Astonriver Road Independent Fund Market Value
| ARVIX Fund | USD 10.37 0.02 0.19% |
| Symbol | Astonriver |
Astonriver Road '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 Astonriver Road'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 Astonriver Road.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in Astonriver Road on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Astonriver Road Independent or generate 0.0% return on investment in Astonriver Road over 30 days. Astonriver Road is related to or competes with Arga Emerging, Fidelity Emerging, Fidelity Contrafund, Vanguard Total, Vanguard Growth, and Allspring Global. The fund mainly invests in common stocks, but may also invest in depositary receipts , European Depositary Receipts and ... More
Astonriver Road 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 Astonriver Road'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 Astonriver Road Independent upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 7.23 | |||
| Value At Risk | (2.55) | |||
| Potential Upside | 2.05 |
Astonriver Road Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Astonriver Road's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Astonriver Road's standard deviation. In reality, there are many statistical measures that can use Astonriver Road historical prices to predict the future Astonriver Road's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.13) |
Astonriver Road Inde Backtested Returns
Astonriver Road Inde secures Sharpe Ratio (or Efficiency) of -0.0593, which signifies that the fund had a -0.0593% return per unit of risk over the last 3 months. Astonriver Road Independent exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Astonriver Road's Risk Adjusted Performance of (0.03), mean deviation of 0.8807, and Standard Deviation of 1.24 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.43, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Astonriver Road's returns are expected to increase less than the market. However, during the bear market, the loss of holding Astonriver Road is expected to be smaller as well.
Auto-correlation | -0.9 |
Excellent reverse predictability
Astonriver Road Independent has excellent reverse predictability. Overlapping area represents the amount of predictability between Astonriver Road time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th 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 Astonriver Road Inde price movement. The serial correlation of -0.9 indicates that approximately 90.0% of current Astonriver Road price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.9 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Astonriver Road Inde lagged returns against current returns
Autocorrelation, which is Astonriver Road 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 Astonriver Road's mutual fund expected returns. We can calculate the autocorrelation of Astonriver Road returns to help us make a trade decision. For example, suppose you find that Astonriver Road 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 |
Astonriver Road 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 Astonriver Road mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Astonriver Road mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Astonriver Road mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Astonriver Road Lagged Returns
When evaluating Astonriver Road's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Astonriver Road mutual fund have on its future price. Astonriver Road 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, Astonriver Road autocorrelation shows the relationship between Astonriver Road mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Astonriver Road Independent.
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 Astonriver Mutual Fund
Astonriver Road financial ratios help investors to determine whether Astonriver 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 Astonriver with respect to the benefits of owning Astonriver Road security.
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data |