Ab Select Longshort Fund Market Value
| ASLKX Fund | USD 13.70 0.04 0.29% |
| Symbol | ASLKX |
Ab Select '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 Select'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 Select.
| 04/30/2022 |
| 04/19/2024 |
If you would invest 0.00 in Ab Select on April 30, 2022 and sell it all today you would earn a total of 0.00 from holding Ab Select Longshort or generate 0.0% return on investment in Ab Select over 720 days. Ab Select is related to or competes with Ab Global, Ab Global, Ab Global, Ab Minnesota, Ab Minnesota, Ab All, and Ab All. Under normal circumstances, the fund invests at least 80 percent of its net assets in equity securities of U.S More
Ab Select 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 Select'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 Select Longshort upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5063 | |||
| Information Ratio | 6.0E-4 | |||
| Maximum Drawdown | 2.47 | |||
| Value At Risk | (0.86) | |||
| Potential Upside | 0.8215 |
Ab Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ab Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ab Select's standard deviation. In reality, there are many statistical measures that can use Ab Select historical prices to predict the future Ab Select's volatility.| Risk Adjusted Performance | 0.0835 | |||
| Jensen Alpha | 0.0582 | |||
| Total Risk Alpha | 0.0119 | |||
| Sortino Ratio | 6.0E-4 | |||
| Treynor Ratio | 4.79 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ab Select'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 Select Longshort Backtested Returns
We consider Ab Select very steady. Ab Select Longshort retains Efficiency (Sharpe Ratio) of 0.12, which signifies that the fund had a 0.12% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for Ab Select, which you can use to evaluate the volatility of the entity. Please confirm Ab Select's Coefficient Of Variation of 718.96, market risk adjusted performance of 4.8, and Standard Deviation of 0.4952 to double-check if the risk estimate we provide is consistent with the expected return of 0.061%. The fund owns a Beta (Systematic Risk) of 0.0123, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Ab Select's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ab Select is expected to be smaller as well.
Auto-correlation | -0.29 |
Weak reverse predictability
Ab Select Longshort has weak reverse predictability. Overlapping area represents the amount of predictability between Ab Select time series from 30th of April 2022 to 25th of April 2023 and 25th of April 2023 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 Select Longshort price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Ab Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.4 |
Ab Select Longshort lagged returns against current returns
Autocorrelation, which is Ab Select 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 Select's mutual fund expected returns. We can calculate the autocorrelation of Ab Select returns to help us make a trade decision. For example, suppose you find that Ab Select 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 Select 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 Select mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ab Select 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 Select mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ab Select Lagged Returns
When evaluating Ab Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ab Select mutual fund have on its future price. Ab Select 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 Select autocorrelation shows the relationship between Ab Select mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ab Select Longshort.
Regressed Prices |
| Timeline |
Pair Trading with Ab Select
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 Select 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 Select will appreciate offsetting losses from the drop in the long position's value.Moving together with ASLKX Mutual Fund
| 0.94 | GCEAX | Ab Global E | PairCorr |
| 0.97 | GCECX | Ab Global E | PairCorr |
| 0.97 | GCEYX | Ab Global E | PairCorr |
| 0.88 | AMTAX | Ab All Market | PairCorr |
| 0.88 | AMTZX | Ab All Market | PairCorr |
The ability to find closely correlated positions to Ab Select 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 Select 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 Select - 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 Select Longshort to buy it.
The correlation of Ab Select 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 Select moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ab Select 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 Ab Select 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 Select Correlation, Ab Select Volatility and Ab Select Alpha and Beta module to complement your research on Ab Select. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Ab Select 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.