Reaves Utility If Fund Market Value
| UTG Fund | USD 33.59 0.23 0.69% |
| Symbol | Reaves |
Reaves Utility '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 Reaves Utility's 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 Reaves Utility.
| 01/29/2023 |
| 01/18/2025 |
If you would invest 0.00 in Reaves Utility on January 29, 2023 and sell it all today you would earn a total of 0.00 from holding Reaves Utility If or generate 0.0% return on investment in Reaves Utility over 720 days. Reaves Utility is related to or competes with Cohen Steers, Cohen Steers, Pimco Corporate, Tekla Healthcare, Cohen, Cohen Steers, and Pimco Dynamic. Reaves Utility Income Fund is a closed ended balanced mutual fund launched and managed by W More
Reaves Utility 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 Reaves Utility's 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 Reaves Utility If upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.42 | |||
| Information Ratio | 0.1042 | |||
| Maximum Drawdown | 4.92 | |||
| Value At Risk | (1.89) | |||
| Potential Upside | 1.69 |
Reaves Utility Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Reaves Utility's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Reaves Utility's standard deviation. In reality, there are many statistical measures that can use Reaves Utility historical prices to predict the future Reaves Utility's volatility.| Risk Adjusted Performance | 0.0946 | |||
| Jensen Alpha | 0.117 | |||
| Total Risk Alpha | 0.1203 | |||
| Sortino Ratio | 0.0838 | |||
| Treynor Ratio | 0.2811 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Reaves Utility'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.
Reaves Utility If Backtested Returns
At this point, Reaves Utility is very steady. Reaves Utility If maintains Sharpe Ratio (i.e., Efficiency) of 0.0675, which implies the entity had a 0.0675% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Reaves Utility If, which you can use to evaluate the volatility of the fund. Please check Reaves Utility's Risk Adjusted Performance of 0.0946, coefficient of variation of 910.08, and Semi Deviation of 1.29 to confirm if the risk estimate we provide is consistent with the expected return of 0.0779%. The fund holds a Beta of 0.41, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Reaves Utility's returns are expected to increase less than the market. However, during the bear market, the loss of holding Reaves Utility is expected to be smaller as well.
Auto-correlation | -0.38 |
Poor reverse predictability
Reaves Utility If has poor reverse predictability. Overlapping area represents the amount of predictability between Reaves Utility time series from 29th of January 2023 to 24th of January 2024 and 24th of January 2024 to 18th of January 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 Reaves Utility If price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Reaves Utility price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 10.7 |
Reaves Utility If lagged returns against current returns
Autocorrelation, which is Reaves Utility 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 Reaves Utility's fund expected returns. We can calculate the autocorrelation of Reaves Utility returns to help us make a trade decision. For example, suppose you find that Reaves Utility has exhibited high autocorrelation historically, and you observe that the 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 |
Reaves Utility 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 Reaves Utility fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Reaves Utility fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Reaves Utility fund over time.
Current vs Lagged Prices |
| Timeline |
Reaves Utility Lagged Returns
When evaluating Reaves Utility's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Reaves Utility fund have on its future price. Reaves Utility 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, Reaves Utility autocorrelation shows the relationship between Reaves Utility fund current value and its past values and can show if there is a momentum factor associated with investing in Reaves Utility If.
Regressed Prices |
| Timeline |
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Other Information on Investing in Reaves Fund
Reaves Utility financial ratios help investors to determine whether Reaves 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 Reaves with respect to the benefits of owning Reaves Utility security.
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