Alliancebernstein Global Highome Fund Market Value
| XAWFX Fund | USD 11.31 0.02 0.18% |
| Symbol | Alliancebernstein |
Please note, there is a significant difference between Alliancebernstein's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alliancebernstein is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alliancebernstein's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Alliancebernstein '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 Alliancebernstein'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 Alliancebernstein.
| 12/09/2024 |
| 01/08/2025 |
If you would invest 0.00 in Alliancebernstein on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding Alliancebernstein Global Highome or generate 0.0% return on investment in Alliancebernstein over 30 days. Alliancebernstein is related to or competes with T Rowe, Stone Ridge, Tiaa-cref Small-cap, Jhancock Diversified, Schwab Small-cap, Delaware Limited, and Lord Abbett. Alliancebernstein is entity of United States More
Alliancebernstein 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 Alliancebernstein'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 Alliancebernstein Global Highome upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 0.879 | |||
| Value At Risk | (0.44) | |||
| Potential Upside | 0.1759 |
Alliancebernstein Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alliancebernstein's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alliancebernstein's standard deviation. In reality, there are many statistical measures that can use Alliancebernstein historical prices to predict the future Alliancebernstein's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (1.66) |
Alliancebernstein Backtested Returns
Alliancebernstein secures Sharpe Ratio (or Efficiency) of -0.0421, which signifies that the fund had a -0.0421% return per unit of risk over the last 3 months. Alliancebernstein Global Highome exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alliancebernstein's Standard Deviation of 0.1782, risk adjusted performance of (0.14), and Mean Deviation of 0.1251 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0196, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Alliancebernstein's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alliancebernstein is expected to be smaller as well.
Auto-correlation | 0.49 |
Average predictability
Alliancebernstein Global Highome has average predictability. Overlapping area represents the amount of predictability between Alliancebernstein time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th 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 Alliancebernstein price movement. The serial correlation of 0.49 indicates that about 49.0% of current Alliancebernstein price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Alliancebernstein lagged returns against current returns
Autocorrelation, which is Alliancebernstein 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 Alliancebernstein's mutual fund expected returns. We can calculate the autocorrelation of Alliancebernstein returns to help us make a trade decision. For example, suppose you find that Alliancebernstein 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 |
Alliancebernstein 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 Alliancebernstein mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alliancebernstein mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alliancebernstein mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Alliancebernstein Lagged Returns
When evaluating Alliancebernstein's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alliancebernstein mutual fund have on its future price. Alliancebernstein 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, Alliancebernstein autocorrelation shows the relationship between Alliancebernstein mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Alliancebernstein Global Highome.
Regressed Prices |
| Timeline |
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Other Information on Investing in Alliancebernstein Mutual Fund
Alliancebernstein financial ratios help investors to determine whether Alliancebernstein 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 Alliancebernstein with respect to the benefits of owning Alliancebernstein security.
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