Barrett Opportunity Fund Market Value
| SAOPX Fund | USD 23.23 0.04 0.17% |
| Symbol | Barrett |
Barrett Opportunity '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 Barrett Opportunity'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 Barrett Opportunity.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Barrett Opportunity on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Barrett Opportunity Fund or generate 0.0% return on investment in Barrett Opportunity over 30 days. Barrett Opportunity is related to or competes with Morningstar Unconstrained, and SPACE. The fund invests primarily in common stocks and securities convertible into or exchangeable for common stock such as con... More
Barrett Opportunity 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 Barrett Opportunity'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 Barrett Opportunity Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6734 | |||
| Information Ratio | 0.0382 | |||
| Maximum Drawdown | 2.55 | |||
| Value At Risk | (0.90) | |||
| Potential Upside | 0.9421 |
Barrett Opportunity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Barrett Opportunity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Barrett Opportunity's standard deviation. In reality, there are many statistical measures that can use Barrett Opportunity historical prices to predict the future Barrett Opportunity's volatility.| Risk Adjusted Performance | 0.1262 | |||
| Jensen Alpha | 0.0432 | |||
| Total Risk Alpha | 0.0285 | |||
| Sortino Ratio | 0.0327 | |||
| Treynor Ratio | 0.1428 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Barrett Opportunity'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.
Barrett Opportunity Backtested Returns
We consider Barrett Opportunity very steady. Barrett Opportunity secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the fund had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Barrett Opportunity Fund, which you can use to evaluate the volatility of the entity. Please confirm Barrett Opportunity's Downside Deviation of 0.6734, risk adjusted performance of 0.1262, and Mean Deviation of 0.4402 to double-check if the risk estimate we provide is consistent with the expected return of 0.0961%. The fund shows a Beta (market volatility) of 0.75, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Barrett Opportunity's returns are expected to increase less than the market. However, during the bear market, the loss of holding Barrett Opportunity is expected to be smaller as well.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Barrett Opportunity Fund has insignificant reverse predictability. Overlapping area represents the amount of predictability between Barrett Opportunity time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Barrett Opportunity price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Barrett Opportunity price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Barrett Opportunity lagged returns against current returns
Autocorrelation, which is Barrett Opportunity 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 Barrett Opportunity's mutual fund expected returns. We can calculate the autocorrelation of Barrett Opportunity returns to help us make a trade decision. For example, suppose you find that Barrett Opportunity 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 |
Barrett Opportunity 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 Barrett Opportunity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Barrett Opportunity mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Barrett Opportunity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Barrett Opportunity Lagged Returns
When evaluating Barrett Opportunity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Barrett Opportunity mutual fund have on its future price. Barrett Opportunity 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, Barrett Opportunity autocorrelation shows the relationship between Barrett Opportunity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Barrett Opportunity Fund.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Barrett Opportunity Correlation, Barrett Opportunity Volatility and Barrett Opportunity Alpha and Beta module to complement your research on Barrett Opportunity. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Barrett Opportunity 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.