Undiscovered Managers Behavioral Fund Market Value
UBVCX Fund | USD 75.28 1.63 2.21% |
Symbol | Undiscovered |
Undiscovered Managers '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 Undiscovered Managers' 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 Undiscovered Managers.
02/27/2024 |
| 03/28/2024 |
If you would invest 0.00 in Undiscovered Managers on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Undiscovered Managers Behavioral or generate 0.0% return on investment in Undiscovered Managers over 30 days. Undiscovered Managers is related to or competes with USCF Gold, Jpmorgan Smartretirement, Jpmorgan Smartretirement, Jpmorgan Smartretirement, Jpmorgan Smartretirement, Jpmorgan Smartretirement, and Jpmorgan Smartretirement. The fund seeks to achieve its objective by investing in common stocks of U.S More
Undiscovered Managers 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 Undiscovered Managers' 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 Undiscovered Managers Behavioral upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.1 | |||
Information Ratio | (0.04) | |||
Maximum Drawdown | 4.61 | |||
Value At Risk | (1.68) | |||
Potential Upside | 1.61 |
Undiscovered Managers Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Undiscovered Managers' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Undiscovered Managers' standard deviation. In reality, there are many statistical measures that can use Undiscovered Managers historical prices to predict the future Undiscovered Managers' volatility.Risk Adjusted Performance | 0.056 | |||
Jensen Alpha | (0.1) | |||
Total Risk Alpha | (0.14) | |||
Sortino Ratio | (0.04) | |||
Treynor Ratio | 0.0579 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Undiscovered Managers' 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.
Undiscovered Managers Backtested Returns
We consider Undiscovered Managers very steady. Undiscovered Managers owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0771, which indicates the fund had a 0.0771% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Undiscovered Managers Behavioral, which you can use to evaluate the volatility of the fund. Please validate Undiscovered Managers' Risk Adjusted Performance of 0.056, semi deviation of 0.9771, and Coefficient Of Variation of 1077.91 to confirm if the risk estimate we provide is consistent with the expected return of 0.08%. The entity has a beta of 1.44, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Undiscovered Managers will likely underperform.
Auto-correlation | 0.78 |
Good predictability
Undiscovered Managers Behavioral has good predictability. Overlapping area represents the amount of predictability between Undiscovered Managers 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 Undiscovered Managers price movement. The serial correlation of 0.78 indicates that around 78.0% of current Undiscovered Managers price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.78 | |
Spearman Rank Test | 0.78 | |
Residual Average | 0.0 | |
Price Variance | 0.88 |
Undiscovered Managers lagged returns against current returns
Autocorrelation, which is Undiscovered Managers 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 Undiscovered Managers' mutual fund expected returns. We can calculate the autocorrelation of Undiscovered Managers returns to help us make a trade decision. For example, suppose you find that Undiscovered Managers 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 |
Undiscovered Managers 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 Undiscovered Managers mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Undiscovered Managers mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Undiscovered Managers mutual fund over time.
Current vs Lagged Prices |
Timeline |
Undiscovered Managers Lagged Returns
When evaluating Undiscovered Managers' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Undiscovered Managers mutual fund have on its future price. Undiscovered Managers 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, Undiscovered Managers autocorrelation shows the relationship between Undiscovered Managers mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Undiscovered Managers Behavioral.
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 Undiscovered Managers 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, Undiscovered Managers' short interest history, or implied volatility extrapolated from Undiscovered Managers options trading.
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Check out Undiscovered Managers Correlation, Undiscovered Managers Volatility and Undiscovered Managers Alpha and Beta module to complement your research on Undiscovered Managers. Note that the Undiscovered Managers information on this page should be used as a complementary analysis to other Undiscovered Managers' 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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Complementary Tools for Undiscovered Mutual Fund analysis
When running Undiscovered Managers' price analysis, check to measure Undiscovered Managers' 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 Undiscovered Managers is operating at the current time. Most of Undiscovered Managers' value examination focuses on studying past and present price action to predict the probability of Undiscovered Managers' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Undiscovered Managers' price. Additionally, you may evaluate how the addition of Undiscovered Managers to your portfolios can decrease your overall portfolio volatility.
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