Alpsred Rocks Listed Fund Market Value
| AVPEX Fund | USD 15.06 0.15 1.01% |
| Symbol | Alps/red |
Alps/red Rocks '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 Alps/red Rocks' 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 Alps/red Rocks.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Alps/red Rocks on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Alpsred Rocks Listed or generate 0.0% return on investment in Alps/red Rocks over 90 days. Alps/red Rocks is related to or competes with Materials Portfolio, Iaadx, Rbc Microcap, Scharf Global, T Rowe, and Acm Dynamic. The investment seeks to maximize total return, which consists of appreciation on its investments and a variable income s... More
Alps/red Rocks 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 Alps/red Rocks' 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 Alpsred Rocks Listed upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6355 | |||
| Information Ratio | 0.0142 | |||
| Maximum Drawdown | 3.7 | |||
| Value At Risk | (0.90) | |||
| Potential Upside | 1.5 |
Alps/red Rocks Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alps/red Rocks' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alps/red Rocks' standard deviation. In reality, there are many statistical measures that can use Alps/red Rocks historical prices to predict the future Alps/red Rocks' volatility.| Risk Adjusted Performance | 0.1461 | |||
| Jensen Alpha | 0.1328 | |||
| Total Risk Alpha | 0.0087 | |||
| Sortino Ratio | 0.0174 | |||
| Treynor Ratio | 3.0 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alps/red Rocks' 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.
Alpsred Rocks Listed Backtested Returns
At this stage we consider Alps/red Mutual Fund to be very steady. Alpsred Rocks Listed secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the fund had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Alpsred Rocks Listed, which you can use to evaluate the volatility of the entity. Please confirm Alps/red Rocks' Risk Adjusted Performance of 0.1461, downside deviation of 0.6355, and Mean Deviation of 0.5961 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. The fund shows a Beta (market volatility) of 0.0463, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Alps/red Rocks' returns are expected to increase less than the market. However, during the bear market, the loss of holding Alps/red Rocks is expected to be smaller as well.
Auto-correlation | 0.41 |
Average predictability
Alpsred Rocks Listed has average predictability. Overlapping area represents the amount of predictability between Alps/red Rocks time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 Alpsred Rocks Listed price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Alps/red Rocks price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Alpsred Rocks Listed lagged returns against current returns
Autocorrelation, which is Alps/red Rocks 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 Alps/red Rocks' mutual fund expected returns. We can calculate the autocorrelation of Alps/red Rocks returns to help us make a trade decision. For example, suppose you find that Alps/red Rocks 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 |
Alps/red Rocks 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 Alps/red Rocks mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alps/red Rocks mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alps/red Rocks mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Alps/red Rocks Lagged Returns
When evaluating Alps/red Rocks' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alps/red Rocks mutual fund have on its future price. Alps/red Rocks 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, Alps/red Rocks autocorrelation shows the relationship between Alps/red Rocks mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Alpsred Rocks Listed.
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 Alps/red Mutual Fund
Alps/red Rocks financial ratios help investors to determine whether Alps/red 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 Alps/red with respect to the benefits of owning Alps/red Rocks security.
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