Locorr Spectrum Income Fund Market Value
| LSPAX Fund | USD 5.35 0.01 0.19% |
| Symbol | Locorr |
Locorr Spectrum '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 Locorr Spectrum'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 Locorr Spectrum.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Locorr Spectrum on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Locorr Spectrum Income or generate 0.0% return on investment in Locorr Spectrum over 30 days. Locorr Spectrum is related to or competes with Locorr Market, Locorr Market, Locorr Market, Locorr Longshort, Locorr Longshort, Locorr Longshort, and Locorr Dynamic. The fund seeks to achieve its investment objectives by allocating its assets primarily among income-producing securities... More
Locorr Spectrum 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 Locorr Spectrum'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 Locorr Spectrum Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8369 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 3.12 | |||
| Value At Risk | (1.12) | |||
| Potential Upside | 0.9506 |
Locorr Spectrum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Locorr Spectrum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Locorr Spectrum's standard deviation. In reality, there are many statistical measures that can use Locorr Spectrum historical prices to predict the future Locorr Spectrum's volatility.| Risk Adjusted Performance | 0.0133 | |||
| Jensen Alpha | 0.005 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Locorr Spectrum'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.
Locorr Spectrum Me Backtested Returns
We consider Locorr Spectrum not too volatile. Locorr Spectrum Me has Sharpe Ratio of 0.0462, which conveys that the entity had a 0.0462% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Locorr Spectrum, which you can use to evaluate the volatility of the fund. Please verify Locorr Spectrum's Mean Deviation of 0.4677, downside deviation of 0.8369, and Risk Adjusted Performance of 0.0133 to check out if the risk estimate we provide is consistent with the expected return of 0.0288%. The fund secures a Beta (Market Risk) of -0.0274, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Locorr Spectrum are expected to decrease at a much lower rate. During the bear market, Locorr Spectrum is likely to outperform the market.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Locorr Spectrum Income has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Locorr Spectrum time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 Locorr Spectrum Me price movement. The serial correlation of -0.74 indicates that around 74.0% of current Locorr Spectrum price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Locorr Spectrum Me lagged returns against current returns
Autocorrelation, which is Locorr Spectrum 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 Locorr Spectrum's mutual fund expected returns. We can calculate the autocorrelation of Locorr Spectrum returns to help us make a trade decision. For example, suppose you find that Locorr Spectrum 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 |
Locorr Spectrum 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 Locorr Spectrum mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Locorr Spectrum mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Locorr Spectrum mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Locorr Spectrum Lagged Returns
When evaluating Locorr Spectrum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Locorr Spectrum mutual fund have on its future price. Locorr Spectrum 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, Locorr Spectrum autocorrelation shows the relationship between Locorr Spectrum mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Locorr Spectrum Income.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Locorr Spectrum in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Locorr Spectrum's short interest history, or implied volatility extrapolated from Locorr Spectrum options trading.
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Try AI Portfolio ArchitectCheck out Locorr Spectrum Correlation, Locorr Spectrum Volatility and Locorr Spectrum Alpha and Beta module to complement your research on Locorr Spectrum. Note that the Locorr Spectrum Me information on this page should be used as a complementary analysis to other Locorr Spectrum'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 File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Locorr Spectrum 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.