Upright Growth Income Fund Market Value
| UPDDX Fund | USD 16.80 0.06 0.36% |
| Symbol | Upright |
Upright Growth '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 Upright Growth'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 Upright Growth.
| 03/04/2024 |
| 06/02/2024 |
If you would invest 0.00 in Upright Growth on March 4, 2024 and sell it all today you would earn a total of 0.00 from holding Upright Growth Income or generate 0.0% return on investment in Upright Growth over 90 days. Upright Growth is related to or competes with Upright Assets, Upright Growth, Invesco Greater, North Star, Aberdeen Income, and Small Cap. The funds adviser seeks to achieve its investment objective using a combination of three investment styles through value... More
Upright Growth 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 Upright Growth'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 Upright Growth Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.73 | |||
| Information Ratio | 0.0941 | |||
| Maximum Drawdown | 6.52 | |||
| Value At Risk | (2.39) | |||
| Potential Upside | 2.67 |
Upright Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Upright Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Upright Growth's standard deviation. In reality, there are many statistical measures that can use Upright Growth historical prices to predict the future Upright Growth's volatility.| Risk Adjusted Performance | 0.0827 | |||
| Jensen Alpha | 0.1237 | |||
| Total Risk Alpha | 0.0949 | |||
| Sortino Ratio | 0.086 | |||
| Treynor Ratio | 0.1072 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Upright Growth'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.
Upright Growth Income Backtested Returns
We consider Upright Growth very steady. Upright Growth Income owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0737, which indicates the fund had a 0.0737% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Upright Growth Income, which you can use to evaluate the volatility of the fund. Please validate Upright Growth's Semi Deviation of 1.41, risk adjusted performance of 0.0827, and Coefficient Of Variation of 815.23 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. The entity has a beta of 1.72, 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, Upright Growth will likely underperform.
Auto-correlation | -0.34 |
Poor reverse predictability
Upright Growth Income has poor reverse predictability. Overlapping area represents the amount of predictability between Upright Growth time series from 4th of March 2024 to 18th of April 2024 and 18th of April 2024 to 2nd of June 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 Upright Growth Income price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Upright Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.88 |
Upright Growth Income lagged returns against current returns
Autocorrelation, which is Upright Growth 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 Upright Growth's mutual fund expected returns. We can calculate the autocorrelation of Upright Growth returns to help us make a trade decision. For example, suppose you find that Upright Growth 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 |
Upright Growth 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 Upright Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Upright Growth mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Upright Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Upright Growth Lagged Returns
When evaluating Upright Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Upright Growth mutual fund have on its future price. Upright Growth 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, Upright Growth autocorrelation shows the relationship between Upright Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Upright Growth Income.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Upright Growth Correlation, Upright Growth Volatility and Upright Growth Alpha and Beta module to complement your research on Upright Growth. Note that the Upright Growth Income information on this page should be used as a complementary analysis to other Upright Growth'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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Upright Growth 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.