Angel Oak Backtesting

ANFIX -- USA Fund  

USD 9.48  0.01  0.11%

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

Angel Oak 'What if' Analysis

July 19, 2019
No Change 0.00  0.0 
In 2 months and 31 days
October 17, 2019
If you would invest  0.00  in Angel Oak on July 19, 2019 and sell it all today you would earn a total of 0.00 from holding Angel Oak Financials Income Fun or generate 0.0% return on investment in Angel Oak over 90 days. Angel Oak is related to or competes with Lord Abbett, Lord Abbett, Lord Abbett, Vanguard Short, Vanguard, Vanguard, and Intermediate Bond. The investment seeks current income with a secondary objective of total return

Angel Oak Upside/Downside Indicators

Downside Deviation0.1668
Information Ratio0.2149
Maximum Drawdown0.7425
Value At Risk(0.21)
Potential Upside0.3175

Angel Oak Market Premium Indicators

Risk Adjusted Performance0.069
Jensen Alpha0.0086
Total Risk Alpha0.0132
Sortino Ratio0.2
Treynor Ratio(0.27)

Angel Oak Financials Backtested Returns

We consider Angel Oak very steady. Angel Oak Financials secures Sharpe Ratio (or Efficiency) of 0.13 which signifies that the fund had 0.13% 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 technical indicators for Angel Oak Financials Income Fun which you can use to evaluate future volatility of the entity. Please confirm Angel Oak Financials Risk Adjusted Performance of 0.069 and Mean Deviation of 0.1195 to double-check if risk estimate we provide are consistent with the epected return of 0.0203%. The organization shows Beta (market volatility) of -0.0352 which signifies that as returns on market increase, returns on owning Angel Oak are expected to decrease at a much smaller rate. During bear market, Angel Oak is likely to outperform the market. Although it is extremely important to respect Angel Oak Financials 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 Angel Oak Financials technical indicators you can presently evaluate if the expected return of 0.0203% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.04 
correlation synergy

Virtually no predictability

Angel Oak Financials Income Fun has virtually no predictability. Overlapping area represents the amount of predictability between Angel Oak time series from July 19, 2019 to September 2, 2019 and September 2, 2019 to October 17, 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 Angel Oak Financials price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Angel Oak price fluctuation can be explain by its past prices.
Correlation Coefficient0.04
Spearman Rank Test0.18
Residual Average0.0
Price Variance0.0

Angel Oak Financials lagged returns against current returns

 Current and Lagged Values 

Angel Oak regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Angel Oak Lagged Returns

 Regressed Prices 

Current Sentiment - ANFIX

Angel Oak Financials Investor Sentiment

Macroaxis portfolio users are unresponsive in their sentiment towards investing in Angel Oak Financials Income Fun. What is your sentiment towards investing in Angel Oak Financials Income Fun? Are you bullish or bearish?
50% Bullish
50% Bearish

Angel Oak Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Angel Oak and Lord Abbett Investment. 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 Angel Oak Hype Analysis, Angel Oak Correlation, Portfolio Optimization, Angel Oak Volatility as well as analyze Angel Oak Alpha and Beta and Angel Oak Performance. Please also try Financial Widgets module to easily integrated macroaxis content with over 30 different plug-and-play financial widgets.