Monteagle Select Value Fund Market Value
| MVEIX Fund | USD 10.77 0.09 0.83% |
| Symbol | Monteagle |
Monteagle Select '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 Monteagle Select'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 Monteagle Select.
| 03/16/2024 |
| 04/15/2024 |
If you would invest 0.00 in Monteagle Select on March 16, 2024 and sell it all today you would earn a total of 0.00 from holding Monteagle Select Value or generate 0.0% return on investment in Monteagle Select over 30 days. Monteagle Select is related to or competes with Texas Fund, Henssler Equity, Vanguard Equity, Fidelity Convertible, Blackrock Advantage, and Oil Equipment. The fund uses a value investing style by investing at least 80 percent of its assets in the common stock of domestic com... More
Monteagle Select 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 Monteagle Select'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 Monteagle Select Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8175 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 2.89 | |||
| Value At Risk | (1.26) | |||
| Potential Upside | 1.07 |
Monteagle Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Monteagle Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Monteagle Select's standard deviation. In reality, there are many statistical measures that can use Monteagle Select historical prices to predict the future Monteagle Select's volatility.| Risk Adjusted Performance | 0.0627 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.063 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Monteagle Select'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.
Monteagle Select Value Backtested Returns
We consider Monteagle Select very steady. Monteagle Select Value has Sharpe Ratio of 0.1, which conveys that the entity had a 0.1% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Monteagle Select, which you can use to evaluate the volatility of the fund. Please verify Monteagle Select's Mean Deviation of 0.5343, risk adjusted performance of 0.0627, and Downside Deviation of 0.8175 to check out if the risk estimate we provide is consistent with the expected return of 0.0702%. The fund secures a Beta (Market Risk) of 0.92, which conveys possible diversification benefits within a given portfolio. Monteagle Select returns are very sensitive to returns on the market. As the market goes up or down, Monteagle Select is expected to follow.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Monteagle Select Value has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Monteagle Select time series from 16th of March 2024 to 31st of March 2024 and 31st of March 2024 to 15th 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 Monteagle Select Value price movement. The serial correlation of -0.75 indicates that around 75.0% of current Monteagle Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Monteagle Select Value lagged returns against current returns
Autocorrelation, which is Monteagle Select 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 Monteagle Select's mutual fund expected returns. We can calculate the autocorrelation of Monteagle Select returns to help us make a trade decision. For example, suppose you find that Monteagle Select 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 |
Monteagle Select 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 Monteagle Select mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Monteagle Select mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Monteagle Select mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Monteagle Select Lagged Returns
When evaluating Monteagle Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Monteagle Select mutual fund have on its future price. Monteagle Select 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, Monteagle Select autocorrelation shows the relationship between Monteagle Select mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Monteagle Select Value.
Regressed Prices |
| Timeline |
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Monteagle Select 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.