Access Capital Munity Fund Market Value
| ACASX Fund | USD 7.52 0.01 0.13% |
| Symbol | Access |
Access Capital '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 Access Capital'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 Access Capital.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in Access Capital on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding Access Capital Munity or generate 0.0% return on investment in Access Capital over 30 days. Access Capital is related to or competes with Rbc Small, Rbc Enterprise, Rbc Enterprise, Rbc Emerging, Rbc Small, Rbc Short, and Rbc Short. The fund invests primarily in high quality debt securities and other debt instruments supporting low- and moderate-incom... More
Access Capital 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 Access Capital'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 Access Capital Munity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.34) | |||
| Maximum Drawdown | 1.85 | |||
| Value At Risk | (0.77) | |||
| Potential Upside | 0.3922 |
Access Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Access Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Access Capital's standard deviation. In reality, there are many statistical measures that can use Access Capital historical prices to predict the future Access Capital's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (1.56) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Access Capital'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.
Access Capital Munity Backtested Returns
Access Capital Munity secures Sharpe Ratio (or Efficiency) of -0.18, which signifies that the fund had a -0.18% return per unit of standard deviation over the last 3 months. Access Capital Munity exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Access Capital's risk adjusted performance of (0.16), and Mean Deviation of 0.2449 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0467, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Access Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Access Capital is expected to be smaller as well.
Auto-correlation | -0.82 |
Excellent reverse predictability
Access Capital Munity has excellent reverse predictability. Overlapping area represents the amount of predictability between Access Capital time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th of December 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 Access Capital Munity price movement. The serial correlation of -0.82 indicates that around 82.0% of current Access Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Access Capital Munity lagged returns against current returns
Autocorrelation, which is Access Capital 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 Access Capital's mutual fund expected returns. We can calculate the autocorrelation of Access Capital returns to help us make a trade decision. For example, suppose you find that Access Capital 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 |
Access Capital 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 Access Capital mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Access Capital mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Access Capital mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Access Capital Lagged Returns
When evaluating Access Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Access Capital mutual fund have on its future price. Access Capital 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, Access Capital autocorrelation shows the relationship between Access Capital mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Access Capital Munity.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Access Mutual Fund
Access Capital financial ratios help investors to determine whether Access Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Access with respect to the benefits of owning Access Capital security.
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