Fa529 Eq Gr Fund Market Value
| FEGDX Fund | USD 79.44 0.83 1.03% |
| Symbol | Fa529 |
Please note, there is a significant difference between Fa529 Eq's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fa529 Eq is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fa529 Eq'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.
Fa529 Eq '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 Fa529 Eq'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 Fa529 Eq.
| 10/21/2023 |
| 04/18/2024 |
If you would invest 0.00 in Fa529 Eq on October 21, 2023 and sell it all today you would earn a total of 0.00 from holding Fa529 Eq Gr or generate 0.0% return on investment in Fa529 Eq over 180 days. Fa529 Eq is related to or competes with Touchstone Ultra, 361 Domestic, Quantitative, Alpine Ultra, Delaware Investments, and Aqr Long. More
Fa529 Eq 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 Fa529 Eq'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 Fa529 Eq Gr upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9619 | |||
| Information Ratio | 0.0644 | |||
| Maximum Drawdown | 4.87 | |||
| Value At Risk | (1.46) | |||
| Potential Upside | 1.84 |
Fa529 Eq Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fa529 Eq's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fa529 Eq's standard deviation. In reality, there are many statistical measures that can use Fa529 Eq historical prices to predict the future Fa529 Eq's volatility.| Risk Adjusted Performance | 0.0792 | |||
| Jensen Alpha | 0.1088 | |||
| Total Risk Alpha | 0.0377 | |||
| Sortino Ratio | 0.0673 | |||
| Treynor Ratio | 3.54 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fa529 Eq'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.
Fa529 Eq Gr Backtested Returns
We consider Fa529 Eq very steady. Fa529 Eq Gr retains Efficiency (Sharpe Ratio) of 0.12, which denotes the fund had a 0.12% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for Fa529 Eq, which you can use to evaluate the volatility of the entity. Please confirm Fa529 Eq's Market Risk Adjusted Performance of 3.55, standard deviation of 1.0, and Downside Deviation of 0.9619 to check if the risk estimate we provide is consistent with the expected return of 0.12%. The fund owns a Beta (Systematic Risk) of 0.0311, which means not very significant fluctuations relative to the market. As returns on the market increase, Fa529 Eq's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fa529 Eq is expected to be smaller as well.
Auto-correlation | 0.91 |
Excellent predictability
Fa529 Eq Gr has excellent predictability. Overlapping area represents the amount of predictability between Fa529 Eq time series from 21st of October 2023 to 19th of January 2024 and 19th of January 2024 to 18th 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 Fa529 Eq Gr price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current Fa529 Eq price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 7.32 |
Fa529 Eq Gr lagged returns against current returns
Autocorrelation, which is Fa529 Eq 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 Fa529 Eq's mutual fund expected returns. We can calculate the autocorrelation of Fa529 Eq returns to help us make a trade decision. For example, suppose you find that Fa529 Eq 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 |
Fa529 Eq 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 Fa529 Eq mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fa529 Eq mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fa529 Eq mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fa529 Eq Lagged Returns
When evaluating Fa529 Eq's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fa529 Eq mutual fund have on its future price. Fa529 Eq 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, Fa529 Eq autocorrelation shows the relationship between Fa529 Eq mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fa529 Eq Gr.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Fa529 Eq Correlation, Fa529 Eq Volatility and Fa529 Eq Alpha and Beta module to complement your research on Fa529 Eq. Note that the Fa529 Eq Gr information on this page should be used as a complementary analysis to other Fa529 Eq'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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Fa529 Eq 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.