Cavanal Hillultra Short Fund Market Value
| AIUSX Fund | USD 10.04 0.00 0.00% |
| Symbol | Cavanal |
Cavanal Hillultra '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 Cavanal Hillultra'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 Cavanal Hillultra.
| 10/16/2024 |
| 12/15/2024 |
If you would invest 0.00 in Cavanal Hillultra on October 16, 2024 and sell it all today you would earn a total of 0.00 from holding Cavanal Hillultra Short or generate 0.0% return on investment in Cavanal Hillultra over 60 days. Cavanal Hillultra is related to or competes with Bond Fund, Strategic Enhanced, Cavanal Hill, Limited Duration, Cavanal Hill, World Energy, and Bond Fund. The fund invests in a diversified portfolio of municipal bonds and debentures More
Cavanal Hillultra 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 Cavanal Hillultra'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 Cavanal Hillultra Short upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (1.95) | |||
| Maximum Drawdown | 0.3001 |
Cavanal Hillultra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cavanal Hillultra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cavanal Hillultra's standard deviation. In reality, there are many statistical measures that can use Cavanal Hillultra historical prices to predict the future Cavanal Hillultra's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | 0.2449 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cavanal Hillultra'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.
Cavanal Hillultra Short Backtested Returns
At this stage we consider Cavanal Mutual Fund to be very steady. Cavanal Hillultra Short 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 sixteen technical indicators for Cavanal Hillultra Short, which you can use to evaluate the volatility of the entity. Please confirm Cavanal Hillultra's Risk Adjusted Performance of (0.03), standard deviation of 0.0474, and Mean Deviation of 0.0175 to double-check if the risk estimate we provide is consistent with the expected return of 0.0077%. The fund shows a Beta (market volatility) of -0.0099, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cavanal Hillultra are expected to decrease at a much lower rate. During the bear market, Cavanal Hillultra is likely to outperform the market.
Auto-correlation | 0.15 |
Insignificant predictability
Cavanal Hillultra Short has insignificant predictability. Overlapping area represents the amount of predictability between Cavanal Hillultra time series from 16th of October 2024 to 15th of November 2024 and 15th of November 2024 to 15th 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 Cavanal Hillultra Short price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Cavanal Hillultra price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cavanal Hillultra Short lagged returns against current returns
Autocorrelation, which is Cavanal Hillultra 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 Cavanal Hillultra's mutual fund expected returns. We can calculate the autocorrelation of Cavanal Hillultra returns to help us make a trade decision. For example, suppose you find that Cavanal Hillultra 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 |
Cavanal Hillultra 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 Cavanal Hillultra mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cavanal Hillultra mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cavanal Hillultra mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Cavanal Hillultra Lagged Returns
When evaluating Cavanal Hillultra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cavanal Hillultra mutual fund have on its future price. Cavanal Hillultra 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, Cavanal Hillultra autocorrelation shows the relationship between Cavanal Hillultra mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Cavanal Hillultra Short.
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 Cavanal Mutual Fund
Cavanal Hillultra financial ratios help investors to determine whether Cavanal 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 Cavanal with respect to the benefits of owning Cavanal Hillultra security.
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