Americafirst Monthly Risk On Fund Market Value

ABRUX Fund  USD 13.69  0.05  0.37%   
Americafirst Monthly's market value is the price at which a share of Americafirst Monthly trades on a public exchange. It measures the collective expectations of Americafirst Monthly Risk On investors about its performance. Americafirst Monthly is trading at 13.69 as of the 28th of March 2024; that is 0.37 percent increase since the beginning of the trading day. The fund's open price was 13.64.
With this module, you can estimate the performance of a buy and hold strategy of Americafirst Monthly Risk On and determine expected loss or profit from investing in Americafirst Monthly over a given investment horizon. Check out Americafirst Monthly Correlation, Americafirst Monthly Volatility and Americafirst Monthly Alpha and Beta module to complement your research on Americafirst Monthly.
Symbol

Please note, there is a significant difference between Americafirst Monthly's value and its price as these two are different measures arrived at by different means. Investors typically determine if Americafirst Monthly is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Americafirst Monthly'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.

Americafirst Monthly '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 Americafirst Monthly'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 Americafirst Monthly.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in Americafirst Monthly on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Americafirst Monthly Risk On or generate 0.0% return on investment in Americafirst Monthly over 30 days. Americafirst Monthly is related to or competes with USCF Gold, Americafirst Large, Americafirst Large, Americafirst Large, Americafirst Income, Americafirst Income, and Americafirst Income. The fund seeks to achieve its investment objective primarily through long positions in global equity markets and U.S More

Americafirst Monthly 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 Americafirst Monthly'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 Americafirst Monthly Risk On upside and downside potential and time the market with a certain degree of confidence.

Americafirst Monthly Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Americafirst Monthly's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Americafirst Monthly's standard deviation. In reality, there are many statistical measures that can use Americafirst Monthly historical prices to predict the future Americafirst Monthly's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Americafirst Monthly'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
12.1913.7315.27
Details
Intrinsic
Valuation
LowRealHigh
12.0313.5715.11
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Americafirst Monthly. Your research has to be compared to or analyzed against Americafirst Monthly's peers to derive any actionable benefits. When done correctly, Americafirst Monthly'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 Americafirst Monthly.

Americafirst Monthly Backtested Returns

We consider Americafirst Monthly not too volatile. Americafirst Monthly secures Sharpe Ratio (or Efficiency) of 0.0889, which signifies that the fund had a 0.0889% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Americafirst Monthly Risk On, which you can use to evaluate the volatility of the entity. Please confirm Americafirst Monthly's mean deviation of 1.2, and Risk Adjusted Performance of 0.0617 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. The fund shows a Beta (market volatility) of 1.52, which signifies 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, Americafirst Monthly will likely underperform.

Auto-correlation

    
  -0.09  

Very weak reverse predictability

Americafirst Monthly Risk On has very weak reverse predictability. Overlapping area represents the amount of predictability between Americafirst Monthly 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 Americafirst Monthly price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Americafirst Monthly price fluctuation can be explain by its past prices.
Correlation Coefficient-0.09
Spearman Rank Test-0.73
Residual Average0.0
Price Variance0.03

Americafirst Monthly lagged returns against current returns

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

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

Americafirst Monthly Lagged Returns

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

Pair Trading with Americafirst Monthly

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Americafirst Monthly position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Americafirst Monthly will appreciate offsetting losses from the drop in the long position's value.

Moving together with Americafirst Mutual Fund

  0.86SBQAX Americafirst Large CapPairCorr
  0.85SBQIX Americafirst Large CapPairCorr
  0.85SBQUX Americafirst Large CapPairCorr
The ability to find closely correlated positions to Americafirst Monthly could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Americafirst Monthly when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Americafirst Monthly - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Americafirst Monthly Risk On to buy it.
The correlation of Americafirst Monthly is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Americafirst Monthly moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Americafirst Monthly moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Americafirst Monthly can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Americafirst Monthly Correlation, Americafirst Monthly Volatility and Americafirst Monthly Alpha and Beta module to complement your research on Americafirst Monthly.
You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

Complementary Tools for Americafirst Mutual Fund analysis

When running Americafirst Monthly's price analysis, check to measure Americafirst Monthly'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 Americafirst Monthly is operating at the current time. Most of Americafirst Monthly's value examination focuses on studying past and present price action to predict the probability of Americafirst Monthly's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Americafirst Monthly's price. Additionally, you may evaluate how the addition of Americafirst Monthly to your portfolios can decrease your overall portfolio volatility.
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Americafirst Monthly 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 Americafirst Monthly technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Americafirst Monthly 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...