Mm Select Equity Fund Market Value
| MSEJX Fund | USD 7.79 0.10 1.30% |
| Symbol | MSEJX |
Mm Select '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 Mm Select'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 Mm Select.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Mm Select on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Mm Select Equity or generate 0.0% return on investment in Mm Select over 30 days. Mm Select is related to or competes with Massmutual Select, Massmutual Select, Massmutual Select, Massmutual Select, Massmutual Select, Massmutual Select, and Massmutual Select. The fund invests at least 80 percent of its net assets in equity securities More
Mm Select 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 Mm Select'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 Mm Select Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7211 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 3.62 | |||
| Value At Risk | (1.25) | |||
| Potential Upside | 1.2 |
Mm Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mm Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mm Select's standard deviation. In reality, there are many statistical measures that can use Mm Select historical prices to predict the future Mm Select's volatility.| Risk Adjusted Performance | 0.074 | |||
| Jensen Alpha | (0.0001) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0791 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mm Select'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.
Mm Select Equity Backtested Returns
We consider Mm Select very steady. Mm Select Equity retains Efficiency (Sharpe Ratio) of 0.0947, which conveys that the entity had a 0.0947% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for Mm Select, which you can use to evaluate the volatility of the fund. Please verify Mm Select's Market Risk Adjusted Performance of 0.0891, standard deviation of 0.7494, and Mean Deviation of 0.5902 to check out if the risk estimate we provide is consistent with the expected return of 0.0727%. The fund owns a Beta (Systematic Risk) of 0.98, which conveys possible diversification benefits within a given portfolio. Mm Select returns are very sensitive to returns on the market. As the market goes up or down, Mm Select is expected to follow.
Auto-correlation | 0.56 |
Modest predictability
Mm Select Equity has modest predictability. Overlapping area represents the amount of predictability between Mm Select 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 Mm Select Equity price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Mm Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Mm Select Equity lagged returns against current returns
Autocorrelation, which is Mm Select 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 Mm Select's mutual fund expected returns. We can calculate the autocorrelation of Mm Select returns to help us make a trade decision. For example, suppose you find that Mm Select 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 |
Mm Select 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 Mm Select mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mm Select mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mm Select mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mm Select Lagged Returns
When evaluating Mm Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mm Select mutual fund have on its future price. Mm Select 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, Mm Select autocorrelation shows the relationship between Mm Select mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mm Select Equity.
Regressed Prices |
| Timeline |
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Mm Select 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.