Conservative Income Fund Market Value
| COIYX Fund | USD 10.01 0.00 0.00% |
| Symbol | Conservative |
Conservative Income '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 Conservative Income'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 Conservative Income.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Conservative Income on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Conservative Income or generate 0.0% return on investment in Conservative Income over 30 days. Conservative Income is related to or competes with Simt Multi-asset, Saat Market, Simt Real, Simt Small, Siit Screened, Saat Aggressive, and Saat Aggressive. Under normal circumstances, the fund will invest at least 80 percent of its net assets in U.S More
Conservative Income 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 Conservative Income'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 Conservative Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.75) | |||
| Maximum Drawdown | 0.504 |
Conservative Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Conservative Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Conservative Income's standard deviation. In reality, there are many statistical measures that can use Conservative Income historical prices to predict the future Conservative Income's volatility.| Risk Adjusted Performance | 0.0758 | |||
| Jensen Alpha | 0.0109 | |||
| Total Risk Alpha | (0) | |||
| Treynor Ratio | (0.77) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Conservative Income'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.
Conservative Income Backtested Returns
We consider Conservative Income very steady. Conservative Income secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that the fund had a 0.22% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Conservative Income, which you can use to evaluate the volatility of the entity. Please confirm Conservative Income's Standard Deviation of 0.0922, risk adjusted performance of 0.0758, and Mean Deviation of 0.0379 to double-check if the risk estimate we provide is consistent with the expected return of 0.0208%. The fund shows a Beta (market volatility) of -0.0128, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Conservative Income are expected to decrease at a much lower rate. During the bear market, Conservative Income is likely to outperform the market.
Auto-correlation | 0.00 |
No correlation between past and present
Conservative Income has no correlation between past and present. Overlapping area represents the amount of predictability between Conservative Income 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 Conservative Income price movement. The serial correlation of 0.0 indicates that just 0.0% of current Conservative Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Conservative Income lagged returns against current returns
Autocorrelation, which is Conservative Income 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 Conservative Income's mutual fund expected returns. We can calculate the autocorrelation of Conservative Income returns to help us make a trade decision. For example, suppose you find that Conservative Income 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 |
Conservative Income 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 Conservative Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Conservative Income mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Conservative Income mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Conservative Income Lagged Returns
When evaluating Conservative Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Conservative Income mutual fund have on its future price. Conservative Income 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, Conservative Income autocorrelation shows the relationship between Conservative Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Conservative Income.
Regressed Prices |
| Timeline |
Pair Trading with Conservative Income
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 Conservative Income 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 Conservative Income will appreciate offsetting losses from the drop in the long position's value.Moving together with Conservative Mutual Fund
| 0.85 | SAAAX | Simt Multi Asset | PairCorr |
| 0.76 | SRWAX | Saat Market Growth | PairCorr |
| 0.64 | SRYRX | Simt Real Return | PairCorr |
| 0.73 | SSEAX | Siit Screened World | PairCorr |
The ability to find closely correlated positions to Conservative Income could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Conservative Income 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 Conservative Income - 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 Conservative Income to buy it.
The correlation of Conservative Income 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 Conservative Income moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Conservative Income 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 Conservative Income 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 Conservative Income Correlation, Conservative Income Volatility and Conservative Income Alpha and Beta module to complement your research on Conservative Income. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Conservative Income 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.