Bruce Fund Bruce Fund Market Value
| BRUFX Fund | USD 544.35 0.85 0.16% |
| Symbol | Bruce |
Bruce Fund '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 Bruce Fund'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 Bruce Fund.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Bruce Fund on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Bruce Fund Bruce or generate 0.0% return on investment in Bruce Fund over 210 days. Bruce Fund is related to or competes with American Funds, American Funds, Income Fund, Income Fund, Income Fund, Income Fund, and Income Fund. The fund invests primarily in domestic common stocks and bonds, including convertible bonds and zero coupon government b... More
Bruce Fund 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 Bruce Fund'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 Bruce Fund Bruce upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5288 | |||
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 2.0 | |||
| Value At Risk | (0.86) | |||
| Potential Upside | 0.8873 |
Bruce Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bruce Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bruce Fund's standard deviation. In reality, there are many statistical measures that can use Bruce Fund historical prices to predict the future Bruce Fund's volatility.| Risk Adjusted Performance | 0.0188 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.23) | |||
| Treynor Ratio | 0.018 |
Bruce Fund Bruce Backtested Returns
At this stage we consider Bruce Mutual Fund to be very steady. Bruce Fund Bruce secures Sharpe Ratio (or Efficiency) of 0.0211, which signifies that the fund had a 0.0211% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Bruce Fund Bruce, which you can use to evaluate the volatility of the entity. Please confirm Bruce Fund's Risk Adjusted Performance of 0.0188, downside deviation of 0.5288, and Mean Deviation of 0.4151 to double-check if the risk estimate we provide is consistent with the expected return of 0.0109%. The fund shows a Beta (market volatility) of 0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bruce Fund's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bruce Fund is expected to be smaller as well.
Auto-correlation | -0.46 |
Modest reverse predictability
Bruce Fund Bruce has modest reverse predictability. Overlapping area represents the amount of predictability between Bruce Fund time series from 6th of May 2024 to 19th of August 2024 and 19th of August 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 Bruce Fund Bruce price movement. The serial correlation of -0.46 indicates that about 46.0% of current Bruce Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 32.34 |
Bruce Fund Bruce lagged returns against current returns
Autocorrelation, which is Bruce Fund 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 Bruce Fund's mutual fund expected returns. We can calculate the autocorrelation of Bruce Fund returns to help us make a trade decision. For example, suppose you find that Bruce Fund 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 |
Bruce Fund 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 Bruce Fund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bruce Fund mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bruce Fund mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Bruce Fund Lagged Returns
When evaluating Bruce Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bruce Fund mutual fund have on its future price. Bruce Fund 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, Bruce Fund autocorrelation shows the relationship between Bruce Fund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Bruce Fund Bruce.
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 Bruce Mutual Fund
Bruce Fund financial ratios help investors to determine whether Bruce 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 Bruce with respect to the benefits of owning Bruce Fund security.
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