Ab Wealth Appreciation Fund Market Value
| AWACX Fund | USD 20.50 0.25 1.23% |
| Symbol | AWACX |
Ab Wealth '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 Wealth'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 Wealth.
| 02/27/2024 |
| 04/27/2024 |
If you would invest 0.00 in Ab Wealth on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Ab Wealth Appreciation or generate 0.0% return on investment in Ab Wealth over 60 days. Ab Wealth is related to or competes with Janus Contrarian, Janus Research, Janus Enterprise, Janus Global, and Janus Overseas. The fund invests primarily in equity securities, either directly or through underlying investment companies advised by t... More
Ab Wealth 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 Wealth'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 Wealth Appreciation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6983 | |||
| Information Ratio | 0.0071 | |||
| Maximum Drawdown | 3.45 | |||
| Value At Risk | (1.01) | |||
| Potential Upside | 1.24 |
Ab Wealth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ab Wealth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ab Wealth's standard deviation. In reality, there are many statistical measures that can use Ab Wealth historical prices to predict the future Ab Wealth's volatility.| Risk Adjusted Performance | 0.0836 | |||
| Jensen Alpha | 0.0854 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0073 | |||
| Treynor Ratio | (6.15) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ab Wealth'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 Wealth Appreciation Backtested Returns
We consider Ab Wealth out of control. Ab Wealth Appreciation retains Efficiency (Sharpe Ratio) of 0.12, which signifies that the fund had a 0.12% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for Ab Wealth, which you can use to evaluate the volatility of the entity. Please confirm Ab Wealth's Coefficient Of Variation of 757.52, market risk adjusted performance of (6.14), and Standard Deviation of 0.7145 to double-check if the risk estimate we provide is consistent with the expected return of 0.0919%. The fund owns a Beta (Systematic Risk) of -0.0137, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ab Wealth are expected to decrease at a much lower rate. During the bear market, Ab Wealth is likely to outperform the market.
Auto-correlation | -0.7 |
Very good reverse predictability
Ab Wealth Appreciation has very good reverse predictability. Overlapping area represents the amount of predictability between Ab Wealth time series from 27th of February 2024 to 28th of March 2024 and 28th of March 2024 to 27th 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 Wealth Appreciation price movement. The serial correlation of -0.7 indicates that around 70.0% of current Ab Wealth price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Ab Wealth Appreciation lagged returns against current returns
Autocorrelation, which is Ab Wealth 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 Wealth's mutual fund expected returns. We can calculate the autocorrelation of Ab Wealth returns to help us make a trade decision. For example, suppose you find that Ab Wealth 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 Wealth 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 Wealth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ab Wealth 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 Wealth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ab Wealth Lagged Returns
When evaluating Ab Wealth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ab Wealth mutual fund have on its future price. Ab Wealth 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 Wealth autocorrelation shows the relationship between Ab Wealth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ab Wealth Appreciation.
Regressed Prices |
| Timeline |
Pair Trading with Ab Wealth
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 Wealth 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 Wealth will appreciate offsetting losses from the drop in the long position's value.Moving together with AWACX Mutual Fund
| 0.84 | AMTOX | Ab All Market | PairCorr |
The ability to find closely correlated positions to Ab Wealth 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 Wealth 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 Wealth - 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 Wealth Appreciation to buy it.
The correlation of Ab Wealth 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 Wealth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ab Wealth Appreciation 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 Wealth 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 Wealth Correlation, Ab Wealth Volatility and Ab Wealth Alpha and Beta module to complement your research on Ab Wealth. Note that the Ab Wealth Appreciation information on this page should be used as a complementary analysis to other Ab Wealth'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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Ab Wealth 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.