Leader Total Return Fund Market Value
| LCTIX Fund | USD 11.16 0.01 0.09% |
| Symbol | Leader |
Leader Total '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 Leader Total'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 Leader Total.
| 10/17/2022 |
| 05/09/2024 |
If you would invest 0.00 in Leader Total on October 17, 2022 and sell it all today you would earn a total of 0.00 from holding Leader Total Return or generate 0.0% return on investment in Leader Total over 570 days. Leader Total is related to or competes with Metropolitan West, Metropolitan West, Total Return, Total Return, Total Return, Strategic Advisers, and Dodge Income. Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any amount of borrowings for in... More
Leader Total 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 Leader Total'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 Leader Total Return upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.52) | |||
| Maximum Drawdown | 0.6364 | |||
| Potential Upside | 0.0912 |
Leader Total Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Leader Total's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Leader Total's standard deviation. In reality, there are many statistical measures that can use Leader Total historical prices to predict the future Leader Total's volatility.| Risk Adjusted Performance | 0.0948 | |||
| Jensen Alpha | 0.0167 | |||
| Total Risk Alpha | 0.0013 | |||
| Treynor Ratio | (2.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Leader Total'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.
Leader Total Return Backtested Returns
We consider Leader Total out of control. Leader Total Return has Sharpe Ratio of 0.22, which conveys that the entity had a 0.22% return per unit of risk over the last 3 months. We have found twenty technical indicators for Leader Total, which you can use to evaluate the volatility of the fund. Please verify Leader Total's Risk Adjusted Performance of 0.0948, mean deviation of 0.0548, and Standard Deviation of 0.1175 to check out if the risk estimate we provide is consistent with the expected return of 0.0263%. The fund secures a Beta (Market Risk) of -0.0077, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Leader Total are expected to decrease at a much lower rate. During the bear market, Leader Total is likely to outperform the market.
Auto-correlation | 0.96 |
Excellent predictability
Leader Total Return has excellent predictability. Overlapping area represents the amount of predictability between Leader Total time series from 17th of October 2022 to 29th of July 2023 and 29th of July 2023 to 9th of May 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 Leader Total Return price movement. The serial correlation of 0.96 indicates that 96.0% of current Leader Total price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.96 | |
| Spearman Rank Test | 0.98 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Leader Total Return lagged returns against current returns
Autocorrelation, which is Leader Total 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 Leader Total's mutual fund expected returns. We can calculate the autocorrelation of Leader Total returns to help us make a trade decision. For example, suppose you find that Leader Total 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 |
Leader Total 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 Leader Total mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Leader Total mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Leader Total mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Leader Total Lagged Returns
When evaluating Leader Total's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Leader Total mutual fund have on its future price. Leader Total 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, Leader Total autocorrelation shows the relationship between Leader Total mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Leader Total Return.
Regressed Prices |
| Timeline |
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Leader Total 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.