Archer Dividend Growth Fund Market Value
ARDGX Fund | USD 25.36 0.38 1.52% |
Symbol | Archer |
Archer Dividend '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 Archer Dividend'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 Archer Dividend.
05/08/2022 |
| 03/28/2024 |
If you would invest 0.00 in Archer Dividend on May 8, 2022 and sell it all today you would earn a total of 0.00 from holding Archer Dividend Growth or generate 0.0% return on investment in Archer Dividend over 690 days. Archer Dividend is related to or competes with Archer Focus, Archer Balanced, Archer Income, Archer Stock, Archer Multi, and American Balanced. Under normal market conditions, the fund seeks to achieve its objective to provide income and, as a secondary focus, lon... More
Archer Dividend 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 Archer Dividend'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 Archer Dividend Growth upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.5875 | |||
Information Ratio | (0.04) | |||
Maximum Drawdown | 2.72 | |||
Value At Risk | (0.86) | |||
Potential Upside | 1.09 |
Archer Dividend Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Archer Dividend's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Archer Dividend's standard deviation. In reality, there are many statistical measures that can use Archer Dividend historical prices to predict the future Archer Dividend's volatility.Risk Adjusted Performance | 0.1014 | |||
Jensen Alpha | (0.01) | |||
Total Risk Alpha | (0.04) | |||
Sortino Ratio | (0.04) | |||
Treynor Ratio | 0.1096 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Archer Dividend'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.
Archer Dividend Growth Backtested Returns
We consider Archer Dividend very steady. Archer Dividend Growth secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the fund had a 0.13% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Archer Dividend Growth, which you can use to evaluate the volatility of the entity. Please confirm Archer Dividend's risk adjusted performance of 0.1014, and Mean Deviation of 0.4668 to double-check if the risk estimate we provide is consistent with the expected return of 0.0777%. The fund shows a Beta (market volatility) of 0.91, which signifies possible diversification benefits within a given portfolio. Archer Dividend returns are very sensitive to returns on the market. As the market goes up or down, Archer Dividend is expected to follow.
Auto-correlation | 0.12 |
Insignificant predictability
Archer Dividend Growth has insignificant predictability. Overlapping area represents the amount of predictability between Archer Dividend time series from 8th of May 2022 to 18th of April 2023 and 18th of April 2023 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 Archer Dividend Growth price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Archer Dividend price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.12 | |
Spearman Rank Test | 0.03 | |
Residual Average | 0.0 | |
Price Variance | 0.87 |
Archer Dividend Growth lagged returns against current returns
Autocorrelation, which is Archer Dividend 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 Archer Dividend's mutual fund expected returns. We can calculate the autocorrelation of Archer Dividend returns to help us make a trade decision. For example, suppose you find that Archer Dividend 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 |
Archer Dividend 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 Archer Dividend mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Archer Dividend mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Archer Dividend mutual fund over time.
Current vs Lagged Prices |
Timeline |
Archer Dividend Lagged Returns
When evaluating Archer Dividend's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Archer Dividend mutual fund have on its future price. Archer Dividend 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, Archer Dividend autocorrelation shows the relationship between Archer Dividend mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Archer Dividend Growth.
Regressed Prices |
Timeline |
Pair Trading with Archer Dividend
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 Archer Dividend 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 Archer Dividend will appreciate offsetting losses from the drop in the long position's value.Moving together with Archer Mutual Fund
0.97 | AFOCX | Archer Focus | PairCorr |
0.92 | ARCHX | Archer Balanced Fund | PairCorr |
0.82 | ARINX | Archer Income Fund | PairCorr |
0.87 | ARSKX | Archer Stock Fund | PairCorr |
The ability to find closely correlated positions to Archer Dividend could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Archer Dividend 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 Archer Dividend - 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 Archer Dividend Growth to buy it.
The correlation of Archer Dividend 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 Archer Dividend moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Archer Dividend Growth 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 Archer Dividend 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 Archer Dividend Correlation, Archer Dividend Volatility and Archer Dividend Alpha and Beta module to complement your research on Archer Dividend. Note that the Archer Dividend Growth information on this page should be used as a complementary analysis to other Archer Dividend's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for Archer Mutual Fund analysis
When running Archer Dividend's price analysis, check to measure Archer Dividend'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 Archer Dividend is operating at the current time. Most of Archer Dividend's value examination focuses on studying past and present price action to predict the probability of Archer Dividend's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Archer Dividend's price. Additionally, you may evaluate how the addition of Archer Dividend to your portfolios can decrease your overall portfolio volatility.
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Archer Dividend 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.