Madison Servative Allocation Fund Market Value
| MCOCX Fund | USD 9.55 0.01 0.10% |
| Symbol | Madison |
Madison Servative '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 Madison Servative'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 Madison Servative.
| 01/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in Madison Servative on January 19, 2024 and sell it all today you would earn a total of 0.00 from holding Madison Servative Allocation or generate 0.0% return on investment in Madison Servative over 90 days. Madison Servative is related to or competes with Fidelity Asset, Vanguard Lifestrategy, HUMANA, Thrivent High, Morningstar Unconstrained, High Yield, and Via Renewables. The fund invests primarily in shares of other registered investment companies More
Madison Servative 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 Madison Servative'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 Madison Servative Allocation upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 1.66 | |||
| Value At Risk | (0.52) | |||
| Potential Upside | 0.5123 |
Madison Servative Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Madison Servative's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Madison Servative's standard deviation. In reality, there are many statistical measures that can use Madison Servative historical prices to predict the future Madison Servative's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Madison Servative'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.
Madison Servative Backtested Returns
We consider Madison Servative very steady. Madison Servative has Sharpe Ratio of 0.0016, which conveys that the entity had a 0.0016% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Madison Servative, which you can use to evaluate the volatility of the fund. Please verify Madison Servative's Mean Deviation of 0.2613, risk adjusted performance of (0.02), and Standard Deviation of 0.3413 to check out if the risk estimate we provide is consistent with the expected return of 6.0E-4%. The fund secures a Beta (Market Risk) of 0.45, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Madison Servative's returns are expected to increase less than the market. However, during the bear market, the loss of holding Madison Servative is expected to be smaller as well.
Auto-correlation | -0.6 |
Good reverse predictability
Madison Servative Allocation has good reverse predictability. Overlapping area represents the amount of predictability between Madison Servative time series from 19th of January 2024 to 4th of March 2024 and 4th of March 2024 to 18th 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 Madison Servative price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Madison Servative price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Madison Servative lagged returns against current returns
Autocorrelation, which is Madison Servative 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 Madison Servative's mutual fund expected returns. We can calculate the autocorrelation of Madison Servative returns to help us make a trade decision. For example, suppose you find that Madison Servative 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 |
Madison Servative 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 Madison Servative mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Madison Servative mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Madison Servative mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Madison Servative Lagged Returns
When evaluating Madison Servative's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Madison Servative mutual fund have on its future price. Madison Servative 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, Madison Servative autocorrelation shows the relationship between Madison Servative mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Madison Servative Allocation.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Madison Servative Correlation, Madison Servative Volatility and Madison Servative Alpha and Beta module to complement your research on Madison Servative. Note that the Madison Servative information on this page should be used as a complementary analysis to other Madison Servative'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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Madison Servative 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.