13d Activist Fund Market Value
| DDDAX Fund | USD 21.00 0.01 0.05% |
| Symbol | 13d |
13d Activist '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 13d Activist'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 13d Activist.
| 01/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in 13d Activist on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding 13d Activist Fund or generate 0.0% return on investment in 13d Activist over 90 days. 13d Activist is related to or competes with 13d Activist, 13d Activist, Fidelity Advisor, Columbia Select, and The Disciplined. The fund invests primarily in common stocks of U.S More
13d Activist 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 13d Activist'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 13d Activist Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.02 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 4.31 | |||
| Value At Risk | (1.65) | |||
| Potential Upside | 1.3 |
13d Activist Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 13d Activist's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 13d Activist's standard deviation. In reality, there are many statistical measures that can use 13d Activist historical prices to predict the future 13d Activist's volatility.| Risk Adjusted Performance | 0.015 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0064 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 13d Activist'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.
13d Activist Backtested Returns
We consider 13d Activist very steady. 13d Activist secures Sharpe Ratio (or Efficiency) of 0.0186, which signifies that the fund had a 0.0186% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for 13d Activist Fund, which you can use to evaluate the volatility of the entity. Please confirm 13d Activist's Semi Deviation of 0.9932, mean deviation of 0.7151, and Coefficient Of Variation of 5387.68 to double-check if the risk estimate we provide is consistent with the expected return of 0.0175%. The entity shows a Beta (market volatility) of 1.16, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, 13d Activist will likely underperform.
Auto-correlation | -0.25 |
Weak reverse predictability
13d Activist Fund has weak reverse predictability. Overlapping area represents the amount of predictability between 13d Activist time series from 26th of January 2024 to 11th of March 2024 and 11th of March 2024 to 25th 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 13d Activist price movement. The serial correlation of -0.25 indicates that over 25.0% of current 13d Activist price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
13d Activist lagged returns against current returns
Autocorrelation, which is 13d Activist 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 13d Activist's mutual fund expected returns. We can calculate the autocorrelation of 13d Activist returns to help us make a trade decision. For example, suppose you find that 13d Activist 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 |
13d Activist 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 13d Activist mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 13d Activist mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 13d Activist mutual fund over time.
Current vs Lagged Prices |
| Timeline |
13d Activist Lagged Returns
When evaluating 13d Activist's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 13d Activist mutual fund have on its future price. 13d Activist 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, 13d Activist autocorrelation shows the relationship between 13d Activist mutual fund current value and its past values and can show if there is a momentum factor associated with investing in 13d Activist Fund.
Regressed Prices |
| Timeline |
Pair Trading with 13d Activist
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 13d Activist 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 13d Activist will appreciate offsetting losses from the drop in the long position's value.Moving together with 13d Mutual Fund
| 1.0 | DDDIX | 13d Activist | PairCorr |
| 1.0 | DDDCX | 13d Activist | PairCorr |
| 0.61 | VIMAX | Vanguard Mid Cap | PairCorr |
| 0.69 | VIMSX | Vanguard Mid Cap | PairCorr |
The ability to find closely correlated positions to 13d Activist could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 13d Activist 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 13d Activist - 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 13d Activist Fund to buy it.
The correlation of 13d Activist 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 13d Activist moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 13d Activist 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 13d Activist 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 13d Activist Correlation, 13d Activist Volatility and 13d Activist Alpha and Beta module to complement your research on 13d Activist. Note that the 13d Activist information on this page should be used as a complementary analysis to other 13d Activist's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
13d Activist 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.