Convergence Opportunities Backtesting

CIPOX -- USA Fund  

USD 6.19  4.38  41.44%

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

Convergence Opportunities 'What if' Analysis

July 18, 2019
No Change 0.00  0.0 
In 2 months and 31 days
October 16, 2019
If you would invest  0.00  in Convergence Opportunities on July 18, 2019 and sell it all today you would earn a total of 0.00 from holding Convergence Opportunities Fund or generate 0.0% return on investment in Convergence Opportunities over 90 days. Convergence Opportunities is related to or competes with DFA U, JPMorgan Small, JPMorgan Small, JPMorgan Small, Vanguard Tax, Goldman Sachs, and Delaware Small. The fund seeks to achieve its investment objective by establishing long and short positions in equity securities of dome...

Convergence Opportunities Upside/Downside Indicators

Information Ratio(0.13)
Maximum Drawdown44.11
Value At Risk(2.55)
Potential Upside1.78

Convergence Opportunities Market Premium Indicators

Risk Adjusted Performance(0.12)
Jensen Alpha(0.71)
Total Risk Alpha(0.58)
Treynor Ratio7.65

Convergence Opportunities Backtested Returns

Macroaxis considers Convergence Opportunities to be dangerous. Convergence Opportunities secures Sharpe Ratio (or Efficiency) of -0.1369 which signifies that the fund had -0.1369% of return per unit of risk over the last 3 months. Macroaxis philosophy towards foreseeing risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Convergence Opportunities Fund exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Convergence Opportunities Risk Adjusted Performance of (0.12) and Mean Deviation of 1.63 to double-check risk estimate we provide. The organization shows Beta (market volatility) of -0.0932 which signifies that as returns on market increase, returns on owning Convergence Opportunities are expected to decrease at a much smaller rate. During bear market, Convergence Opportunities is likely to outperform the market. Even though it is essential to pay attention to Convergence Opportunities historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards foreseeing future performance of any fund is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Convergence Opportunities Fund exposes twenty-one different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.38 
correlation synergy

Below average predictability

Convergence Opportunities Fund has below average predictability. Overlapping area represents the amount of predictability between Convergence Opportunities time series from July 18, 2019 to September 1, 2019 and September 1, 2019 to October 16, 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 Convergence Opportunities price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Convergence Opportunities price fluctuation can be explain by its past prices.
Correlation Coefficient0.38
Spearman Rank Test0.32
Residual Average0.0
Price Variance1.86

Convergence Opportunities lagged returns against current returns

 Current and Lagged Values 

Convergence Opportunities regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Convergence Opportunities Lagged Returns

 Regressed Prices 

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Convergence Opportunities Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Convergence Opportunities and DFA U S. 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
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