Al Frank Fund Market Value
| VALAX Fund | USD 29.98 0.10 0.33% |
| Symbol | VALAX |
Al Frank '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 Al Frank'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 Al Frank.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Al Frank on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Al Frank Fund or generate 0.0% return on investment in Al Frank over 180 days. Al Frank is related to or competes with Financials Ultrasector, 1919 Financial, Davis Financial, John Hancock, Fidelity Advisor, and Gabelli Global. Under normal market conditions, the Adviser selects equity securities that the adviser believes are out of favor and und... More
Al Frank 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 Al Frank'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 Al Frank Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6424 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 4.05 | |||
| Value At Risk | (0.91) | |||
| Potential Upside | 1.2 |
Al Frank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Al Frank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Al Frank's standard deviation. In reality, there are many statistical measures that can use Al Frank historical prices to predict the future Al Frank's volatility.| Risk Adjusted Performance | 0.1111 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1076 |
Al Frank Fund Backtested Returns
At this stage we consider VALAX Mutual Fund to be very steady. Al Frank Fund retains Efficiency (Sharpe Ratio) of 0.17, which signifies that the fund had a 0.17% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for Al Frank, which you can use to evaluate the volatility of the entity. Please confirm Al Frank's Market Risk Adjusted Performance of 0.1176, coefficient of variation of 688.52, and Standard Deviation of 0.7666 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. The fund owns a Beta (Systematic Risk) of 0.94, which signifies possible diversification benefits within a given portfolio. Al Frank returns are very sensitive to returns on the market. As the market goes up or down, Al Frank is expected to follow.
Auto-correlation | 0.51 |
Modest predictability
Al Frank Fund has modest predictability. Overlapping area represents the amount of predictability between Al Frank time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of December 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 Al Frank Fund price movement. The serial correlation of 0.51 indicates that about 51.0% of current Al Frank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
Al Frank Fund lagged returns against current returns
Autocorrelation, which is Al Frank 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 Al Frank's mutual fund expected returns. We can calculate the autocorrelation of Al Frank returns to help us make a trade decision. For example, suppose you find that Al Frank 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 |
Al Frank 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 Al Frank mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Al Frank mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Al Frank mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Al Frank Lagged Returns
When evaluating Al Frank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Al Frank mutual fund have on its future price. Al Frank 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, Al Frank autocorrelation shows the relationship between Al Frank mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Al Frank Fund.
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 VALAX Mutual Fund
Al Frank financial ratios help investors to determine whether VALAX 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 VALAX with respect to the benefits of owning Al Frank security.
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