Alpine Dynamic Dividend Fund Market Value
| ADAVX Fund | USD 4.13 0.04 0.98% |
| Symbol | Alpine |
Alpine Dynamic '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 Alpine Dynamic'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 Alpine Dynamic.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Alpine Dynamic on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Alpine Dynamic Dividend or generate 0.0% return on investment in Alpine Dynamic over 30 days. Alpine Dynamic is related to or competes with Alpine Dynamic, Aberdeen Gbl, Aberdeen Gbl, and Aberdeen Global. Under normal circumstances, the fund invests at least 80 percent of its net assets in the equity securities of certain d... More
Alpine Dynamic 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 Alpine Dynamic'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 Alpine Dynamic Dividend upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7665 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 2.43 | |||
| Value At Risk | (1.21) | |||
| Potential Upside | 0.9479 |
Alpine Dynamic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alpine Dynamic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alpine Dynamic's standard deviation. In reality, there are many statistical measures that can use Alpine Dynamic historical prices to predict the future Alpine Dynamic's volatility.| Risk Adjusted Performance | 0.0134 | |||
| Jensen Alpha | 0.0048 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | (0.18) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alpine Dynamic'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.
Alpine Dynamic Dividend Backtested Returns
We consider Alpine Dynamic not too volatile. Alpine Dynamic Dividend secures Sharpe Ratio (or Efficiency) of 0.0223, which signifies that the fund had a 0.0223% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Alpine Dynamic Dividend, which you can use to evaluate the volatility of the entity. Please confirm Alpine Dynamic's Downside Deviation of 0.7665, mean deviation of 0.4609, and Risk Adjusted Performance of 0.0134 to double-check if the risk estimate we provide is consistent with the expected return of 0.0133%. The fund shows a Beta (market volatility) of -0.0189, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Alpine Dynamic are expected to decrease at a much lower rate. During the bear market, Alpine Dynamic is likely to outperform the market.
Auto-correlation | 0.59 |
Modest predictability
Alpine Dynamic Dividend has modest predictability. Overlapping area represents the amount of predictability between Alpine Dynamic time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Alpine Dynamic Dividend price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Alpine Dynamic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Alpine Dynamic Dividend lagged returns against current returns
Autocorrelation, which is Alpine Dynamic 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 Alpine Dynamic's mutual fund expected returns. We can calculate the autocorrelation of Alpine Dynamic returns to help us make a trade decision. For example, suppose you find that Alpine Dynamic 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 |
Alpine Dynamic 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 Alpine Dynamic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alpine Dynamic mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alpine Dynamic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Alpine Dynamic Lagged Returns
When evaluating Alpine Dynamic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alpine Dynamic mutual fund have on its future price. Alpine Dynamic 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, Alpine Dynamic autocorrelation shows the relationship between Alpine Dynamic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Alpine Dynamic Dividend.
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 Alpine Dynamic 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, Alpine Dynamic's short interest history, or implied volatility extrapolated from Alpine Dynamic options trading.
Pair Trading with Alpine Dynamic
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 Alpine Dynamic 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 Alpine Dynamic will appreciate offsetting losses from the drop in the long position's value.Moving together with Alpine Mutual Fund
| 0.9 | MLSAX | Aberdeen Eq Long | PairCorr |
| 0.8 | GEGAX | Aberdeen Emerging Markets | PairCorr |
| 0.89 | GEGCX | Aberdeen Emerging Markets | PairCorr |
| 0.88 | GEMRX | Aberdeen Emerging Markets | PairCorr |
The ability to find closely correlated positions to Alpine Dynamic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alpine Dynamic 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 Alpine Dynamic - 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 Alpine Dynamic Dividend to buy it.
The correlation of Alpine Dynamic 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 Alpine Dynamic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alpine Dynamic Dividend 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 Alpine Dynamic 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.Check out Alpine Dynamic Correlation, Alpine Dynamic Volatility and Alpine Dynamic Alpha and Beta module to complement your research on Alpine Dynamic. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Alpine Dynamic 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.