Pro Blend Maximum Term Fund Market Value
EXHAX Fund | USD 24.76 0.15 0.61% |
Symbol | Pro-blend |
Pro-blend Maximum '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 Pro-blend Maximum'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 Pro-blend Maximum.
02/27/2024 |
| 03/28/2024 |
If you would invest 0.00 in Pro-blend Maximum on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Pro Blend Maximum Term or generate 0.0% return on investment in Pro-blend Maximum over 30 days. Pro-blend Maximum is related to or competes with Manning Napier, Manning Napier, Manning Napier, Disciplined Value, Manning Napier, Unconstrained Bond, and Core Bond. The fund invests primarily in common stocks and in long-term fixed income securities More
Pro-blend Maximum 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 Pro-blend Maximum'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 Pro Blend Maximum Term upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.476 | |||
Information Ratio | (0.1) | |||
Maximum Drawdown | 2.75 | |||
Value At Risk | (0.66) | |||
Potential Upside | 1.11 |
Pro-blend Maximum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pro-blend Maximum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pro-blend Maximum's standard deviation. In reality, there are many statistical measures that can use Pro-blend Maximum historical prices to predict the future Pro-blend Maximum's volatility.Risk Adjusted Performance | 0.0902 | |||
Jensen Alpha | 0.081 | |||
Total Risk Alpha | (0.04) | |||
Sortino Ratio | (0.10) | |||
Treynor Ratio | (1.53) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pro-blend Maximum'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.
Pro-blend Maximum Term Backtested Returns
We consider Pro-blend Maximum very steady. Pro-blend Maximum Term maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Pro-blend Maximum Term, which you can use to evaluate the volatility of the fund. Please check Pro-blend Maximum's Risk Adjusted Performance of 0.0902, semi deviation of 0.3344, and Coefficient Of Variation of 611.16 to confirm if the risk estimate we provide is consistent with the expected return of 0.0731%. The fund holds a Beta of -0.049, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pro-blend Maximum are expected to decrease at a much lower rate. During the bear market, Pro-blend Maximum is likely to outperform the market.
Auto-correlation | 0.52 |
Modest predictability
Pro Blend Maximum Term has modest predictability. Overlapping area represents the amount of predictability between Pro-blend Maximum time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 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 Pro-blend Maximum Term price movement. The serial correlation of 0.52 indicates that about 52.0% of current Pro-blend Maximum price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.52 | |
Spearman Rank Test | 0.61 | |
Residual Average | 0.0 | |
Price Variance | 0.02 |
Pro-blend Maximum Term lagged returns against current returns
Autocorrelation, which is Pro-blend Maximum 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 Pro-blend Maximum's mutual fund expected returns. We can calculate the autocorrelation of Pro-blend Maximum returns to help us make a trade decision. For example, suppose you find that Pro-blend Maximum 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 |
Pro-blend Maximum 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 Pro-blend Maximum mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pro-blend Maximum mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pro-blend Maximum mutual fund over time.
Current vs Lagged Prices |
Timeline |
Pro-blend Maximum Lagged Returns
When evaluating Pro-blend Maximum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pro-blend Maximum mutual fund have on its future price. Pro-blend Maximum 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, Pro-blend Maximum autocorrelation shows the relationship between Pro-blend Maximum mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pro Blend Maximum Term.
Regressed Prices |
Timeline |
Pair Trading with Pro-blend Maximum
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 Pro-blend Maximum 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 Pro-blend Maximum will appreciate offsetting losses from the drop in the long position's value.Moving together with Pro-blend Mutual Fund
0.89 | MDFSX | Disciplined Value Series | PairCorr |
The ability to find closely correlated positions to Pro-blend Maximum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pro-blend Maximum 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 Pro-blend Maximum - 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 Pro Blend Maximum Term to buy it.
The correlation of Pro-blend Maximum 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 Pro-blend Maximum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pro-blend Maximum Term 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 Pro-blend Maximum 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 Pro-blend Maximum Correlation, Pro-blend Maximum Volatility and Pro-blend Maximum Alpha and Beta module to complement your research on Pro-blend Maximum. Note that the Pro-blend Maximum Term information on this page should be used as a complementary analysis to other Pro-blend Maximum'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 AI Investment Finder module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Pro-blend Mutual Fund analysis
When running Pro-blend Maximum's price analysis, check to measure Pro-blend Maximum'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 Pro-blend Maximum is operating at the current time. Most of Pro-blend Maximum's value examination focuses on studying past and present price action to predict the probability of Pro-blend Maximum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pro-blend Maximum's price. Additionally, you may evaluate how the addition of Pro-blend Maximum to your portfolios can decrease your overall portfolio volatility.
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