Income Growth Fund Market Value
| AMADX Fund | USD 39.25 0.10 0.26% |
| Symbol | Income |
Income Growth '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 Income Growth'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 Income Growth.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Income Growth on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Income Growth Fund or generate 0.0% return on investment in Income Growth over 540 days. Income Growth is related to or competes with Fidelity Sai, Gabelli Convertible, Putnam Convertible, Absolute Convertible, and Rational/pier. In selecting stocks for the fund, the managers use quantitative and qualitative management techniques in a multi-step pr... More
Income Growth 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 Income Growth'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 Income Growth Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6188 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 3.47 | |||
| Value At Risk | (0.90) | |||
| Potential Upside | 1.15 |
Income Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Income Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Income Growth's standard deviation. In reality, there are many statistical measures that can use Income Growth historical prices to predict the future Income Growth's volatility.| Risk Adjusted Performance | 0.1164 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.1141 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Income Growth'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.
Income Growth Backtested Returns
At this stage we consider Income Mutual Fund to be very steady. Income Growth holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Income Growth, which you can use to evaluate the volatility of the entity. Please check out Income Growth's Downside Deviation of 0.6188, market risk adjusted performance of 0.1241, and Risk Adjusted Performance of 0.1164 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. The fund retains a Market Volatility (i.e., Beta) of 0.86, which attests to possible diversification benefits within a given portfolio. Income Growth returns are very sensitive to returns on the market. As the market goes up or down, Income Growth is expected to follow.
Auto-correlation | 0.77 |
Good predictability
Income Growth Fund has good predictability. Overlapping area represents the amount of predictability between Income Growth time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th of November 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 Income Growth price movement. The serial correlation of 0.77 indicates that around 77.0% of current Income Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 1.77 |
Income Growth lagged returns against current returns
Autocorrelation, which is Income Growth 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 Income Growth's mutual fund expected returns. We can calculate the autocorrelation of Income Growth returns to help us make a trade decision. For example, suppose you find that Income Growth 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 |
Income Growth 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 Income Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Income Growth mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Income Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Income Growth Lagged Returns
When evaluating Income Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Income Growth mutual fund have on its future price. Income Growth 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, Income Growth autocorrelation shows the relationship between Income Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Income Growth 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 Income Mutual Fund
Income Growth financial ratios help investors to determine whether Income 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 Income with respect to the benefits of owning Income Growth security.
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