Lyrical International Value Fund Market Value
| LYRNX Fund | USD 11.88 0.04 0.34% |
| Symbol | Lyrical |
Lyrical International '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 Lyrical International'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 Lyrical International.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Lyrical International on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Lyrical International Value or generate 0.0% return on investment in Lyrical International over 30 days. Lyrical International is related to or competes with Dodge International, SCOR PK, Morningstar Unconstrained, SPACE, and Via Renewables. The fund seeks to achieve its investment objective by investing principally in a diversified portfolio of common stocks ... More
Lyrical International 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 Lyrical International'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 Lyrical International Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8302 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.68 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 0.9314 |
Lyrical International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lyrical International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lyrical International's standard deviation. In reality, there are many statistical measures that can use Lyrical International historical prices to predict the future Lyrical International's volatility.| Risk Adjusted Performance | 0.0421 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0385 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Lyrical International'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.
Lyrical International Backtested Returns
We consider Lyrical International out of control. Lyrical International has Sharpe Ratio of 0.0204, which conveys that the entity had a 0.0204% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Lyrical International, which you can use to evaluate the volatility of the fund. Please verify Lyrical International's Mean Deviation of 0.5305, downside deviation of 0.8302, and Risk Adjusted Performance of 0.0421 to check out if the risk estimate we provide is consistent with the expected return of 0.0146%. The fund secures a Beta (Market Risk) of 0.94, which conveys possible diversification benefits within a given portfolio. Lyrical International returns are very sensitive to returns on the market. As the market goes up or down, Lyrical International is expected to follow.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Lyrical International Value has insignificant reverse predictability. Overlapping area represents the amount of predictability between Lyrical International time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Lyrical International price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Lyrical International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Lyrical International lagged returns against current returns
Autocorrelation, which is Lyrical International 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 Lyrical International's mutual fund expected returns. We can calculate the autocorrelation of Lyrical International returns to help us make a trade decision. For example, suppose you find that Lyrical International 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 |
Lyrical International 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 Lyrical International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lyrical International mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lyrical International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Lyrical International Lagged Returns
When evaluating Lyrical International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lyrical International mutual fund have on its future price. Lyrical International 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, Lyrical International autocorrelation shows the relationship between Lyrical International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Lyrical International Value.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Lyrical International in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Lyrical International's short interest history, or implied volatility extrapolated from Lyrical International options trading.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Lyrical International Correlation, Lyrical International Volatility and Lyrical International Alpha and Beta module to complement your research on Lyrical International. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Lyrical International 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.