Ab Servative Wealth Fund Market Value
| APWKX Fund | USD 11.67 0.04 0.34% |
| Symbol | APWKX |
Ab Servative '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 Ab Servative'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 Ab Servative.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Ab Servative on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Ab Servative Wealth or generate 0.0% return on investment in Ab Servative over 30 days. Ab Servative is related to or competes with Ab Global, Ab Global, Ab Global, Ab Minnesota, Ab Minnesota, Ab All, and Ab All. The fund invests in a diversified portfolio of equity and fixed-income securities More
Ab Servative 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 Ab Servative'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 Ab Servative Wealth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6006 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 2.84 | |||
| Value At Risk | (0.84) | |||
| Potential Upside | 0.8496 |
Ab Servative Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ab Servative's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ab Servative's standard deviation. In reality, there are many statistical measures that can use Ab Servative historical prices to predict the future Ab Servative's volatility.| Risk Adjusted Performance | 8.0E-4 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ab Servative'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.
Ab Servative Wealth Backtested Returns
Ab Servative Wealth retains Efficiency (Sharpe Ratio) of -0.0263, which signifies that the fund had a -0.0263% return per unit of price deviation over the last 3 months. Ab Servative exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ab Servative's Standard Deviation of 0.565, coefficient of variation of 35921.47, and Market Risk Adjusted Performance of (0.0006) to double-check the risk estimate we provide. The fund owns a Beta (Systematic Risk) of 0.8, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Ab Servative's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ab Servative is expected to be smaller as well.
Auto-correlation | 0.74 |
Good predictability
Ab Servative Wealth has good predictability. Overlapping area represents the amount of predictability between Ab Servative 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 Ab Servative Wealth price movement. The serial correlation of 0.74 indicates that around 74.0% of current Ab Servative price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Ab Servative Wealth lagged returns against current returns
Autocorrelation, which is Ab Servative 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 Ab Servative's mutual fund expected returns. We can calculate the autocorrelation of Ab Servative returns to help us make a trade decision. For example, suppose you find that Ab Servative 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 |
Ab Servative 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 Ab Servative mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ab Servative mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ab Servative mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ab Servative Lagged Returns
When evaluating Ab Servative's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ab Servative mutual fund have on its future price. Ab Servative 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, Ab Servative autocorrelation shows the relationship between Ab Servative mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ab Servative Wealth.
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 Ab Servative 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, Ab Servative's short interest history, or implied volatility extrapolated from Ab Servative options trading.
Pair Trading with Ab Servative
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 Ab Servative 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 Ab Servative will appreciate offsetting losses from the drop in the long position's value.Moving together with APWKX Mutual Fund
| 0.76 | GCEAX | Ab Global E | PairCorr |
| 0.67 | GCECX | Ab Global E | PairCorr |
| 0.67 | GCEYX | Ab Global E | PairCorr |
| 0.67 | AMNCX | Ab Minnesota Portfolio | PairCorr |
| 0.63 | AMNAX | Ab Minnesota Portfolio | PairCorr |
The ability to find closely correlated positions to Ab Servative could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ab Servative 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 Ab Servative - 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 Ab Servative Wealth to buy it.
The correlation of Ab Servative 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 Ab Servative moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ab Servative Wealth 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 Ab Servative 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 Ab Servative Correlation, Ab Servative Volatility and Ab Servative Alpha and Beta module to complement your research on Ab Servative. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Ab Servative 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.