Ancora Income Fund Market Value
| AAIIX Fund | USD 7.02 0.04 0.57% |
| Symbol | Ancora |
Ancora Income '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 Ancora Income'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 Ancora Income.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Ancora Income on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Ancora Income Fund or generate 0.0% return on investment in Ancora Income over 30 days. Ancora Income is related to or competes with Ms Global, Blrc Sgy, Touchstone Premium, T Rowe, Maryland Tax, Mirova Global, and Rational/pier. The fund pursues its income objective by investing primarily in income-producing securities More
Ancora Income 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 Ancora Income'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 Ancora Income Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.479 | |||
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 1.57 | |||
| Value At Risk | (0.71) | |||
| Potential Upside | 0.4348 |
Ancora Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ancora Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ancora Income's standard deviation. In reality, there are many statistical measures that can use Ancora Income historical prices to predict the future Ancora Income's volatility.| Risk Adjusted Performance | 0.0404 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | 0.051 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ancora Income'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.
Ancora Me Fund Backtested Returns
We consider Ancora Income very steady. Ancora Me Fund secures Sharpe Ratio (or Efficiency) of 0.0085, which signifies that the fund had a 0.0085% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Ancora Income Fund, which you can use to evaluate the volatility of the entity. Please confirm Ancora Income's risk adjusted performance of 0.0404, and Mean Deviation of 0.2593 to double-check if the risk estimate we provide is consistent with the expected return of 0.0029%. The fund shows a Beta (market volatility) of 0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Ancora Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ancora Income is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
Ancora Income Fund has no correlation between past and present. Overlapping area represents the amount of predictability between Ancora Income 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 Ancora Me Fund price movement. The serial correlation of 0.0 indicates that just 0.0% of current Ancora Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ancora Me Fund lagged returns against current returns
Autocorrelation, which is Ancora Income 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 Ancora Income's mutual fund expected returns. We can calculate the autocorrelation of Ancora Income returns to help us make a trade decision. For example, suppose you find that Ancora Income 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 |
Ancora Income 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 Ancora Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ancora Income mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ancora Income mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ancora Income Lagged Returns
When evaluating Ancora Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ancora Income mutual fund have on its future price. Ancora Income 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, Ancora Income autocorrelation shows the relationship between Ancora Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ancora Income Fund.
Regressed Prices |
| Timeline |
Pair Trading with Ancora Income
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ancora Income position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ancora Income will appreciate offsetting losses from the drop in the long position's value.Moving together with Ancora Mutual Fund
| 0.9 | CPXIX | Cohen Steers Prfrd | PairCorr |
| 0.91 | CPXAX | Cohen Steers Preferd | PairCorr |
| 0.92 | CPXCX | Cohen Steers Prefrd | PairCorr |
| 0.91 | CPRRX | Cohen Steers Preferred | PairCorr |
The ability to find closely correlated positions to Ancora Income could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ancora Income when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ancora Income - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ancora Income Fund to buy it.
The correlation of Ancora Income is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ancora Income moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ancora Me Fund moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ancora Income can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Ancora Income Correlation, Ancora Income Volatility and Ancora Income Alpha and Beta module to complement your research on Ancora Income. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Ancora Income 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.