Conservative Balanced Allocation Fund Market Value

SUMCX Fund  USD 10.78  0.05  0.47%   
Conservative Balanced's market value is the price at which a share of Conservative Balanced trades on a public exchange. It measures the collective expectations of Conservative Balanced Allocation investors about its performance. Conservative Balanced is trading at 10.78 as of the 29th of March 2024; that is 0.47 percent increase since the beginning of the trading day. The fund's open price was 10.73.
With this module, you can estimate the performance of a buy and hold strategy of Conservative Balanced Allocation and determine expected loss or profit from investing in Conservative Balanced over a given investment horizon. Check out Conservative Balanced Correlation, Conservative Balanced Volatility and Conservative Balanced Alpha and Beta module to complement your research on Conservative Balanced.
Symbol

Please note, there is a significant difference between Conservative Balanced's value and its price as these two are different measures arrived at by different means. Investors typically determine if Conservative Balanced is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Conservative Balanced's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Conservative Balanced '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 Conservative Balanced'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 Conservative Balanced.
0.00
04/04/2023
No Change 0.00  0.0 
In 11 months and 26 days
03/29/2024
0.00
If you would invest  0.00  in Conservative Balanced on April 4, 2023 and sell it all today you would earn a total of 0.00 from holding Conservative Balanced Allocation or generate 0.0% return on investment in Conservative Balanced over 360 days. Conservative Balanced is related to or competes with Vanguard Wellesley, Blackrock Multi-asset, The Hartford, The Hartford, The Hartford, The Hartford, and The Hartford. The Portfolios main investment strategy is to invest in other Saratoga Advantage Trust mutual funds andor unaffiliated r... More

Conservative Balanced 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 Conservative Balanced'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 Conservative Balanced Allocation upside and downside potential and time the market with a certain degree of confidence.

Conservative Balanced Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Conservative Balanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Conservative Balanced's standard deviation. In reality, there are many statistical measures that can use Conservative Balanced historical prices to predict the future Conservative Balanced's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Conservative Balanced'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.
Hype
Prediction
LowEstimatedHigh
10.4210.7811.14
Details
Intrinsic
Valuation
LowRealHigh
10.3510.7111.07
Details
Naive
Forecast
LowNextHigh
10.4210.7811.14
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
10.5510.6810.81
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Conservative Balanced. Your research has to be compared to or analyzed against Conservative Balanced's peers to derive any actionable benefits. When done correctly, Conservative Balanced's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Conservative Balanced.

Conservative Balanced Backtested Returns

We consider Conservative Balanced very steady. Conservative Balanced secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the fund had a 0.19% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Conservative Balanced Allocation, which you can use to evaluate the volatility of the entity. Please confirm Conservative Balanced's Mean Deviation of 0.2759, risk adjusted performance of 0.0873, and Downside Deviation of 0.3911 to double-check if the risk estimate we provide is consistent with the expected return of 0.069%. The fund shows a Beta (market volatility) of -0.0097, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Conservative Balanced are expected to decrease at a much lower rate. During the bear market, Conservative Balanced is likely to outperform the market.

Auto-correlation

    
  0.71  

Good predictability

Conservative Balanced Allocation has good predictability. Overlapping area represents the amount of predictability between Conservative Balanced time series from 4th of April 2023 to 1st of October 2023 and 1st of October 2023 to 29th 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 Conservative Balanced price movement. The serial correlation of 0.71 indicates that around 71.0% of current Conservative Balanced price fluctuation can be explain by its past prices.
Correlation Coefficient0.71
Spearman Rank Test0.67
Residual Average0.0
Price Variance0.11

Conservative Balanced lagged returns against current returns

Autocorrelation, which is Conservative Balanced 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 Conservative Balanced's mutual fund expected returns. We can calculate the autocorrelation of Conservative Balanced returns to help us make a trade decision. For example, suppose you find that Conservative Balanced 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  

Conservative Balanced 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 Conservative Balanced mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Conservative Balanced mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Conservative Balanced mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Conservative Balanced Lagged Returns

When evaluating Conservative Balanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Conservative Balanced mutual fund have on its future price. Conservative Balanced 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, Conservative Balanced autocorrelation shows the relationship between Conservative Balanced mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Conservative Balanced Allocation.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

Check out Conservative Balanced Correlation, Conservative Balanced Volatility and Conservative Balanced Alpha and Beta module to complement your research on Conservative Balanced.
Note that the Conservative Balanced information on this page should be used as a complementary analysis to other Conservative Balanced'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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

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When running Conservative Balanced's price analysis, check to measure Conservative Balanced'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 Conservative Balanced is operating at the current time. Most of Conservative Balanced's value examination focuses on studying past and present price action to predict the probability of Conservative Balanced's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Conservative Balanced's price. Additionally, you may evaluate how the addition of Conservative Balanced to your portfolios can decrease your overall portfolio volatility.
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Conservative Balanced 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.
A focus of Conservative Balanced technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Conservative Balanced trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...