Americafirst Income Fund Market Value
| AFPUX Fund | USD 4.90 0.02 0.41% |
| Symbol | Americafirst |
Americafirst Income '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 Americafirst Income'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 Americafirst Income.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Americafirst Income on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Americafirst Income Fund or generate 0.0% return on investment in Americafirst Income over 360 days. Americafirst Income is related to or competes with Virtus Real, Real Estate, Prudential Real, Guggenheim Risk, Jhancock Real, and Fidelity Real. The fund invests in a portfolio of high income securities that may include stocks, preferred stocks, master limited part... More
Americafirst Income 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 Americafirst Income'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 Americafirst Income Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7452 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 4.13 | |||
| Value At Risk | (1.02) | |||
| Potential Upside | 1.06 |
Americafirst Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Americafirst Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Americafirst Income's standard deviation. In reality, there are many statistical measures that can use Americafirst Income historical prices to predict the future Americafirst Income's volatility.| Risk Adjusted Performance | 0.088 | |||
| Jensen Alpha | 0.0613 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.8436 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Americafirst Income'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.
Americafirst Income Backtested Returns
At this stage we consider Americafirst Mutual Fund to be not too volatile. Americafirst Income secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the fund had a 0.12% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Americafirst Income Fund, which you can use to evaluate the volatility of the entity. Please confirm Americafirst Income's risk adjusted performance of 0.088, and Mean Deviation of 0.5026 to double-check if the risk estimate we provide is consistent with the expected return of 0.0809%. The fund shows a Beta (market volatility) of 0.084, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Americafirst Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Americafirst Income is expected to be smaller as well.
Auto-correlation | 0.62 |
Good predictability
Americafirst Income Fund has good predictability. Overlapping area represents the amount of predictability between Americafirst Income time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Americafirst Income price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Americafirst Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Americafirst Income lagged returns against current returns
Autocorrelation, which is Americafirst Income 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 Americafirst Income's mutual fund expected returns. We can calculate the autocorrelation of Americafirst Income returns to help us make a trade decision. For example, suppose you find that Americafirst Income 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 |
Americafirst Income 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 Americafirst Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Americafirst Income mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Americafirst Income mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Americafirst Income Lagged Returns
When evaluating Americafirst Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Americafirst Income mutual fund have on its future price. Americafirst Income 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, Americafirst Income autocorrelation shows the relationship between Americafirst Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Americafirst Income Fund.
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 Americafirst Mutual Fund
Americafirst Income financial ratios help investors to determine whether Americafirst 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 Americafirst with respect to the benefits of owning Americafirst Income security.
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