Axs Adaptive Plus Fund Market Value
| AXSPX Fund | USD 11.41 0.01 0.09% |
| Symbol | Axs |
Axs Adaptive '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 Axs Adaptive'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 Axs Adaptive.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Axs Adaptive on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Axs Adaptive Plus or generate 0.0% return on investment in Axs Adaptive over 30 days. Axs Adaptive is related to or competes with Equinox Chesapeake, Equinox Chesapeake, Equinox Chesapeake, Alpine High, Horizon Defensive, and Fidelity Contrafund. Under normal market conditions, the fund seeks to achieve its investment objective by investing in equity-linked call op... More
Axs Adaptive 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 Axs Adaptive'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 Axs Adaptive Plus upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 4.66 | |||
| Value At Risk | (0.67) | |||
| Potential Upside | 0.6751 |
Axs Adaptive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Axs Adaptive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Axs Adaptive's standard deviation. In reality, there are many statistical measures that can use Axs Adaptive historical prices to predict the future Axs Adaptive's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.37) |
Axs Adaptive Plus Backtested Returns
Axs Adaptive Plus secures Sharpe Ratio (or Efficiency) of -0.0754, which signifies that the fund had a -0.0754% return per unit of risk over the last 3 months. Axs Adaptive Plus exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Axs Adaptive's Mean Deviation of 0.2961, standard deviation of 0.6201, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Axs Adaptive's returns are expected to increase less than the market. However, during the bear market, the loss of holding Axs Adaptive is expected to be smaller as well.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Axs Adaptive Plus has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Axs Adaptive time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Axs Adaptive Plus price movement. The serial correlation of -0.72 indicates that around 72.0% of current Axs Adaptive price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Axs Adaptive Plus lagged returns against current returns
Autocorrelation, which is Axs Adaptive 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 Axs Adaptive's mutual fund expected returns. We can calculate the autocorrelation of Axs Adaptive returns to help us make a trade decision. For example, suppose you find that Axs Adaptive 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 |
Axs Adaptive 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 Axs Adaptive mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Axs Adaptive mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Axs Adaptive mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Axs Adaptive Lagged Returns
When evaluating Axs Adaptive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Axs Adaptive mutual fund have on its future price. Axs Adaptive 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, Axs Adaptive autocorrelation shows the relationship between Axs Adaptive mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Axs Adaptive Plus.
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 Axs Mutual Fund
Axs Adaptive financial ratios help investors to determine whether Axs 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 Axs with respect to the benefits of owning Axs Adaptive security.
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