Value Line Larger Fund Market Value
| VALLX Fund | USD 30.95 0.02 0.06% |
| Symbol | Value |
Value Line '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 Value Line'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 Value Line.
| 10/21/2023 |
| 04/18/2024 |
If you would invest 0.00 in Value Line on October 21, 2023 and sell it all today you would earn a total of 0.00 from holding Value Line Larger or generate 0.0% return on investment in Value Line over 180 days. To achieve the funds investment objective, the adviser invests substantially all of the funds assets in common stock More
Value Line 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 Value Line'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 Value Line Larger upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.21 | |||
| Information Ratio | 0.0263 | |||
| Maximum Drawdown | 6.13 | |||
| Value At Risk | (2.07) | |||
| Potential Upside | 1.99 |
Value Line Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Value Line's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Value Line's standard deviation. In reality, there are many statistical measures that can use Value Line historical prices to predict the future Value Line's volatility.| Risk Adjusted Performance | 0.0529 | |||
| Jensen Alpha | 0.0838 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0269 | |||
| Treynor Ratio | 2.53 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Value Line'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.
Value Line Larger Backtested Returns
We consider Value Line very steady. Value Line Larger owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0546, which indicates the fund had a 0.0546% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Value Line Larger, which you can use to evaluate the volatility of the fund. Please validate Value Line's Risk Adjusted Performance of 0.0529, semi deviation of 1.1, and Coefficient Of Variation of 1288.58 to confirm if the risk estimate we provide is consistent with the expected return of 0.0677%. The entity has a beta of 0.0339, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Value Line's returns are expected to increase less than the market. However, during the bear market, the loss of holding Value Line is expected to be smaller as well.
Auto-correlation | 0.89 |
Very good predictability
Value Line Larger has very good predictability. Overlapping area represents the amount of predictability between Value Line time series from 21st of October 2023 to 19th of January 2024 and 19th of January 2024 to 18th 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 Value Line Larger price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Value Line price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 1.03 |
Value Line Larger lagged returns against current returns
Autocorrelation, which is Value Line 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 Value Line's mutual fund expected returns. We can calculate the autocorrelation of Value Line returns to help us make a trade decision. For example, suppose you find that Value Line 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 |
Value Line 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 Value Line mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Value Line mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Value Line mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Value Line Lagged Returns
When evaluating Value Line's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Value Line mutual fund have on its future price. Value Line 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, Value Line autocorrelation shows the relationship between Value Line mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Value Line Larger.
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 Value Line 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, Value Line's short interest history, or implied volatility extrapolated from Value Line options trading.
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Value Line 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.