Ancora Microcap Fund Market Value
| ANCIX Fund | USD 16.48 0.16 0.96% |
| Symbol | Ancora |
Ancora Microcap '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 Ancora Microcap'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 Ancora Microcap.
| 10/21/2023 |
| 04/18/2024 |
If you would invest 0.00 in Ancora Microcap on October 21, 2023 and sell it all today you would earn a total of 0.00 from holding Ancora Microcap Fund or generate 0.0% return on investment in Ancora Microcap over 180 days. Ancora Microcap is related to or competes with Guidepath Managed, Ab Bond, Short Duration, Ab Bond, Fs Managed, and Ab Bond. Under normal circumstances, the fund invests at least 80 percent of the assets in equity securities of companies whose e... More
Ancora Microcap 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 Ancora Microcap'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 Ancora Microcap Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9528 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 4.37 | |||
| Value At Risk | (1.64) | |||
| Potential Upside | 1.53 |
Ancora Microcap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ancora Microcap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ancora Microcap's standard deviation. In reality, there are many statistical measures that can use Ancora Microcap historical prices to predict the future Ancora Microcap's volatility.| Risk Adjusted Performance | 0.0292 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0265 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ancora Microcap'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.
Ancora Microcap Backtested Returns
We consider Ancora Microcap out of control. Ancora Microcap secures Sharpe Ratio (or Efficiency) of 0.0494, which signifies that the fund had a 0.0494% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Ancora Microcap Fund, which you can use to evaluate the volatility of the entity. Please confirm Ancora Microcap's risk adjusted performance of 0.0292, and Mean Deviation of 0.7436 to double-check if the risk estimate we provide is consistent with the expected return of 0.0475%. The fund shows a Beta (market volatility) of 1.09, which signifies a somewhat significant risk relative to the market. Ancora Microcap returns are very sensitive to returns on the market. As the market goes up or down, Ancora Microcap is expected to follow.
Auto-correlation | 0.77 |
Good predictability
Ancora Microcap Fund has good predictability. Overlapping area represents the amount of predictability between Ancora Microcap time series from 21st of October 2023 to 19th of January 2024 and 19th of January 2024 to 18th of April 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 Ancora Microcap price movement. The serial correlation of 0.77 indicates that around 77.0% of current Ancora Microcap price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Ancora Microcap lagged returns against current returns
Autocorrelation, which is Ancora Microcap 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 Ancora Microcap's mutual fund expected returns. We can calculate the autocorrelation of Ancora Microcap returns to help us make a trade decision. For example, suppose you find that Ancora Microcap 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 |
Ancora Microcap 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 Ancora Microcap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ancora Microcap mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ancora Microcap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ancora Microcap Lagged Returns
When evaluating Ancora Microcap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ancora Microcap mutual fund have on its future price. Ancora Microcap 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, Ancora Microcap autocorrelation shows the relationship between Ancora Microcap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ancora Microcap Fund.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Ancora Microcap in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Ancora Microcap's short interest history, or implied volatility extrapolated from Ancora Microcap options trading.
Pair Trading with Ancora Microcap
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ancora Microcap position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ancora Microcap will appreciate offsetting losses from the drop in the long position's value.Moving together with Ancora Mutual Fund
| 0.76 | AAIIX | Ancora Me Fund | PairCorr |
| 0.9 | AATSX | Ancorathelen Small Mid | PairCorr |
| 0.9 | AATIX | Ancorathelen Small Mid | PairCorr |
| 0.71 | ADEIX | Proxy Voting Where | PairCorr |
The ability to find closely correlated positions to Ancora Microcap could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ancora Microcap when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ancora Microcap - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ancora Microcap Fund to buy it.
The correlation of Ancora Microcap is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ancora Microcap moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ancora Microcap moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ancora Microcap can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Ancora Microcap Correlation, Ancora Microcap Volatility and Ancora Microcap Alpha and Beta module to complement your research on Ancora Microcap. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Ancora Microcap technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.