Ab New Jersey Fund Market Value
| ANJCX Fund | USD 9.08 0.00 0.00% |
| Symbol | ANJCX |
Ab New '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 Ab New'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 Ab New.
| 09/29/2024 |
| 12/28/2024 |
If you would invest 0.00 in Ab New on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Ab New Jersey or generate 0.0% return on investment in Ab New over 90 days. Ab New is related to or competes with Ab Global, Ab Global, Ab Global, Ab Minnesota, Ab Minnesota, Ab All, and Ab All. The fund invests at least 80 percent of its net assets in municipal securities that pay interest that is exempt from fed... More
Ab New 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 Ab New'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 Ab New Jersey upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 1.42 | |||
| Value At Risk | (0.44) | |||
| Potential Upside | 0.4315 |
Ab New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ab New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ab New's standard deviation. In reality, there are many statistical measures that can use Ab New historical prices to predict the future Ab New's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (3.74) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ab New'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.
Ab New Jersey Backtested Returns
Ab New Jersey retains Efficiency (Sharpe Ratio) of -0.12, which signifies that the fund had a -0.12% return per unit of price deviation over the last 3 months. Ab New exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ab New's Information Ratio of (0.23), variance of 0.0697, and Market Risk Adjusted Performance of (3.73) to double-check the risk estimate we provide. The fund owns a Beta (Systematic Risk) of 0.0101, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Ab New's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ab New is expected to be smaller as well.
Auto-correlation | 0.06 |
Virtually no predictability
Ab New Jersey has virtually no predictability. Overlapping area represents the amount of predictability between Ab New time series from 29th of September 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Ab New Jersey price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Ab New price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ab New Jersey lagged returns against current returns
Autocorrelation, which is Ab New 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 Ab New's mutual fund expected returns. We can calculate the autocorrelation of Ab New returns to help us make a trade decision. For example, suppose you find that Ab New 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 |
Ab New 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 Ab New mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ab New mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ab New mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ab New Lagged Returns
When evaluating Ab New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ab New mutual fund have on its future price. Ab New 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, Ab New autocorrelation shows the relationship between Ab New mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ab New Jersey.
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 ANJCX Mutual Fund
Ab New financial ratios help investors to determine whether ANJCX 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 ANJCX with respect to the benefits of owning Ab New security.
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities |