One Choice Portfolio Fund Market Value
| AOGIX Fund | USD 15.72 0.07 0.45% |
| Symbol | One |
One Choice '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 One Choice'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 One Choice.
| 04/16/2024 |
| 05/16/2024 |
If you would invest 0.00 in One Choice on April 16, 2024 and sell it all today you would earn a total of 0.00 from holding One Choice Portfolio or generate 0.0% return on investment in One Choice over 30 days. One Choice is related to or competes with One Choice, One Choice, One Choice, One Choice, and Emerging Markets. The fund invests in other American Century Investments mutual funds that represent a variety of asset classes and invest... More
One Choice 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 One Choice'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 One Choice Portfolio upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.548 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 2.56 | |||
| Value At Risk | (0.91) | |||
| Potential Upside | 0.915 |
One Choice Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for One Choice's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as One Choice's standard deviation. In reality, there are many statistical measures that can use One Choice historical prices to predict the future One Choice's volatility.| Risk Adjusted Performance | 0.0709 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0765 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of One Choice'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.
One Choice Portfolio Backtested Returns
We consider One Choice very steady. One Choice Portfolio maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for One Choice Portfolio, which you can use to evaluate the volatility of the fund. Please check One Choice's Semi Deviation of 0.443, coefficient of variation of 865.17, and Risk Adjusted Performance of 0.0709 to confirm if the risk estimate we provide is consistent with the expected return of 0.0675%. The fund holds a Beta of 0.7, which implies possible diversification benefits within a given portfolio. As returns on the market increase, One Choice's returns are expected to increase less than the market. However, during the bear market, the loss of holding One Choice is expected to be smaller as well.
Auto-correlation | 0.57 |
Modest predictability
One Choice Portfolio has modest predictability. Overlapping area represents the amount of predictability between One Choice time series from 16th of April 2024 to 1st of May 2024 and 1st of May 2024 to 16th of May 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 One Choice Portfolio price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current One Choice price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
One Choice Portfolio lagged returns against current returns
Autocorrelation, which is One Choice 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 One Choice's mutual fund expected returns. We can calculate the autocorrelation of One Choice returns to help us make a trade decision. For example, suppose you find that One Choice 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 |
One Choice 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 One Choice mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if One Choice mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in One Choice mutual fund over time.
Current vs Lagged Prices |
| Timeline |
One Choice Lagged Returns
When evaluating One Choice's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of One Choice mutual fund have on its future price. One Choice 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, One Choice autocorrelation shows the relationship between One Choice mutual fund current value and its past values and can show if there is a momentum factor associated with investing in One Choice Portfolio.
Regressed Prices |
| Timeline |
Pair Trading with One Choice
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 One Choice 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 One Choice will appreciate offsetting losses from the drop in the long position's value.Moving together with One Mutual Fund
| 0.93 | FFIFX | American Funds | PairCorr |
| 0.93 | FAIFX | American Funds | PairCorr |
| 0.95 | IFACX | Income Fund | PairCorr |
| 0.94 | IFAFX | Income Fund | PairCorr |
| 0.63 | AMECX | Income Fund | PairCorr |
The ability to find closely correlated positions to One Choice could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace One Choice 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 One Choice - 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 One Choice Portfolio to buy it.
The correlation of One Choice 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 One Choice moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if One Choice Portfolio 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 One Choice 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 One Choice Correlation, One Choice Volatility and One Choice Alpha and Beta module to complement your research on One Choice. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
One Choice 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.