Ab Global Risk Fund Market Value
| CBSYX Fund | USD 17.87 0.10 0.56% |
| Symbol | CBSYX |
Ab Global '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 Global'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 Global.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Ab Global on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Ab Global Risk or generate 0.0% return on investment in Ab Global over 30 days. Ab Global is related to or competes with Pgim Conservative, Target Retirement, Saat Moderate, Qs Moderate, Moderately Aggressive, and Fidelity Managed. The fund invests dynamically in a number of global asset classes, including equitycredit, fixed-income, and inflation-se... More
Ab Global 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 Global'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 Global Risk upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4166 | |||
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 2.27 | |||
| Value At Risk | (0.67) | |||
| Potential Upside | 0.6857 |
Ab Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ab Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ab Global's standard deviation. In reality, there are many statistical measures that can use Ab Global historical prices to predict the future Ab Global's volatility.| Risk Adjusted Performance | 0.0429 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.25) | |||
| Treynor Ratio | 0.0509 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ab Global'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 Global Risk Backtested Returns
At this stage we consider CBSYX Mutual Fund to be very steady. Ab Global Risk retains Efficiency (Sharpe Ratio) of 0.0342, which signifies that the fund had a 0.0342% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for Ab Global, which you can use to evaluate the volatility of the entity. Please confirm Ab Global's Coefficient Of Variation of 1507.16, standard deviation of 0.4262, and Market Risk Adjusted Performance of 0.0609 to double-check if the risk estimate we provide is consistent with the expected return of 0.014%. The fund owns a Beta (Systematic Risk) of 0.36, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Ab Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ab Global is expected to be smaller as well.
Auto-correlation | 0.83 |
Very good predictability
Ab Global Risk has very good predictability. Overlapping area represents the amount of predictability between Ab Global time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th of November 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 Global Risk price movement. The serial correlation of 0.83 indicates that around 83.0% of current Ab Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Ab Global Risk lagged returns against current returns
Autocorrelation, which is Ab Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Ab Global returns to help us make a trade decision. For example, suppose you find that Ab Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ab Global 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 Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ab Global Lagged Returns
When evaluating Ab Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ab Global mutual fund have on its future price. Ab Global 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 Global autocorrelation shows the relationship between Ab Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ab Global Risk.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in CBSYX Mutual Fund
Ab Global financial ratios help investors to determine whether CBSYX Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in CBSYX with respect to the benefits of owning Ab Global security.
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