Lifestyle Ii Aggressive Fund Market Value
| JIIOX Fund | USD 12.35 0.13 1.06% |
| Symbol | Lifestyle |
Lifestyle '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 Lifestyle'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 Lifestyle.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Lifestyle on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Lifestyle Ii Aggressive or generate 0.0% return on investment in Lifestyle over 30 days. Lifestyle is related to or competes with Fidelity Asset, Fidelity Advisor, Morningstar Unconstrained, High Yield, Thrivent High, Via Renewables, and Bondbloxx ETF. The fund operates as a fund of funds and normally invests approximately 95 percent of its assets in underlying funds tha... More
Lifestyle 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 Lifestyle'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 Lifestyle Ii Aggressive upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7187 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 2.9 | |||
| Value At Risk | (1.25) | |||
| Potential Upside | 1.07 |
Lifestyle Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lifestyle's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lifestyle's standard deviation. In reality, there are many statistical measures that can use Lifestyle historical prices to predict the future Lifestyle's volatility.| Risk Adjusted Performance | 0.0658 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0583 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Lifestyle'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.
Lifestyle Ii Aggressive Backtested Returns
We consider Lifestyle very steady. Lifestyle Ii Aggressive has Sharpe Ratio of 0.0805, which conveys that the entity had a 0.0805% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Lifestyle, which you can use to evaluate the volatility of the fund. Please verify Lifestyle's Mean Deviation of 0.5272, risk adjusted performance of 0.0658, and Downside Deviation of 0.7187 to check out if the risk estimate we provide is consistent with the expected return of 0.0555%. The fund secures a Beta (Market Risk) of 1.03, which conveys a somewhat significant risk relative to the market. Lifestyle returns are very sensitive to returns on the market. As the market goes up or down, Lifestyle is expected to follow.
Auto-correlation | 0.38 |
Below average predictability
Lifestyle Ii Aggressive has below average predictability. Overlapping area represents the amount of predictability between Lifestyle 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 Lifestyle Ii Aggressive price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Lifestyle price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Lifestyle Ii Aggressive lagged returns against current returns
Autocorrelation, which is Lifestyle 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 Lifestyle's mutual fund expected returns. We can calculate the autocorrelation of Lifestyle returns to help us make a trade decision. For example, suppose you find that Lifestyle 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 |
Lifestyle 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 Lifestyle mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lifestyle mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lifestyle mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Lifestyle Lagged Returns
When evaluating Lifestyle's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lifestyle mutual fund have on its future price. Lifestyle 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, Lifestyle autocorrelation shows the relationship between Lifestyle mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Lifestyle Ii Aggressive.
Regressed Prices |
| Timeline |
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Lifestyle 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.