Aama Income Fund Market Value
| AMFIX Fund | USD 24.03 0.01 0.04% |
| Symbol | Aama |
Aama 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 Aama 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 Aama Income.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Aama Income on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Aama Income Fund or generate 0.0% return on investment in Aama Income over 90 days. Aama Income is related to or competes with Voya Real, Real Estate, T Rowe, Nexpoint Real, Nuveen Real, Janus Global, and American Century. The fund will principally invest in income-producing securities which include U.S More
Aama 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 Aama 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 Aama Income Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.0708 | |||
| Information Ratio | 2.61 | |||
| Maximum Drawdown | 0.2087 | |||
| Value At Risk | (0.08) | |||
| Potential Upside | 0.0838 |
Aama Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aama Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aama Income's standard deviation. In reality, there are many statistical measures that can use Aama Income historical prices to predict the future Aama Income's volatility.| Risk Adjusted Performance | 0.1422 | |||
| Jensen Alpha | 0.0079 | |||
| Total Risk Alpha | 0.0123 | |||
| Sortino Ratio | 1.64 | |||
| Treynor Ratio | 0.6239 |
Aama Income Fund Backtested Returns
At this stage we consider Aama Mutual Fund to be very steady. Aama Income Fund secures Sharpe Ratio (or Efficiency) of 0.38, which signifies that the fund had a 0.38 % return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Aama Income Fund, which you can use to evaluate the volatility of the entity. Please confirm Aama Income's Risk Adjusted Performance of 0.1422, mean deviation of 0.0352, and Coefficient Of Variation of 265.22 to double-check if the risk estimate we provide is consistent with the expected return of 0.0167%. The fund shows a Beta (market volatility) of 0.0108, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Aama Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aama Income is expected to be smaller as well.
Auto-correlation | 0.92 |
Excellent predictability
Aama Income Fund has excellent predictability. Overlapping area represents the amount of predictability between Aama 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 Aama Income Fund price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current Aama Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.92 | |
| Spearman Rank Test | 0.94 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Aama Income Fund lagged returns against current returns
Autocorrelation, which is Aama 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 Aama Income's mutual fund expected returns. We can calculate the autocorrelation of Aama Income returns to help us make a trade decision. For example, suppose you find that Aama 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 |
Aama 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 Aama Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aama 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 Aama Income mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Aama Income Lagged Returns
When evaluating Aama Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aama Income mutual fund have on its future price. Aama 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, Aama Income autocorrelation shows the relationship between Aama Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Aama 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 Aama Mutual Fund
Aama Income financial ratios help investors to determine whether Aama 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 Aama with respect to the benefits of owning Aama Income security.
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