Ab Virginia Portfolio Fund Market Value
| AVACX Fund | USD 10.30 0.03 0.29% |
| Symbol | AVACX |
Ab Virginia '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 Ab Virginia'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 Ab Virginia.
| 11/01/2023 |
| 04/29/2024 |
If you would invest 0.00 in Ab Virginia on November 1, 2023 and sell it all today you would earn a total of 0.00 from holding Ab Virginia Portfolio or generate 0.0% return on investment in Ab Virginia over 180 days. Ab Virginia is related to or competes with Hawaiian Tax, Hawaiian Tax, and Aquila Tax. The fund invests at least 80 percent of its net assets in municipal securities that pay interest that is exempt from fed... More
Ab Virginia 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 Ab Virginia'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 Ab Virginia Portfolio upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.48) | |||
| Maximum Drawdown | 1.06 | |||
| Value At Risk | (0.38) | |||
| Potential Upside | 0.1932 |
Ab Virginia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ab Virginia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ab Virginia's standard deviation. In reality, there are many statistical measures that can use Ab Virginia historical prices to predict the future Ab Virginia's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ab Virginia'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.
Ab Virginia Portfolio Backtested Returns
Ab Virginia Portfolio retains Efficiency (Sharpe Ratio) of -0.0682, which signifies that the fund had a -0.0682% return per unit of price deviation over the last 3 months. Ab Virginia exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ab Virginia's Variance of 0.0394, information ratio of (0.48), and Market Risk Adjusted Performance of (0.15) to double-check the risk estimate we provide. The fund owns a Beta (Systematic Risk) of 0.0993, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Ab Virginia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ab Virginia is expected to be smaller as well.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Ab Virginia Portfolio has insignificant reverse predictability. Overlapping area represents the amount of predictability between Ab Virginia time series from 1st of November 2023 to 30th of January 2024 and 30th of January 2024 to 29th 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 Ab Virginia Portfolio price movement. The serial correlation of -0.19 indicates that over 19.0% of current Ab Virginia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ab Virginia Portfolio lagged returns against current returns
Autocorrelation, which is Ab Virginia 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 Ab Virginia's mutual fund expected returns. We can calculate the autocorrelation of Ab Virginia returns to help us make a trade decision. For example, suppose you find that Ab Virginia 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 |
Ab Virginia 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 Ab Virginia mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ab Virginia mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ab Virginia mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ab Virginia Lagged Returns
When evaluating Ab Virginia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ab Virginia mutual fund have on its future price. Ab Virginia 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, Ab Virginia autocorrelation shows the relationship between Ab Virginia mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ab Virginia Portfolio.
Regressed Prices |
| Timeline |
Pair Trading with Ab Virginia
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 Ab Virginia 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 Ab Virginia will appreciate offsetting losses from the drop in the long position's value.Moving together with AVACX Mutual Fund
| 0.98 | AMNCX | Ab Minnesota Portfolio | PairCorr |
| 0.98 | AMNAX | Ab Minnesota Portfolio | PairCorr |
The ability to find closely correlated positions to Ab Virginia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ab Virginia 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 Ab Virginia - 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 Ab Virginia Portfolio to buy it.
The correlation of Ab Virginia 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 Ab Virginia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ab Virginia 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 Ab Virginia 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 Ab Virginia Correlation, Ab Virginia Volatility and Ab Virginia Alpha and Beta module to complement your research on Ab Virginia. Note that the Ab Virginia Portfolio information on this page should be used as a complementary analysis to other Ab Virginia'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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Ab Virginia 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.