Asia Opportunity Portfolio Fund Market Value
| MSAWX Fund | USD 17.60 0.34 1.97% |
| Symbol | Asia |
Asia Opportunity '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 Asia Opportunity'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 Asia Opportunity.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Asia Opportunity on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Asia Opportunity Portfolio or generate 0.0% return on investment in Asia Opportunity over 30 days. Asia Opportunity is related to or competes with Matthews Asia, Wcm Focused, Invesco Disciplined, and Small Cap. Under normal market conditions, the Adviser seeks to achieve the funds investment objective by investing primarily in eq... More
Asia Opportunity 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 Asia Opportunity'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 Asia Opportunity Portfolio upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7917 | |||
| Information Ratio | 0.0832 | |||
| Maximum Drawdown | 4.87 | |||
| Value At Risk | (1.33) | |||
| Potential Upside | 1.97 |
Asia Opportunity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asia Opportunity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asia Opportunity's standard deviation. In reality, there are many statistical measures that can use Asia Opportunity historical prices to predict the future Asia Opportunity's volatility.| Risk Adjusted Performance | 0.1154 | |||
| Jensen Alpha | 0.0937 | |||
| Total Risk Alpha | 0.0321 | |||
| Sortino Ratio | 0.1045 | |||
| Treynor Ratio | 0.1928 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Asia Opportunity'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.
Asia Opportunity Por Backtested Returns
We consider Asia Opportunity very steady. Asia Opportunity Por secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the fund had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Asia Opportunity Portfolio, which you can use to evaluate the volatility of the entity. Please confirm Asia Opportunity's Risk Adjusted Performance of 0.1154, mean deviation of 0.7918, and Downside Deviation of 0.7917 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. The fund shows a Beta (market volatility) of 0.87, which signifies possible diversification benefits within a given portfolio. Asia Opportunity returns are very sensitive to returns on the market. As the market goes up or down, Asia Opportunity is expected to follow.
Auto-correlation | -0.44 |
Modest reverse predictability
Asia Opportunity Portfolio has modest reverse predictability. Overlapping area represents the amount of predictability between Asia Opportunity time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Asia Opportunity Por price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Asia Opportunity price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Asia Opportunity Por lagged returns against current returns
Autocorrelation, which is Asia Opportunity 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 Asia Opportunity's mutual fund expected returns. We can calculate the autocorrelation of Asia Opportunity returns to help us make a trade decision. For example, suppose you find that Asia Opportunity 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 |
Asia Opportunity 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 Asia Opportunity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asia Opportunity mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asia Opportunity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Asia Opportunity Lagged Returns
When evaluating Asia Opportunity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asia Opportunity mutual fund have on its future price. Asia Opportunity 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, Asia Opportunity autocorrelation shows the relationship between Asia Opportunity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Asia Opportunity Portfolio.
Regressed Prices |
| Timeline |
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Asia Opportunity 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.