autocorrelation of Alphacentric Symmetry returns to help us make a trade decision. For example, suppose you find that Alphacentric Symmetry 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 |
Alphacentric Symmetry 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 Alphacentric Symmetry mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alphacentric Symmetry mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alphacentric Symmetry mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Alphacentric Symmetry Lagged Returns
When evaluating Alphacentric Symmetry's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alphacentric Symmetry mutual fund have on its future price. Alphacentric Symmetry 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, Alphacentric Symmetry autocorrelation shows the relationship between Alphacentric Symmetry mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Alphacentric Symmetry Strategy.
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 Alphacentric Mutual Fund
Alphacentric Symmetry financial ratios help investors to determine whether Alphacentric 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 Alphacentric with respect to the benefits of owning Alphacentric Symmetry security.
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