Edgar Lomax Value Fund Market Value
| LOMAX Fund | USD 14.32 0.04 0.28% |
| Symbol | Edgar |
Edgar Lomax '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 Edgar Lomax'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 Edgar Lomax.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Edgar Lomax on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Edgar Lomax Value or generate 0.0% return on investment in Edgar Lomax over 30 days. Edgar Lomax is related to or competes with Nationwide Small, Nationwide International, Nationwide Mid, Nationwide, and Nationwide Fund. The fund invests primarily in large, well-recognized companies More
Edgar Lomax 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 Edgar Lomax'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 Edgar Lomax Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7414 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.0 | |||
| Value At Risk | (0.99) | |||
| Potential Upside | 1.17 |
Edgar Lomax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Edgar Lomax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Edgar Lomax's standard deviation. In reality, there are many statistical measures that can use Edgar Lomax historical prices to predict the future Edgar Lomax's volatility.| Risk Adjusted Performance | 0.0562 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0555 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Edgar Lomax'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.
Edgar Lomax Value Backtested Returns
We consider Edgar Lomax very steady. Edgar Lomax Value secures Sharpe Ratio (or Efficiency) of 0.0888, which denotes the fund had a 0.0888% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Edgar Lomax Value, which you can use to evaluate the volatility of the entity. Please confirm Edgar Lomax's Mean Deviation of 0.4594, downside deviation of 0.7414, and Coefficient Of Variation of 1101.72 to check if the risk estimate we provide is consistent with the expected return of 0.0549%. The fund shows a Beta (market volatility) of 0.85, which means possible diversification benefits within a given portfolio. As returns on the market increase, Edgar Lomax's returns are expected to increase less than the market. However, during the bear market, the loss of holding Edgar Lomax is expected to be smaller as well.
Auto-correlation | -0.44 |
Modest reverse predictability
Edgar Lomax Value has modest reverse predictability. Overlapping area represents the amount of predictability between Edgar Lomax time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Edgar Lomax Value price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Edgar Lomax price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Edgar Lomax Value lagged returns against current returns
Autocorrelation, which is Edgar Lomax 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 Edgar Lomax's mutual fund expected returns. We can calculate the autocorrelation of Edgar Lomax returns to help us make a trade decision. For example, suppose you find that Edgar Lomax 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 |
Edgar Lomax 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 Edgar Lomax mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Edgar Lomax mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Edgar Lomax mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Edgar Lomax Lagged Returns
When evaluating Edgar Lomax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Edgar Lomax mutual fund have on its future price. Edgar Lomax 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, Edgar Lomax autocorrelation shows the relationship between Edgar Lomax mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Edgar Lomax Value.
Regressed Prices |
| Timeline |
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Edgar Lomax 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.