Quantex Fund Adviser Fund Market Value
| QNTAX Fund | USD 37.95 0.57 1.48% |
| Symbol | Quantex |
Quantex Fund '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 Quantex Fund'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 Quantex Fund.
| 03/17/2024 |
| 04/16/2024 |
If you would invest 0.00 in Quantex Fund on March 17, 2024 and sell it all today you would earn a total of 0.00 from holding Quantex Fund Adviser or generate 0.0% return on investment in Quantex Fund over 30 days. Quantex Fund is related to or competes with Muirfield Fund, Infrastructure Fund, Dynamic Growth, Global Opportunities, and Balanced Fund. Under normal circumstances, the fund will invest at least 80 percent of its net assets in common stocks or underlying fu... More
Quantex Fund 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 Quantex Fund'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 Quantex Fund Adviser upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8317 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.28 | |||
| Value At Risk | (1.19) | |||
| Potential Upside | 1.14 |
Quantex Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Quantex Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Quantex Fund's standard deviation. In reality, there are many statistical measures that can use Quantex Fund historical prices to predict the future Quantex Fund's volatility.| Risk Adjusted Performance | 0.0448 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0398 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Quantex Fund'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.
Quantex Fund Adviser Backtested Returns
We consider Quantex Fund very steady. Quantex Fund Adviser maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Quantex Fund Adviser, which you can use to evaluate the volatility of the fund. Please check Quantex Fund's Coefficient Of Variation of 1450.83, semi deviation of 0.7546, and Risk Adjusted Performance of 0.0448 to confirm if the risk estimate we provide is consistent with the expected return of 0.0927%. The fund holds a Beta of 1.04, which implies a somewhat significant risk relative to the market. Quantex Fund returns are very sensitive to returns on the market. As the market goes up or down, Quantex Fund is expected to follow.
Auto-correlation | -0.84 |
Excellent reverse predictability
Quantex Fund Adviser has excellent reverse predictability. Overlapping area represents the amount of predictability between Quantex Fund time series from 17th of March 2024 to 1st of April 2024 and 1st of April 2024 to 16th 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 Quantex Fund Adviser price movement. The serial correlation of -0.84 indicates that around 84.0% of current Quantex Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Quantex Fund Adviser lagged returns against current returns
Autocorrelation, which is Quantex Fund 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 Quantex Fund's mutual fund expected returns. We can calculate the autocorrelation of Quantex Fund returns to help us make a trade decision. For example, suppose you find that Quantex Fund 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 |
Quantex Fund 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 Quantex Fund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Quantex Fund mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Quantex Fund mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Quantex Fund Lagged Returns
When evaluating Quantex Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Quantex Fund mutual fund have on its future price. Quantex Fund 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, Quantex Fund autocorrelation shows the relationship between Quantex Fund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Quantex Fund Adviser.
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 Quantex Fund 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, Quantex Fund's short interest history, or implied volatility extrapolated from Quantex Fund options trading.
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Check out Quantex Fund Correlation, Quantex Fund Volatility and Quantex Fund Alpha and Beta module to complement your research on Quantex Fund. Note that the Quantex Fund Adviser information on this page should be used as a complementary analysis to other Quantex Fund'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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Quantex Fund 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.