Responsible Esg Equity Fund Market Value
| RESGX Fund | USD 16.44 0.04 0.24% |
| Symbol | Responsible |
Responsible Esg '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 Responsible Esg'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 Responsible Esg.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Responsible Esg on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Responsible Esg Equity or generate 0.0% return on investment in Responsible Esg over 30 days. Responsible Esg is related to or competes with Morningstar Unconstrained, and SPACE. Using quantitative analysis, under normal market circumstances, the Portfolio invests at least 80 percent of the value o... More
Responsible Esg 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 Responsible Esg'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 Responsible Esg Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8862 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.02 | |||
| Value At Risk | (1.41) | |||
| Potential Upside | 1.02 |
Responsible Esg Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Responsible Esg's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Responsible Esg's standard deviation. In reality, there are many statistical measures that can use Responsible Esg historical prices to predict the future Responsible Esg's volatility.| Risk Adjusted Performance | 0.0375 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0303 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Responsible Esg'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.
Responsible Esg Equity Backtested Returns
We consider Responsible Esg very steady. Responsible Esg Equity maintains Sharpe Ratio (i.e., Efficiency) of 0.0463, which implies the entity had a 0.0463% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Responsible Esg Equity, which you can use to evaluate the volatility of the fund. Please check Responsible Esg's Semi Deviation of 0.7936, risk adjusted performance of 0.0375, and Coefficient Of Variation of 1728.11 to confirm if the risk estimate we provide is consistent with the expected return of 0.0339%. The fund holds a Beta of 1.05, which implies a somewhat significant risk relative to the market. Responsible Esg returns are very sensitive to returns on the market. As the market goes up or down, Responsible Esg is expected to follow.
Auto-correlation | 0.36 |
Below average predictability
Responsible Esg Equity has below average predictability. Overlapping area represents the amount of predictability between Responsible Esg time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Responsible Esg Equity price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Responsible Esg price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Responsible Esg Equity lagged returns against current returns
Autocorrelation, which is Responsible Esg 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 Responsible Esg's mutual fund expected returns. We can calculate the autocorrelation of Responsible Esg returns to help us make a trade decision. For example, suppose you find that Responsible Esg 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 |
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Responsible Esg 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 Responsible Esg mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Responsible Esg mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Responsible Esg mutual fund over time.
Current vs Lagged Prices |
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Responsible Esg Lagged Returns
When evaluating Responsible Esg's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Responsible Esg mutual fund have on its future price. Responsible Esg 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, Responsible Esg autocorrelation shows the relationship between Responsible Esg mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Responsible Esg Equity.
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 Responsible Esg 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, Responsible Esg's short interest history, or implied volatility extrapolated from Responsible Esg options trading.
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Check out Responsible Esg Correlation, Responsible Esg Volatility and Responsible Esg Alpha and Beta module to complement your research on Responsible Esg. Note that the Responsible Esg Equity information on this page should be used as a complementary analysis to other Responsible Esg'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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Responsible Esg 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.