Maingate Mlp Fund Market Value

AMLPX Fund  USD 8.36  0.08  0.97%   
Maingate Mlp's market value is the price at which a share of Maingate Mlp trades on a public exchange. It measures the collective expectations of Maingate Mlp Fund investors about its performance. Maingate Mlp is trading at 8.36 as of the 29th of March 2024; that is 0.97 percent increase since the beginning of the trading day. The fund's open price was 8.28.
With this module, you can estimate the performance of a buy and hold strategy of Maingate Mlp Fund and determine expected loss or profit from investing in Maingate Mlp over a given investment horizon. Check out Maingate Mlp Correlation, Maingate Mlp Volatility and Maingate Mlp Alpha and Beta module to complement your research on Maingate Mlp.
Symbol

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

Maingate Mlp '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 Maingate Mlp'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 Maingate Mlp.
0.00
04/09/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
03/29/2024
0.00
If you would invest  0.00  in Maingate Mlp on April 9, 2022 and sell it all today you would earn a total of 0.00 from holding Maingate Mlp Fund or generate 0.0% return on investment in Maingate Mlp over 720 days. Maingate Mlp is related to or competes with Tortoise Mlp, Oppenheimer Steelpath, Oppenheimer Steelpath, Oppenheimer Steelpath, Oppenheimer Steelpath, Oppenheimer Steelpath, and Goldman Sachs. The fund seeks to generate total return, comprised of capital appreciation and income, by investing in master limited pa... More

Maingate Mlp 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 Maingate Mlp'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 Maingate Mlp Fund upside and downside potential and time the market with a certain degree of confidence.

Maingate Mlp Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Maingate Mlp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Maingate Mlp's standard deviation. In reality, there are many statistical measures that can use Maingate Mlp historical prices to predict the future Maingate Mlp's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Maingate Mlp'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
0.000.000.61
Details
Intrinsic
Valuation
LowRealHigh
0.000.000.61
Details
Naive
Forecast
LowNextHigh
7.768.388.99
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
7.828.118.40
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Maingate Mlp. Your research has to be compared to or analyzed against Maingate Mlp's peers to derive any actionable benefits. When done correctly, Maingate Mlp'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 Maingate Mlp Fund.

Maingate Mlp Fund Backtested Returns

We consider Maingate Mlp out of control. Maingate Mlp Fund has Sharpe Ratio of 0.31, which conveys that the entity had a 0.31% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Maingate Mlp, which you can use to evaluate the volatility of the fund. Please verify Maingate Mlp's Downside Deviation of 0.5919, mean deviation of 0.4652, and Risk Adjusted Performance of 0.1803 to check out if the risk estimate we provide is consistent with the expected return of 0.19%. The fund secures a Beta (Market Risk) of 0.58, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Maingate Mlp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Maingate Mlp is expected to be smaller as well.

Auto-correlation

    
  0.61  

Good predictability

Maingate Mlp Fund has good predictability. Overlapping area represents the amount of predictability between Maingate Mlp time series from 9th of April 2022 to 4th of April 2023 and 4th of April 2023 to 29th 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 Maingate Mlp Fund price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Maingate Mlp price fluctuation can be explain by its past prices.
Correlation Coefficient0.61
Spearman Rank Test0.69
Residual Average0.0
Price Variance0.27

Maingate Mlp Fund lagged returns against current returns

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

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

Maingate Mlp Lagged Returns

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

Pair Trading with Maingate Mlp

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 Maingate Mlp 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 Maingate Mlp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Maingate Mutual Fund

  0.82USG USCF Gold Strategy Symbol ChangePairCorr
  0.99MLCPX Maingate Mlp FundPairCorr
  0.99IMLPX Maingate Mlp FundPairCorr
  0.98TORCX Tortoise Mlp PipelinePairCorr
The ability to find closely correlated positions to Maingate Mlp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Maingate Mlp 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 Maingate Mlp - 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 Maingate Mlp Fund to buy it.
The correlation of Maingate Mlp 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 Maingate Mlp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Maingate Mlp Fund 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 Maingate Mlp 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 Maingate Mlp Correlation, Maingate Mlp Volatility and Maingate Mlp Alpha and Beta module to complement your research on Maingate Mlp.
You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

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Maingate Mlp 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 Maingate Mlp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Maingate Mlp 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...