Qs Defensive Growth Fund Market Value
| LMLRX Fund | USD 12.83 0.01 0.08% |
| Symbol | LMLRX |
Qs Defensive '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 Qs Defensive'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 Qs Defensive.
| 03/17/2024 |
| 06/15/2024 |
If you would invest 0.00 in Qs Defensive on March 17, 2024 and sell it all today you would earn a total of 0.00 from holding Qs Defensive Growth or generate 0.0% return on investment in Qs Defensive over 90 days. Qs Defensive is related to or competes with Clearbridge Aggressive, Clearbridge Small, Qs International, Clearbridge Appreciation, Legg Mason, Western Asset, and Western Asset. The fund is a fund of fundsit invests in other mutual funds and may also invest in exchange-traded funds More
Qs Defensive 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 Qs Defensive'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 Qs Defensive Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5125 | |||
| Information Ratio | 0.0421 | |||
| Maximum Drawdown | 2.06 | |||
| Value At Risk | (0.63) | |||
| Potential Upside | 0.7287 |
Qs Defensive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qs Defensive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qs Defensive's standard deviation. In reality, there are many statistical measures that can use Qs Defensive historical prices to predict the future Qs Defensive's volatility.| Risk Adjusted Performance | 0.019 | |||
| Jensen Alpha | 0.0126 | |||
| Total Risk Alpha | 0.0153 | |||
| Sortino Ratio | 0.0366 | |||
| Treynor Ratio | 0.0127 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Qs Defensive'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.
Qs Defensive Growth Backtested Returns
We consider Qs Defensive very steady. Qs Defensive Growth retains Efficiency (Sharpe Ratio) of 0.0663, which implies the entity had a 0.0663% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for Qs Defensive, which you can use to evaluate the volatility of the fund. Please check Qs Defensive's standard deviation of 0.4454, and Market Risk Adjusted Performance of 0.0227 to confirm if the risk estimate we provide is consistent with the expected return of 0.0297%. The fund owns a Beta (Systematic Risk) of 0.5, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Qs Defensive's returns are expected to increase less than the market. However, during the bear market, the loss of holding Qs Defensive is expected to be smaller as well.
Auto-correlation | -0.33 |
Poor reverse predictability
Qs Defensive Growth has poor reverse predictability. Overlapping area represents the amount of predictability between Qs Defensive time series from 17th of March 2024 to 1st of May 2024 and 1st of May 2024 to 15th of June 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 Qs Defensive Growth price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Qs Defensive price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Qs Defensive Growth lagged returns against current returns
Autocorrelation, which is Qs Defensive 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 Qs Defensive's mutual fund expected returns. We can calculate the autocorrelation of Qs Defensive returns to help us make a trade decision. For example, suppose you find that Qs Defensive 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 |
Qs Defensive 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 Qs Defensive mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qs Defensive mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qs Defensive mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Qs Defensive Lagged Returns
When evaluating Qs Defensive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qs Defensive mutual fund have on its future price. Qs Defensive 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, Qs Defensive autocorrelation shows the relationship between Qs Defensive mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Qs Defensive Growth.
Regressed Prices |
| Timeline |
Also Currently Popular
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Other Information on Investing in LMLRX Mutual Fund
Qs Defensive financial ratios help investors to determine whether LMLRX Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in LMLRX with respect to the benefits of owning Qs Defensive security.
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