Angel Oak Ultrashort Fund Market Value
| AOUNX Fund | USD 9.78 0.01 0.10% |
| Symbol | Angel |
Angel Oak '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 Angel Oak'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 Angel Oak.
| 03/15/2024 |
| 06/13/2024 |
If you would invest 0.00 in Angel Oak on March 15, 2024 and sell it all today you would earn a total of 0.00 from holding Angel Oak Ultrashort or generate 0.0% return on investment in Angel Oak over 90 days. Angel Oak is related to or competes with Angel Oak, Angel Oak, Angel Oak, Doubleline Income, Angel Oak, and Angel Oak. The fund invests primarily in agency and non-agency residential mortgage-backed securities , asset-backed securities , More
Angel Oak 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 Angel Oak'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 Angel Oak Ultrashort upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1129 | |||
| Information Ratio | 0.1117 | |||
| Maximum Drawdown | 0.5189 | |||
| Value At Risk | (0.10) | |||
| Potential Upside | 0.104 |
Angel Oak Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Angel Oak's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Angel Oak's standard deviation. In reality, there are many statistical measures that can use Angel Oak historical prices to predict the future Angel Oak's volatility.| Risk Adjusted Performance | 0.1046 | |||
| Jensen Alpha | 0.0151 | |||
| Total Risk Alpha | 0.0144 | |||
| Sortino Ratio | 0.0983 | |||
| Treynor Ratio | (3.67) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Angel Oak'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.
Angel Oak Ultrashort Backtested Returns
We consider Angel Oak very steady. Angel Oak Ultrashort secures Sharpe Ratio (or Efficiency) of 0.26, which signifies that the fund had a 0.26% return per unit of standard deviation over the last 3 months. We have found twenty-six technical indicators for Angel Oak Ultrashort, which you can use to evaluate the volatility of the entity. Please confirm Angel Oak's risk adjusted performance of 0.1046, and Mean Deviation of 0.059 to double-check if the risk estimate we provide is consistent with the expected return of 0.0267%. The fund shows a Beta (market volatility) of -0.0041, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Angel Oak are expected to decrease at a much lower rate. During the bear market, Angel Oak is likely to outperform the market.
Auto-correlation | 0.40 |
Average predictability
Angel Oak Ultrashort has average predictability. Overlapping area represents the amount of predictability between Angel Oak time series from 15th of March 2024 to 29th of April 2024 and 29th of April 2024 to 13th of June 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 Angel Oak Ultrashort price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Angel Oak price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Angel Oak Ultrashort lagged returns against current returns
Autocorrelation, which is Angel Oak 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 Angel Oak's mutual fund expected returns. We can calculate the autocorrelation of Angel Oak returns to help us make a trade decision. For example, suppose you find that Angel Oak 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 |
Angel Oak 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 Angel Oak mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Angel Oak mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Angel Oak mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Angel Oak Lagged Returns
When evaluating Angel Oak's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Angel Oak mutual fund have on its future price. Angel Oak 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, Angel Oak autocorrelation shows the relationship between Angel Oak mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Angel Oak Ultrashort.
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.Other Information on Investing in Angel Mutual Fund
Angel Oak financial ratios help investors to determine whether Angel Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Angel with respect to the benefits of owning Angel Oak security.
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