Nasdaq 100 Index Fund Market Value
| VCNIX Fund | USD 23.30 0.07 0.30% |
| Symbol | Nasdaq |
Nasdaq 100 '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 Nasdaq 100'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 Nasdaq 100.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Nasdaq 100 on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Nasdaq 100 Index Fund or generate 0.0% return on investment in Nasdaq 100 over 30 days. Nasdaq 100 is related to or competes with Amana Income, Amana Income, Amana Developing, and Amana Developing. The Subadviser invests, under normal circumstances, at least 80 percent of the funds net assets in companies that are li... More
Nasdaq 100 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 Nasdaq 100'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 Nasdaq 100 Index Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 5.62 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 1.53 |
Nasdaq 100 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nasdaq 100's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nasdaq 100's standard deviation. In reality, there are many statistical measures that can use Nasdaq 100 historical prices to predict the future Nasdaq 100's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nasdaq 100'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.
Nasdaq 100 Index Backtested Returns
Nasdaq 100 Index has Sharpe Ratio of -0.0414, which conveys that the entity had a -0.0414% return per unit of risk over the last 3 months. Nasdaq 100 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nasdaq 100's Mean Deviation of 0.8403, risk adjusted performance of (0.02), and Standard Deviation of 1.08 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.99, which conveys possible diversification benefits within a given portfolio. Nasdaq 100 returns are very sensitive to returns on the market. As the market goes up or down, Nasdaq 100 is expected to follow.
Auto-correlation | 0.60 |
Good predictability
Nasdaq 100 Index Fund has good predictability. Overlapping area represents the amount of predictability between Nasdaq 100 time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Nasdaq 100 Index price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Nasdaq 100 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Nasdaq 100 Index lagged returns against current returns
Autocorrelation, which is Nasdaq 100 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 Nasdaq 100's mutual fund expected returns. We can calculate the autocorrelation of Nasdaq 100 returns to help us make a trade decision. For example, suppose you find that Nasdaq 100 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 |
Nasdaq 100 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 Nasdaq 100 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nasdaq 100 mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nasdaq 100 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nasdaq 100 Lagged Returns
When evaluating Nasdaq 100's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nasdaq 100 mutual fund have on its future price. Nasdaq 100 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, Nasdaq 100 autocorrelation shows the relationship between Nasdaq 100 mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nasdaq 100 Index Fund.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Nasdaq 100 Correlation, Nasdaq 100 Volatility and Nasdaq 100 Alpha and Beta module to complement your research on Nasdaq 100. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Nasdaq 100 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.