Conservative Balanced Allocation Fund Market Value
SUMCX Fund | USD 10.78 0.05 0.47% |
Symbol | Conservative |
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.
04/04/2023 |
| 03/29/2024 |
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.
Downside Deviation | 0.3911 | |||
Information Ratio | (0.21) | |||
Maximum Drawdown | 1.73 | |||
Value At Risk | (0.48) | |||
Potential Upside | 0.6711 |
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.Risk Adjusted Performance | 0.0873 | |||
Jensen Alpha | 0.0506 | |||
Total Risk Alpha | (0.03) | |||
Sortino Ratio | (0.19) | |||
Treynor Ratio | (5.09) |
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.
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 Coefficient | 0.71 | |
Spearman Rank Test | 0.67 | |
Residual Average | 0.0 | |
Price Variance | 0.11 |
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.
Complementary Tools for Conservative Mutual Fund analysis
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.
Bonds Directory Find actively traded corporate debentures issued by US companies | |
Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
FinTech Suite Use AI to screen and filter profitable investment opportunities | |
Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes |
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.