Ab Pennsylvania Portfolio Fund Market Value
| APAAX Fund | USD 9.78 0.03 0.31% |
| Symbol | APAAX |
Ab Pennsylvania '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 Pennsylvania'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 Pennsylvania.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Ab Pennsylvania on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding Ab Pennsylvania Portfolio or generate 0.0% return on investment in Ab Pennsylvania over 30 days. Ab Pennsylvania is related to or competes with Federated Hermes, Stone Ridge, Harbor Diversified, Delaware Limited-term, and Lord Abbett. The fund invests at least 80 percent of its net assets in municipal securities that pay interest that is exempt from fed... More
Ab Pennsylvania 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 Pennsylvania'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 Pennsylvania Portfolio upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.287 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 1.13 | |||
| Value At Risk | (0.41) | |||
| Potential Upside | 0.4137 |
Ab Pennsylvania Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ab Pennsylvania's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ab Pennsylvania's standard deviation. In reality, there are many statistical measures that can use Ab Pennsylvania historical prices to predict the future Ab Pennsylvania's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.13) |
Ab Pennsylvania Portfolio Backtested Returns
Ab Pennsylvania Portfolio retains Efficiency (Sharpe Ratio) of -0.023, which signifies that the fund had a -0.023 % return per unit of price deviation over the last 3 months. Ab Pennsylvania exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ab Pennsylvania's Market Risk Adjusted Performance of (0.12), coefficient of variation of 11326.46, and Standard Deviation of 0.2242 to double-check the risk estimate we provide. The fund owns a Beta (Systematic Risk) of 0.0619, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Ab Pennsylvania's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ab Pennsylvania is expected to be smaller as well.
Auto-correlation | 0.73 |
Good predictability
Ab Pennsylvania Portfolio has good predictability. Overlapping area represents the amount of predictability between Ab Pennsylvania time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 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 Ab Pennsylvania Portfolio price movement. The serial correlation of 0.73 indicates that around 73.0% of current Ab Pennsylvania price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ab Pennsylvania Portfolio lagged returns against current returns
Autocorrelation, which is Ab Pennsylvania 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 Pennsylvania's mutual fund expected returns. We can calculate the autocorrelation of Ab Pennsylvania returns to help us make a trade decision. For example, suppose you find that Ab Pennsylvania 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 Pennsylvania 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 Pennsylvania mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ab Pennsylvania 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 Pennsylvania mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ab Pennsylvania Lagged Returns
When evaluating Ab Pennsylvania's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ab Pennsylvania mutual fund have on its future price. Ab Pennsylvania 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 Pennsylvania autocorrelation shows the relationship between Ab Pennsylvania mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ab Pennsylvania Portfolio.
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 APAAX Mutual Fund
Ab Pennsylvania financial ratios help investors to determine whether APAAX 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 APAAX with respect to the benefits of owning Ab Pennsylvania security.
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