Alpsred Rocks Listed Fund Market Value
| LPERX Fund | USD 4.80 0.01 0.21% |
| Symbol | Alpsred |
Alpsred Rocks '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 Alpsred Rocks' 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 Alpsred Rocks.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in Alpsred Rocks on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding Alpsred Rocks Listed or generate 0.0% return on investment in Alpsred Rocks over 30 days. Alpsred Rocks is related to or competes with Smallcap World, HUMANA, Barloworld, Thrivent High, Morningstar Unconstrained, and High Yield. The fund will invest at least 80 percent of its net assets in securities of U.S More
Alpsred Rocks 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 Alpsred Rocks' 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 Alpsred Rocks Listed upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7449 | |||
| Information Ratio | 0.0282 | |||
| Maximum Drawdown | 2.69 | |||
| Value At Risk | (1.01) | |||
| Potential Upside | 0.8734 |
Alpsred Rocks Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alpsred Rocks' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alpsred Rocks' standard deviation. In reality, there are many statistical measures that can use Alpsred Rocks historical prices to predict the future Alpsred Rocks' volatility.| Risk Adjusted Performance | 0.074 | |||
| Jensen Alpha | 0.0239 | |||
| Total Risk Alpha | 0.0182 | |||
| Sortino Ratio | 0.0235 | |||
| Treynor Ratio | 0.0734 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alpsred Rocks' 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.
Alpsred Rocks Listed Backtested Returns
We consider Alpsred Rocks out of control. Alpsred Rocks Listed secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the fund had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Alpsred Rocks Listed, which you can use to evaluate the volatility of the entity. Please confirm Alpsred Rocks' Downside Deviation of 0.7449, mean deviation of 0.4982, and Risk Adjusted Performance of 0.074 to double-check if the risk estimate we provide is consistent with the expected return of 0.0764%. The fund shows a Beta (market volatility) of 0.86, which signifies possible diversification benefits within a given portfolio. Alpsred Rocks returns are very sensitive to returns on the market. As the market goes up or down, Alpsred Rocks is expected to follow.
Auto-correlation | 0.15 |
Insignificant predictability
Alpsred Rocks Listed has insignificant predictability. Overlapping area represents the amount of predictability between Alpsred Rocks time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th 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 Alpsred Rocks Listed price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Alpsred Rocks price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Alpsred Rocks Listed lagged returns against current returns
Autocorrelation, which is Alpsred Rocks 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 Alpsred Rocks' mutual fund expected returns. We can calculate the autocorrelation of Alpsred Rocks returns to help us make a trade decision. For example, suppose you find that Alpsred Rocks 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 |
Alpsred Rocks 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 Alpsred Rocks mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alpsred Rocks mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alpsred Rocks mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Alpsred Rocks Lagged Returns
When evaluating Alpsred Rocks' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alpsred Rocks mutual fund have on its future price. Alpsred Rocks 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, Alpsred Rocks autocorrelation shows the relationship between Alpsred Rocks mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Alpsred Rocks Listed.
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 Alpsred Rocks 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, Alpsred Rocks' short interest history, or implied volatility extrapolated from Alpsred Rocks options trading.
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Alpsred Rocks 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.