Anchor Tactical Equity Fund Market Value
| ATESX Fund | USD 14.10 0.03 0.21% |
| Symbol | Anchor |
Anchor Tactical '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 Anchor Tactical'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 Anchor Tactical.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Anchor Tactical on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Anchor Tactical Equity or generate 0.0% return on investment in Anchor Tactical over 30 days. Anchor Tactical is related to or competes with Anchor Tactical, Catalystmillburn, Anchor Risk, and Anchor Risk. Under normal market conditions, the fund invests, directly or indirectly through unaffiliated exchange traded funds and ... More
Anchor Tactical 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 Anchor Tactical'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 Anchor Tactical Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7442 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.89 | |||
| Value At Risk | (1.39) | |||
| Potential Upside | 1.26 |
Anchor Tactical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Anchor Tactical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Anchor Tactical's standard deviation. In reality, there are many statistical measures that can use Anchor Tactical historical prices to predict the future Anchor Tactical's volatility.| Risk Adjusted Performance | 0.0483 | |||
| Jensen Alpha | 0.0529 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.71) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Anchor Tactical'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.
Anchor Tactical Equity Backtested Returns
We consider Anchor Tactical very steady. Anchor Tactical Equity secures Sharpe Ratio (or Efficiency) of 0.0394, which signifies that the fund had a 0.0394% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Anchor Tactical Equity, which you can use to evaluate the volatility of the entity. Please confirm Anchor Tactical's risk adjusted performance of 0.0483, and Mean Deviation of 0.5998 to double-check if the risk estimate we provide is consistent with the expected return of 0.0307%. The fund shows a Beta (market volatility) of -0.0691, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Anchor Tactical are expected to decrease at a much lower rate. During the bear market, Anchor Tactical is likely to outperform the market.
Auto-correlation | 0.63 |
Good predictability
Anchor Tactical Equity has good predictability. Overlapping area represents the amount of predictability between Anchor Tactical time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Anchor Tactical Equity price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Anchor Tactical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Anchor Tactical Equity lagged returns against current returns
Autocorrelation, which is Anchor Tactical 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 Anchor Tactical's mutual fund expected returns. We can calculate the autocorrelation of Anchor Tactical returns to help us make a trade decision. For example, suppose you find that Anchor Tactical 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 |
Anchor Tactical 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 Anchor Tactical mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Anchor Tactical mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Anchor Tactical mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Anchor Tactical Lagged Returns
When evaluating Anchor Tactical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Anchor Tactical mutual fund have on its future price. Anchor Tactical 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, Anchor Tactical autocorrelation shows the relationship between Anchor Tactical mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Anchor Tactical Equity.
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 Anchor Tactical 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, Anchor Tactical's short interest history, or implied volatility extrapolated from Anchor Tactical options trading.
Pair Trading with Anchor Tactical
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 Anchor Tactical 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 Anchor Tactical will appreciate offsetting losses from the drop in the long position's value.Moving together with Anchor Mutual Fund
| 0.9 | ATAGX | Anchor Risk Managed | PairCorr |
| 0.91 | ATCAX | Anchor Risk Managed | PairCorr |
| 0.91 | ATCSX | Anchor Tactical Credit | PairCorr |
| 1.0 | ATEAX | Anchor Risk Managed | PairCorr |
The ability to find closely correlated positions to Anchor Tactical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Anchor Tactical 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 Anchor Tactical - 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 Anchor Tactical Equity to buy it.
The correlation of Anchor Tactical 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 Anchor Tactical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Anchor Tactical Equity 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 Anchor Tactical 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 Anchor Tactical Correlation, Anchor Tactical Volatility and Anchor Tactical Alpha and Beta module to complement your research on Anchor Tactical. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Anchor Tactical 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.