Anfield Universal Fixed Fund Market Value
| AFLEX Fund | USD 8.74 0.01 0.11% |
| Symbol | Anfield |
Anfield Universal '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 Anfield Universal'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 Anfield Universal.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Anfield Universal on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Anfield Universal Fixed or generate 0.0% return on investment in Anfield Universal over 30 days. Anfield Universal is related to or competes with Nuveen Amt, Morningstar Alternatives, Semiconductors Portfolio, American Funds, Aqr Managed, Morningstar Equity, and Goldman Sachs. The fund normally invests at least 80 percent of its net assets, including any borrowings for investment purposes, in a ... More
Anfield Universal 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 Anfield Universal'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 Anfield Universal Fixed upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1574 | |||
| Information Ratio | (0.64) | |||
| Maximum Drawdown | 0.3464 | |||
| Value At Risk | (0.12) | |||
| Potential Upside | 0.1156 |
Anfield Universal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Anfield Universal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Anfield Universal's standard deviation. In reality, there are many statistical measures that can use Anfield Universal historical prices to predict the future Anfield Universal's volatility.| Risk Adjusted Performance | 0.0526 | |||
| Jensen Alpha | 0.0042 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.34) | |||
| Treynor Ratio | 0.2234 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Anfield Universal'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.
Anfield Universal Fixed Backtested Returns
We consider Anfield Universal very steady. Anfield Universal Fixed secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the fund had a 0.21% return per unit of standard deviation over the last 3 months. We have found twenty-six technical indicators for Anfield Universal Fixed, which you can use to evaluate the volatility of the entity. Please confirm Anfield Universal's risk adjusted performance of 0.0526, and Mean Deviation of 0.0602 to double-check if the risk estimate we provide is consistent with the expected return of 0.0165%. The fund shows a Beta (market volatility) of 0.0256, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Anfield Universal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Anfield Universal is expected to be smaller as well.
Auto-correlation | -0.05 |
Very weak reverse predictability
Anfield Universal Fixed has very weak reverse predictability. Overlapping area represents the amount of predictability between Anfield Universal time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Anfield Universal Fixed price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Anfield Universal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Anfield Universal Fixed lagged returns against current returns
Autocorrelation, which is Anfield Universal 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 Anfield Universal's mutual fund expected returns. We can calculate the autocorrelation of Anfield Universal returns to help us make a trade decision. For example, suppose you find that Anfield Universal 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 |
Anfield Universal 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 Anfield Universal mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Anfield Universal mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Anfield Universal mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Anfield Universal Lagged Returns
When evaluating Anfield Universal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Anfield Universal mutual fund have on its future price. Anfield Universal 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, Anfield Universal autocorrelation shows the relationship between Anfield Universal mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Anfield Universal Fixed.
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 Anfield Universal 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, Anfield Universal's short interest history, or implied volatility extrapolated from Anfield Universal options trading.
Pair Trading with Anfield Universal
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 Anfield Universal 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 Anfield Universal will appreciate offsetting losses from the drop in the long position's value.Moving together with Anfield Mutual Fund
| 0.97 | AFLIX | Anfield Universal Fixed | PairCorr |
| 0.98 | AFLKX | Anfield Universal Fixed | PairCorr |
The ability to find closely correlated positions to Anfield Universal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Anfield Universal 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 Anfield Universal - 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 Anfield Universal Fixed to buy it.
The correlation of Anfield Universal 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 Anfield Universal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Anfield Universal Fixed 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 Anfield Universal 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 Anfield Universal Correlation, Anfield Universal Volatility and Anfield Universal Alpha and Beta module to complement your research on Anfield Universal. Note that the Anfield Universal Fixed information on this page should be used as a complementary analysis to other Anfield Universal'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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Anfield Universal 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.