Ab Wealth Appreciation Fund Market Value
| AWAYX Fund | USD 20.87 0.13 0.63% |
| Symbol | AWAYX |
Ab Wealth '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 Wealth'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 Wealth.
| 08/22/2024 |
| 12/20/2024 |
If you would invest 0.00 in Ab Wealth on August 22, 2024 and sell it all today you would earn a total of 0.00 from holding Ab Wealth Appreciation or generate 0.0% return on investment in Ab Wealth over 120 days. Ab Wealth is related to or competes with Barings Emerging, Vy Jpmorgan, Artisan Emerging, Angel Oak, Dws Emerging, Ashmore Emerging, and Investec Emerging. The fund invests primarily in equity securities, either directly or through underlying investment companies advised by t... More
Ab Wealth 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 Wealth'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 Wealth Appreciation upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 7.1 | |||
| Value At Risk | (1.21) | |||
| Potential Upside | 1.09 |
Ab Wealth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ab Wealth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ab Wealth's standard deviation. In reality, there are many statistical measures that can use Ab Wealth historical prices to predict the future Ab Wealth's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.1) | |||
| Treynor Ratio | (0.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ab Wealth'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 Wealth Appreciation Backtested Returns
Ab Wealth Appreciation retains Efficiency (Sharpe Ratio) of -0.0906, which signifies that the fund had a -0.0906% return per unit of price deviation over the last 3 months. Ab Wealth exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ab Wealth's Variance of 0.9324, market risk adjusted performance of (0.08), and Information Ratio of (0.09) to double-check the risk estimate we provide. The fund owns a Beta (Systematic Risk) of 0.77, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Ab Wealth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ab Wealth is expected to be smaller as well.
Auto-correlation | 0.11 |
Insignificant predictability
Ab Wealth Appreciation has insignificant predictability. Overlapping area represents the amount of predictability between Ab Wealth time series from 22nd of August 2024 to 21st of October 2024 and 21st of October 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 Ab Wealth Appreciation price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Ab Wealth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Ab Wealth Appreciation lagged returns against current returns
Autocorrelation, which is Ab Wealth 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 Wealth's mutual fund expected returns. We can calculate the autocorrelation of Ab Wealth returns to help us make a trade decision. For example, suppose you find that Ab Wealth 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 Wealth 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 Wealth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ab Wealth 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 Wealth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ab Wealth Lagged Returns
When evaluating Ab Wealth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ab Wealth mutual fund have on its future price. Ab Wealth 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 Wealth autocorrelation shows the relationship between Ab Wealth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ab Wealth Appreciation.
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 AWAYX Mutual Fund
Ab Wealth financial ratios help investors to determine whether AWAYX 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 AWAYX with respect to the benefits of owning Ab Wealth security.
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years |