Resq Strategic Income Fund Market Value

RQIAX Fund  USD 7.40  0.05  0.68%   
Resq Strategic's market value is the price at which a share of Resq Strategic trades on a public exchange. It measures the collective expectations of Resq Strategic Income investors about its performance. Resq Strategic is trading at 7.40 as of the 28th of March 2024; that is 0.68 percent up since the beginning of the trading day. The fund's open price was 7.35.
With this module, you can estimate the performance of a buy and hold strategy of Resq Strategic Income and determine expected loss or profit from investing in Resq Strategic over a given investment horizon. Check out Resq Strategic Correlation, Resq Strategic Volatility and Resq Strategic Alpha and Beta module to complement your research on Resq Strategic.
Symbol

Please note, there is a significant difference between Resq Strategic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Resq Strategic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Resq Strategic's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Resq Strategic '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 Resq Strategic'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 Resq Strategic.
0.00
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
If you would invest  0.00  in Resq Strategic on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Resq Strategic Income or generate 0.0% return on investment in Resq Strategic over 30 days. Resq Strategic is related to or competes with State Farm, Resq Dynamic, Resq Dynamic, Resq Dynamic, Resq Strategic, Resq Strategic, and Semiconductors Portfolio. The fund seeks to achieve its investment objective by investing in a portfolio of mutual funds and exchange traded funds... More

Resq Strategic 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 Resq Strategic'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 Resq Strategic Income upside and downside potential and time the market with a certain degree of confidence.

Resq Strategic Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Resq Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Resq Strategic's standard deviation. In reality, there are many statistical measures that can use Resq Strategic historical prices to predict the future Resq Strategic's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Resq Strategic'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.
Hype
Prediction
LowEstimatedHigh
6.897.357.81
Details
Intrinsic
Valuation
LowRealHigh
6.506.967.42
Details
Naive
Forecast
LowNextHigh
6.867.337.79
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
7.317.357.39
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Resq Strategic. Your research has to be compared to or analyzed against Resq Strategic's peers to derive any actionable benefits. When done correctly, Resq Strategic's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Resq Strategic Income.

Resq Strategic Income Backtested Returns

Resq Strategic Income maintains Sharpe Ratio (i.e., Efficiency) of -0.0164, which implies the entity had a -0.0164% return per unit of risk over the last 3 months. Resq Strategic Income exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Resq Strategic's Variance of 0.2136, risk adjusted performance of (0.05), and Coefficient Of Variation of (1,167) to confirm the risk estimate we provide. The fund holds a Beta of 0.0015, which implies not very significant fluctuations relative to the market. As returns on the market increase, Resq Strategic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Resq Strategic is expected to be smaller as well.

Auto-correlation

    
  -0.3  

Weak reverse predictability

Resq Strategic Income has weak reverse predictability. Overlapping area represents the amount of predictability between Resq Strategic time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Resq Strategic Income price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Resq Strategic price fluctuation can be explain by its past prices.
Correlation Coefficient-0.3
Spearman Rank Test-0.12
Residual Average0.0
Price Variance0.0

Resq Strategic Income lagged returns against current returns

Autocorrelation, which is Resq Strategic 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 Resq Strategic's mutual fund expected returns. We can calculate the autocorrelation of Resq Strategic returns to help us make a trade decision. For example, suppose you find that Resq Strategic 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  

Resq Strategic 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 Resq Strategic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Resq Strategic mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Resq Strategic mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Resq Strategic Lagged Returns

When evaluating Resq Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Resq Strategic mutual fund have on its future price. Resq Strategic 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, Resq Strategic autocorrelation shows the relationship between Resq Strategic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Resq Strategic Income.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

Check out Resq Strategic Correlation, Resq Strategic Volatility and Resq Strategic Alpha and Beta module to complement your research on Resq Strategic.
Note that the Resq Strategic Income information on this page should be used as a complementary analysis to other Resq Strategic'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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Complementary Tools for Resq Mutual Fund analysis

When running Resq Strategic's price analysis, check to measure Resq Strategic's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Resq Strategic is operating at the current time. Most of Resq Strategic's value examination focuses on studying past and present price action to predict the probability of Resq Strategic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Resq Strategic's price. Additionally, you may evaluate how the addition of Resq Strategic to your portfolios can decrease your overall portfolio volatility.
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Resq Strategic 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.
A focus of Resq Strategic technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Resq Strategic trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...