Ave Maria Rising Fund Market Value
| AVEDX Fund | USD 21.75 0.18 0.83% |
| Symbol | Ave |
Ave Maria '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 Ave Maria'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 Ave Maria.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Ave Maria on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Ave Maria Rising or generate 0.0% return on investment in Ave Maria over 30 days. Ave Maria is related to or competes with Ave Maria, Ave Maria, Ave Maria, Ave Maria, and Ave Maria. The fund will invest at least 80 percent of its net assets, including the amount of any borrowings for investment purpos... More
Ave Maria 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 Ave Maria'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 Ave Maria Rising upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7346 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 3.13 | |||
| Value At Risk | (1.01) | |||
| Potential Upside | 1.16 |
Ave Maria Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ave Maria's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ave Maria's standard deviation. In reality, there are many statistical measures that can use Ave Maria historical prices to predict the future Ave Maria's volatility.| Risk Adjusted Performance | 0.0646 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0588 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ave Maria'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.
Ave Maria Rising Backtested Returns
We consider Ave Maria very steady. Ave Maria Rising secures Sharpe Ratio (or Efficiency) of 0.0856, which signifies that the fund had a 0.0856% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Ave Maria Rising, which you can use to evaluate the volatility of the entity. Please confirm Ave Maria's risk adjusted performance of 0.0646, and Mean Deviation of 0.5308 to double-check if the risk estimate we provide is consistent with the expected return of 0.058%. The fund shows a Beta (market volatility) of 1.03, which signifies a somewhat significant risk relative to the market. Ave Maria returns are very sensitive to returns on the market. As the market goes up or down, Ave Maria is expected to follow.
Auto-correlation | 0.28 |
Poor predictability
Ave Maria Rising has poor predictability. Overlapping area represents the amount of predictability between Ave Maria time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Ave Maria Rising price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Ave Maria price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Ave Maria Rising lagged returns against current returns
Autocorrelation, which is Ave Maria 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 Ave Maria's mutual fund expected returns. We can calculate the autocorrelation of Ave Maria returns to help us make a trade decision. For example, suppose you find that Ave Maria 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 |
Ave Maria 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 Ave Maria mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ave Maria mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ave Maria mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ave Maria Lagged Returns
When evaluating Ave Maria's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ave Maria mutual fund have on its future price. Ave Maria 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, Ave Maria autocorrelation shows the relationship between Ave Maria mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ave Maria Rising.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Ave Maria in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Ave Maria's short interest history, or implied volatility extrapolated from Ave Maria options trading.
Pair Trading with Ave Maria
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 Ave Maria 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 Ave Maria will appreciate offsetting losses from the drop in the long position's value.Moving together with Ave Mutual Fund
| 0.98 | AVEGX | Ave Maria Growth | PairCorr |
| 0.88 | AVEFX | Ave Maria Bond | PairCorr |
| 0.65 | AVEAX | Ave Maria Focused | PairCorr |
| 0.89 | AVEWX | Ave Maria World | PairCorr |
The ability to find closely correlated positions to Ave Maria could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ave Maria 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 Ave Maria - 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 Ave Maria Rising to buy it.
The correlation of Ave Maria 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 Ave Maria moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ave Maria Rising 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 Ave Maria 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 Ave Maria Correlation, Ave Maria Volatility and Ave Maria Alpha and Beta module to complement your research on Ave Maria. Note that the Ave Maria Rising information on this page should be used as a complementary analysis to other Ave Maria'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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Ave Maria 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.