Pro Blend Extended Term Fund Market Value
| MNECX Fund | USD 18.55 0.07 0.38% |
| Symbol | Pro |
Pro Blend '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 Pro Blend'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 Pro Blend.
| 04/30/2022 |
| 04/19/2024 |
If you would invest 0.00 in Pro Blend on April 30, 2022 and sell it all today you would earn a total of 0.00 from holding Pro Blend Extended Term or generate 0.0% return on investment in Pro Blend over 720 days. Pro Blend is related to or competes with Pro Blend, Unconstrained Bond, Pro Blend, Manning Napier, Disciplined Value, Pro Blend, and Pro Blend. The fund invests primarily in common stocks and long-term fixed income securities More
Pro Blend 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 Pro Blend'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 Pro Blend Extended Term upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 2.23 | |||
| Value At Risk | (0.64) | |||
| Potential Upside | 0.5342 |
Pro Blend Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pro Blend's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pro Blend's standard deviation. In reality, there are many statistical measures that can use Pro Blend historical prices to predict the future Pro Blend's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pro Blend'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.
Pro Blend Extended Backtested Returns
Pro Blend Extended maintains Sharpe Ratio (i.e., Efficiency) of -0.0331, which implies the entity had a -0.0331% return per unit of risk over the last 3 months. Pro Blend Extended exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pro Blend's Variance of 0.1681, coefficient of variation of (5,044), and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The fund holds a Beta of 0.54, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pro Blend's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pro Blend is expected to be smaller as well.
Auto-correlation | 0.50 |
Modest predictability
Pro Blend Extended Term has modest predictability. Overlapping area represents the amount of predictability between Pro Blend time series from 30th of April 2022 to 25th of April 2023 and 25th of April 2023 to 19th 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 Pro Blend Extended price movement. The serial correlation of 0.5 indicates that about 50.0% of current Pro Blend price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.38 |
Pro Blend Extended lagged returns against current returns
Autocorrelation, which is Pro Blend 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 Pro Blend's mutual fund expected returns. We can calculate the autocorrelation of Pro Blend returns to help us make a trade decision. For example, suppose you find that Pro Blend 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 |
Pro Blend 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 Pro Blend mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pro Blend mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pro Blend mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pro Blend Lagged Returns
When evaluating Pro Blend's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pro Blend mutual fund have on its future price. Pro Blend 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, Pro Blend autocorrelation shows the relationship between Pro Blend mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pro Blend Extended Term.
Regressed Prices |
| Timeline |
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 Pro Blend Correlation, Pro Blend Volatility and Pro Blend Alpha and Beta module to complement your research on Pro Blend. Note that the Pro Blend Extended information on this page should be used as a complementary analysis to other Pro Blend's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Pro Blend 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.