Qs Growth Fund Market Value
LANIX Fund | USD 17.21 0.03 0.17% |
Symbol | LANIX |
Qs Growth '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 Qs Growth'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 Qs Growth.
12/29/2023 |
| 03/28/2024 |
If you would invest 0.00 in Qs Growth on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Qs Growth Fund or generate 0.0% return on investment in Qs Growth over 90 days. Qs Growth is related to or competes with American Funds, American Funds, American Funds, Franklin Mutual, Franklin Mutual, Franklin Mutual, and American Funds. The fund is a fund of fundsit invests in other mutual funds and may also invest in exchange-traded funds More
Qs Growth 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 Qs Growth'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 Qs Growth Fund upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.5679 | |||
Information Ratio | 0.0019 | |||
Maximum Drawdown | 2.49 | |||
Value At Risk | (0.71) | |||
Potential Upside | 1.01 |
Qs Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qs Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qs Growth's standard deviation. In reality, there are many statistical measures that can use Qs Growth historical prices to predict the future Qs Growth's volatility.Risk Adjusted Performance | 0.1344 | |||
Jensen Alpha | 0.0099 | |||
Total Risk Alpha | (0.0005) | |||
Sortino Ratio | 0.0019 | |||
Treynor Ratio | 0.1355 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Qs Growth'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.
Qs Growth Fund Backtested Returns
We consider Qs Growth very steady. Qs Growth Fund retains Efficiency (Sharpe Ratio) of 0.24, which implies the entity had a 0.24% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for Qs Growth, which you can use to evaluate the volatility of the fund. Please check Qs Growth's standard deviation of 0.5625, and Market Risk Adjusted Performance of 0.1455 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. The fund owns a Beta (Systematic Risk) of 0.93, which implies possible diversification benefits within a given portfolio. Qs Growth returns are very sensitive to returns on the market. As the market goes up or down, Qs Growth is expected to follow.
Auto-correlation | 0.88 |
Very good predictability
Qs Growth Fund has very good predictability. Overlapping area represents the amount of predictability between Qs Growth time series from 29th of December 2023 to 12th of February 2024 and 12th of February 2024 to 28th of March 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 Qs Growth Fund price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Qs Growth price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.88 | |
Spearman Rank Test | 0.91 | |
Residual Average | 0.0 | |
Price Variance | 0.06 |
Qs Growth Fund lagged returns against current returns
Autocorrelation, which is Qs Growth 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 Qs Growth's mutual fund expected returns. We can calculate the autocorrelation of Qs Growth returns to help us make a trade decision. For example, suppose you find that Qs Growth 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 |
Qs Growth 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 Qs Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qs Growth mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qs Growth mutual fund over time.
Current vs Lagged Prices |
Timeline |
Qs Growth Lagged Returns
When evaluating Qs Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qs Growth mutual fund have on its future price. Qs Growth 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, Qs Growth autocorrelation shows the relationship between Qs Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Qs Growth Fund.
Regressed Prices |
Timeline |
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Complementary Tools for LANIX Mutual Fund analysis
When running Qs Growth's price analysis, check to measure Qs Growth's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Qs Growth is operating at the current time. Most of Qs Growth's value examination focuses on studying past and present price action to predict the probability of Qs Growth's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Qs Growth's price. Additionally, you may evaluate how the addition of Qs Growth to your portfolios can decrease your overall portfolio volatility.
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