361 Domestic Longshort Fund Market Value

ADMQX Fund  USD 7.94  0.03  0.38%   
361 Domestic's market value is the price at which a share of 361 Domestic trades on a public exchange. It measures the collective expectations of 361 Domestic Longshort investors about its performance. 361 Domestic is trading at 7.94 as of the 28th of March 2024; that is -0.38 percent decrease since the beginning of the trading day. The fund's open price was 7.97.
With this module, you can estimate the performance of a buy and hold strategy of 361 Domestic Longshort and determine expected loss or profit from investing in 361 Domestic over a given investment horizon. Check out 361 Domestic Correlation, 361 Domestic Volatility and 361 Domestic Alpha and Beta module to complement your research on 361 Domestic.
Symbol

Please note, there is a significant difference between 361 Domestic's value and its price as these two are different measures arrived at by different means. Investors typically determine if 361 Domestic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 361 Domestic'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.

361 Domestic '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 361 Domestic'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 361 Domestic.
0.00
09/30/2023
No Change 0.00  0.0 
In 5 months and 30 days
03/28/2024
0.00
If you would invest  0.00  in 361 Domestic on September 30, 2023 and sell it all today you would earn a total of 0.00 from holding 361 Domestic Longshort or generate 0.0% return on investment in 361 Domestic over 180 days. 361 Domestic is related to or competes with USCF Gold, 361 Global, 361 Global, 361 Global, Putnam High, Mfs Prudent, and Nuveen Amt. Under normal circumstances, the sub-adviser invests at least 80 percent of the funds net assets in equity securities More

361 Domestic 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 361 Domestic'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 361 Domestic Longshort upside and downside potential and time the market with a certain degree of confidence.

361 Domestic Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for 361 Domestic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 361 Domestic's standard deviation. In reality, there are many statistical measures that can use 361 Domestic historical prices to predict the future 361 Domestic's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 361 Domestic'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
7.477.948.41
Details
Intrinsic
Valuation
LowRealHigh
7.407.878.34
Details
Naive
Forecast
LowNextHigh
7.487.958.42
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
7.927.957.98
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as 361 Domestic. Your research has to be compared to or analyzed against 361 Domestic's peers to derive any actionable benefits. When done correctly, 361 Domestic'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 361 Domestic Longshort.

361 Domestic Longshort Backtested Returns

We consider 361 Domestic very steady. 361 Domestic Longshort retains Efficiency (Sharpe Ratio) of 0.25, which signifies that the fund had a 0.25% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for 361 Domestic, which you can use to evaluate the volatility of the entity. Please confirm 361 Domestic's Coefficient Of Variation of 403.56, market risk adjusted performance of 0.2365, and Standard Deviation of 0.46 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. The entity owns a Beta (Systematic Risk) of 0.46, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 361 Domestic's returns are expected to increase less than the market. However, during the bear market, the loss of holding 361 Domestic is expected to be smaller as well.

Auto-correlation

    
  0.90  

Excellent predictability

361 Domestic Longshort has excellent predictability. Overlapping area represents the amount of predictability between 361 Domestic time series from 30th of September 2023 to 29th of December 2023 and 29th of December 2023 to 28th 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 361 Domestic Longshort price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current 361 Domestic price fluctuation can be explain by its past prices.
Correlation Coefficient0.9
Spearman Rank Test0.89
Residual Average0.0
Price Variance0.04

361 Domestic Longshort lagged returns against current returns

Autocorrelation, which is 361 Domestic 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 361 Domestic's mutual fund expected returns. We can calculate the autocorrelation of 361 Domestic returns to help us make a trade decision. For example, suppose you find that 361 Domestic 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  

361 Domestic 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 361 Domestic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 361 Domestic mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 361 Domestic mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

361 Domestic Lagged Returns

When evaluating 361 Domestic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 361 Domestic mutual fund have on its future price. 361 Domestic 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, 361 Domestic autocorrelation shows the relationship between 361 Domestic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in 361 Domestic Longshort.
   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 361 Domestic 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, 361 Domestic's short interest history, or implied volatility extrapolated from 361 Domestic options trading.

Pair Trading with 361 Domestic

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 361 Domestic 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 361 Domestic will appreciate offsetting losses from the drop in the long position's value.

Moving together with 361 Mutual Fund

  0.64USG USCF Gold Strategy Symbol ChangePairCorr
  1.0ADMZX 361 Domestic LongshortPairCorr
  0.93AGAZX 361 Global LongshortPairCorr
  0.78NLSCX Neuberger Berman LongPairCorr
  0.8NLSAX Neuberger Berman LongPairCorr

Moving against 361 Mutual Fund

  0.7GABFX Gmo Asset AllocationPairCorr
The ability to find closely correlated positions to 361 Domestic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 361 Domestic 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 361 Domestic - 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 361 Domestic Longshort to buy it.
The correlation of 361 Domestic 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 361 Domestic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 361 Domestic Longshort 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 361 Domestic 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.
Pair CorrelationCorrelation Matching
Check out 361 Domestic Correlation, 361 Domestic Volatility and 361 Domestic Alpha and Beta module to complement your research on 361 Domestic.
You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

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When running 361 Domestic's price analysis, check to measure 361 Domestic'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 361 Domestic is operating at the current time. Most of 361 Domestic's value examination focuses on studying past and present price action to predict the probability of 361 Domestic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 361 Domestic's price. Additionally, you may evaluate how the addition of 361 Domestic to your portfolios can decrease your overall portfolio volatility.
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361 Domestic 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 361 Domestic technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of 361 Domestic 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...