Federated Strategic Income Fund Market Value
| SINCX Fund | USD 7.99 0.03 0.38% |
| Symbol | Federated |
Federated 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 Federated 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 Federated Strategic.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Federated Strategic on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Federated Strategic Income or generate 0.0% return on investment in Federated Strategic over 30 days. Federated Strategic is related to or competes with Merck, Chevron Corp, and MagnaChip Semiconductor. The funds advisor allocates the portfolio of investments among the following three categories of the fixed-income market... More
Federated 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 Federated 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 Federated Strategic Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4304 | |||
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 1.5 | |||
| Value At Risk | (0.62) | |||
| Potential Upside | 0.3769 |
Federated Strategic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Federated Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Federated Strategic's standard deviation. In reality, there are many statistical measures that can use Federated Strategic historical prices to predict the future Federated Strategic's volatility.| Risk Adjusted Performance | 0.01 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.20) | |||
| Treynor Ratio | (0.000076) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Federated 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.
Federated Strategic Backtested Returns
We consider Federated Strategic very steady. Federated Strategic secures Sharpe Ratio (or Efficiency) of 0.0144, which denotes the fund had a 0.0144% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Federated Strategic Income, which you can use to evaluate the volatility of the entity. Please confirm Federated Strategic's Downside Deviation of 0.4304, mean deviation of 0.2323, and Coefficient Of Variation of 3080.02 to check if the risk estimate we provide is consistent with the expected return of 0.0045%. The fund shows a Beta (market volatility) of 0.29, which means not very significant fluctuations relative to the market. As returns on the market increase, Federated Strategic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Federated Strategic is expected to be smaller as well.
Auto-correlation | 0.55 |
Modest predictability
Federated Strategic Income has modest predictability. Overlapping area represents the amount of predictability between Federated Strategic 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 Federated Strategic price movement. The serial correlation of 0.55 indicates that about 55.0% of current Federated Strategic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Federated Strategic lagged returns against current returns
Autocorrelation, which is Federated 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 Federated Strategic's mutual fund expected returns. We can calculate the autocorrelation of Federated Strategic returns to help us make a trade decision. For example, suppose you find that Federated 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 |
Federated 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 Federated Strategic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Federated 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 Federated Strategic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Federated Strategic Lagged Returns
When evaluating Federated Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Federated Strategic mutual fund have on its future price. Federated 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, Federated Strategic autocorrelation shows the relationship between Federated Strategic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Federated Strategic Income.
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 Federated Strategic 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, Federated Strategic's short interest history, or implied volatility extrapolated from Federated Strategic options trading.
Currently Active Assets on Macroaxis
Check out Federated Strategic Correlation, Federated Strategic Volatility and Federated Strategic Alpha and Beta module to complement your research on Federated Strategic. Note that the Federated Strategic information on this page should be used as a complementary analysis to other Federated 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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Federated 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.