Amana Developing Backtesting

AMDWX -- USA Fund  

USD 10.26  0.02  0.20%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Amana Developing World Fund and determine expected loss or profit from investing in Amana Developing over given investment horizon. Check also Amana Developing Hype Analysis, Amana Developing Correlation, Portfolio Optimization, Amana Developing Volatility as well as analyze Amana Developing Alpha and Beta and Amana Developing Performance.
Horizon     30 Days    Login   to change

Amana Developing 'What if' Analysis

August 17, 2019
No Change 0.00  0.0 
In 3 months and 1 day
November 15, 2019
If you would invest  0.00  in Amana Developing on August 17, 2019 and sell it all today you would earn a total of 0.00 from holding Amana Developing World Fund or generate 0.0% return on investment in Amana Developing over 90 days. Amana Developing is related to or competes with American Funds, DFA Emerging, Virtus Vontobel, Virtus Vontobel, JPMorgan Emerging, Delaware Emerging, and Delaware Emerging. The investment seeks long-term capital growth, consistent with Islamic principles

Amana Developing Upside/Downside Indicators

Downside Deviation0.7497
Information Ratio(0.029281)
Maximum Drawdown3.61
Value At Risk(1.01)
Potential Upside1.24

Amana Developing Market Premium Indicators

Risk Adjusted Performance0.1232
Jensen Alpha0.0394
Total Risk Alpha(0.00977)
Sortino Ratio(0.026267)
Treynor Ratio0.1991

Amana Developing World Backtested Returns

We consider Amana Developing not too volatile. Amana Developing World secures Sharpe Ratio (or Efficiency) of 0.1297 which signifies that the fund had 0.1297% of return per unit of standard deviation over the last 3 months. Our philosophy in foreseeing volatility of a fund is to use all available market data together with fund specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Amana Developing World Fund which you can use to evaluate future volatility of the entity. Please confirm Amana Developing World Mean Deviation of 0.5021 and Risk Adjusted Performance of 0.1232 to double-check if risk estimate we provide are consistent with the epected return of 0.0867%. The organization shows Beta (market volatility) of 0.5229 which signifies that as returns on market increase, Amana Developing returns are expected to increase less than the market. However during bear market, the loss on holding Amana Developing will be expected to be smaller as well. Although it is extremely important to respect Amana Developing World historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy in foreseeing future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing Amana Developing World technical indicators you can presently evaluate if the expected return of 0.0867% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.59 
correlation synergy

Modest predictability

Amana Developing World Fund has modest predictability. Overlapping area represents the amount of predictability between Amana Developing time series from August 17, 2019 to October 1, 2019 and October 1, 2019 to November 15, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Amana Developing World price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Amana Developing price fluctuation can be explain by its past prices.
Correlation Coefficient0.59
Spearman Rank Test0.58
Residual Average0.0
Price Variance0.03

Amana Developing World lagged returns against current returns

 Current and Lagged Values 

Amana Developing regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Amana Developing Lagged Returns

 Regressed Prices 

Current Sentiment - AMDWX

Amana Developing World Investor Sentiment

Most of Macroaxis users are presently bullish on Amana Developing World Fund. What is your sentiment towards investing in Amana Developing World Fund? Are you bullish or bearish?
98% Bullish
2% Bearish

Amana Developing Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Amana Developing and American Funds New. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Check also Amana Developing Hype Analysis, Amana Developing Correlation, Portfolio Optimization, Amana Developing Volatility as well as analyze Amana Developing Alpha and Beta and Amana Developing Performance. Please also try Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.