Americafirst Income Fund Market Value
| AFPUX Fund | USD 4.33 0.08 1.88% |
| 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.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Americafirst Income on December 17, 2024 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 90 days. Americafirst Income is related to or competes with Rational/pier, Lazard Funds, Fidelity Convertible, Putnam Convertible, Absolute Convertible, Lord Abbett, and Victory Incore. The fund invests in a portfolio of high income securities that may include stocks, preferred stocks, master limited partnerships, convertible preferred stock, convertible bonds, real estate investment trusts, and bonds selected by applying a rules-based model. 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.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.53 | |||
| Value At Risk | (1.91) | |||
| Potential Upside | 1.15 |
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 | (0.13) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (0.21) |
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
Americafirst Income secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the fund had a -0.13 % return per unit of standard deviation over the last 3 months. Americafirst Income Fund exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Americafirst Income's mean deviation of 0.7068, and Risk Adjusted Performance of (0.13) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.72, which signifies possible diversification benefits within a given portfolio. 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 | -0.43 |
Modest reverse predictability
Americafirst Income Fund has modest reverse predictability. Overlapping area represents the amount of predictability between Americafirst Income time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. 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 -0.43 indicates that just about 43.0% of current Americafirst Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
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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