Locorr Dynamic Equity Fund Market Value
LEQAX Fund | USD 11.54 0.06 0.52% |
Symbol | Locorr |
Locorr Dynamic '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 Locorr Dynamic'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 Locorr Dynamic.
02/28/2024 |
| 03/29/2024 |
If you would invest 0.00 in Locorr Dynamic on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding Locorr Dynamic Equity or generate 0.0% return on investment in Locorr Dynamic over 30 days. Locorr Dynamic is related to or competes with Pimco Rae, Pimco Rae, Ips Strategic, Barloworld, Morningstar Unconstrained, Via Renewables, and T Rowe. Under normal market conditions, the fund invests in long or short positions in equity securities of domestic and foreign... More
Locorr Dynamic 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 Locorr Dynamic'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 Locorr Dynamic Equity upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.9719 | |||
Information Ratio | (0.16) | |||
Maximum Drawdown | 3.88 | |||
Value At Risk | (1.06) | |||
Potential Upside | 1.06 |
Locorr Dynamic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Locorr Dynamic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Locorr Dynamic's standard deviation. In reality, there are many statistical measures that can use Locorr Dynamic historical prices to predict the future Locorr Dynamic's volatility.Risk Adjusted Performance | 0.0164 | |||
Jensen Alpha | 0.0083 | |||
Total Risk Alpha | (0.16) | |||
Sortino Ratio | (0.12) | |||
Treynor Ratio | 4.73 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Locorr Dynamic'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.
Locorr Dynamic Equity Backtested Returns
We consider Locorr Dynamic slightly risky. Locorr Dynamic Equity has Sharpe Ratio of 0.051, which conveys that the entity had a 0.051% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Locorr Dynamic, which you can use to evaluate the volatility of the fund. Please verify Locorr Dynamic's Downside Deviation of 0.9719, mean deviation of 0.539, and Risk Adjusted Performance of 0.0164 to check out if the risk estimate we provide is consistent with the expected return of 0.0337%. The fund secures a Beta (Market Risk) of 0.0018, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Locorr Dynamic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Locorr Dynamic is expected to be smaller as well.
Auto-correlation | 0.01 |
Virtually no predictability
Locorr Dynamic Equity has virtually no predictability. Overlapping area represents the amount of predictability between Locorr Dynamic time series from 28th of February 2024 to 14th of March 2024 and 14th of March 2024 to 29th 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 Locorr Dynamic Equity price movement. The serial correlation of 0.01 indicates that just 1.0% of current Locorr Dynamic price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.01 | |
Spearman Rank Test | -0.01 | |
Residual Average | 0.0 | |
Price Variance | 0.01 |
Locorr Dynamic Equity lagged returns against current returns
Autocorrelation, which is Locorr Dynamic 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 Locorr Dynamic's mutual fund expected returns. We can calculate the autocorrelation of Locorr Dynamic returns to help us make a trade decision. For example, suppose you find that Locorr Dynamic 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 |
Locorr Dynamic 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 Locorr Dynamic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Locorr Dynamic mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Locorr Dynamic mutual fund over time.
Current vs Lagged Prices |
Timeline |
Locorr Dynamic Lagged Returns
When evaluating Locorr Dynamic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Locorr Dynamic mutual fund have on its future price. Locorr Dynamic 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, Locorr Dynamic autocorrelation shows the relationship between Locorr Dynamic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Locorr Dynamic Equity.
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 Locorr Dynamic 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, Locorr Dynamic's short interest history, or implied volatility extrapolated from Locorr Dynamic options trading.
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Try AI Portfolio ArchitectCheck out Locorr Dynamic Correlation, Locorr Dynamic Volatility and Locorr Dynamic Alpha and Beta module to complement your research on Locorr Dynamic. Note that the Locorr Dynamic Equity information on this page should be used as a complementary analysis to other Locorr Dynamic'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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for Locorr Mutual Fund analysis
When running Locorr Dynamic's price analysis, check to measure Locorr Dynamic'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 Locorr Dynamic is operating at the current time. Most of Locorr Dynamic's value examination focuses on studying past and present price action to predict the probability of Locorr Dynamic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Locorr Dynamic's price. Additionally, you may evaluate how the addition of Locorr Dynamic to your portfolios can decrease your overall portfolio volatility.
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