Strategic Advisers Income Fund Market Value
| FPIOX Fund | USD 8.50 0.03 0.35% |
| Symbol | Strategic |
Strategic Advisers '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 Strategic Advisers' 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 Strategic Advisers.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Strategic Advisers on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Strategic Advisers Income or generate 0.0% return on investment in Strategic Advisers over 30 days. Strategic Advisers is related to or competes with Fidelity High, Fidelity New, Fidelity Total, Fidelity Balanced, and Fidelity Real. The fund normally invests primarily in income-producing debt securities, preferred stocks, and convertible securities, w... More
Strategic Advisers 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 Strategic Advisers' 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 Strategic Advisers Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3049 | |||
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 1.29 | |||
| Value At Risk | (0.35) | |||
| Potential Upside | 0.3542 |
Strategic Advisers Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Strategic Advisers' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Strategic Advisers' standard deviation. In reality, there are many statistical measures that can use Strategic Advisers historical prices to predict the future Strategic Advisers' volatility.| Risk Adjusted Performance | 0.0277 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.26) | |||
| Treynor Ratio | 0.0302 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Strategic Advisers' 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.
Strategic Advisers Backtested Returns
We consider Strategic Advisers very steady. Strategic Advisers owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0429, which indicates the fund had a 0.0429% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Strategic Advisers Income, which you can use to evaluate the volatility of the fund. Please validate Strategic Advisers' Coefficient Of Variation of 1375.96, semi deviation of 0.1722, and Risk Adjusted Performance of 0.0277 to confirm if the risk estimate we provide is consistent with the expected return of 0.0098%. The entity has a beta of 0.21, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Strategic Advisers' returns are expected to increase less than the market. However, during the bear market, the loss of holding Strategic Advisers is expected to be smaller as well.
Auto-correlation | -0.03 |
Very weak reverse predictability
Strategic Advisers Income has very weak reverse predictability. Overlapping area represents the amount of predictability between Strategic Advisers time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Strategic Advisers price movement. The serial correlation of -0.03 indicates that only 3.0% of current Strategic Advisers price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Strategic Advisers lagged returns against current returns
Autocorrelation, which is Strategic Advisers 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 Strategic Advisers' mutual fund expected returns. We can calculate the autocorrelation of Strategic Advisers returns to help us make a trade decision. For example, suppose you find that Strategic Advisers 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 |
Strategic Advisers 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 Strategic Advisers mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Strategic Advisers mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Strategic Advisers mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Strategic Advisers Lagged Returns
When evaluating Strategic Advisers' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Strategic Advisers mutual fund have on its future price. Strategic Advisers 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, Strategic Advisers autocorrelation shows the relationship between Strategic Advisers mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Strategic Advisers Income.
Regressed Prices |
| Timeline |
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Strategic Advisers 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.