Sanford C Bernstein Fund Market Value
| SAOTX Fund | USD 12.89 0.03 0.23% |
| Symbol | Sanford |
Please note, there is a significant difference between Sanford C's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sanford C is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sanford C's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Sanford C '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 Sanford C'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 Sanford C.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in Sanford C on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding Sanford C Bernstein or generate 0.0% return on investment in Sanford C over 30 days. Sanford C is related to or competes with Tekla Healthcare, Tekla Life, Flaherty, Cohen, Tekla Healthcare, Royce Value, and John Hancock. Sanford C is entity of United States. It is traded as Fund on NMFQS exchange. More
Sanford C 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 Sanford C'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 Sanford C Bernstein upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8293 | |||
| Information Ratio | 0.0508 | |||
| Maximum Drawdown | 3.57 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 1.28 |
Sanford C Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sanford C's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sanford C's standard deviation. In reality, there are many statistical measures that can use Sanford C historical prices to predict the future Sanford C's volatility.| Risk Adjusted Performance | 0.0787 | |||
| Jensen Alpha | 0.0981 | |||
| Total Risk Alpha | 0.0288 | |||
| Sortino Ratio | 0.0478 | |||
| Treynor Ratio | (0.30) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sanford C'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.
Sanford C Bernstein Backtested Returns
We consider Sanford C very steady. Sanford C Bernstein owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0929, which indicates the fund had a 0.0929% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Sanford C Bernstein, which you can use to evaluate the volatility of the fund. Please validate Sanford C's Coefficient Of Variation of 820.78, risk adjusted performance of 0.0787, and Semi Deviation of 0.663 to confirm if the risk estimate we provide is consistent with the expected return of 0.0722%. The entity has a beta of -0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sanford C are expected to decrease at a much lower rate. During the bear market, Sanford C is likely to outperform the market.
Auto-correlation | 0.20 |
Weak predictability
Sanford C Bernstein has weak predictability. Overlapping area represents the amount of predictability between Sanford C time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th 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 Sanford C Bernstein price movement. The serial correlation of 0.2 indicates that over 20.0% of current Sanford C price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Sanford C Bernstein lagged returns against current returns
Autocorrelation, which is Sanford C 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 Sanford C's mutual fund expected returns. We can calculate the autocorrelation of Sanford C returns to help us make a trade decision. For example, suppose you find that Sanford C 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 |
Sanford C 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 Sanford C mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sanford C mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sanford C mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Sanford C Lagged Returns
When evaluating Sanford C's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sanford C mutual fund have on its future price. Sanford C 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, Sanford C autocorrelation shows the relationship between Sanford C mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sanford C Bernstein.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Sanford C Correlation, Sanford C Volatility and Sanford C Alpha and Beta module to complement your research on Sanford C. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Sanford C 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.