Cahxx Fund Market Value
| CAHXX Fund | 1.00 3.40 77.27% |
| Symbol | Cahxx |
Please note, there is a significant difference between Cahxx's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cahxx is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cahxx's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Cahxx '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 Cahxx's money market 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 Cahxx.
| 11/28/2024 |
| 12/28/2024 |
If you would invest 0.00 in Cahxx on November 28, 2024 and sell it all today you would earn a total of 0.00 from holding Cahxx or generate 0.0% return on investment in Cahxx over 30 days. Cahxx is related to or competes with Tekla Healthcare, Deutsche Health, Lord Abbett, Eventide Healthcare, Allianzgi Health, and Blackrock Health. Cahxx is entity of United States. It is traded as Fund on NMFQS exchange. More
Cahxx 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 Cahxx's money market 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 Cahxx upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 31.98 | |||
| Information Ratio | 0.1115 | |||
| Maximum Drawdown | 453.59 | |||
| Value At Risk | (1.56) |
Cahxx Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cahxx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cahxx's standard deviation. In reality, there are many statistical measures that can use Cahxx historical prices to predict the future Cahxx's volatility.| Risk Adjusted Performance | 0.0991 | |||
| Jensen Alpha | 7.05 | |||
| Total Risk Alpha | 5.49 | |||
| Sortino Ratio | 0.228 | |||
| Treynor Ratio | 0.6126 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cahxx'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.
Cahxx Backtested Returns
Cahxx is out of control given 3 months investment horizon. Cahxx secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the fund had a 0.11% return per unit of risk over the last 3 months. We have analyzed and interpolated twenty-six different technical indicators, which can help you to evaluate if expected returns of 7.44% are justified by taking the suggested risk. Use Cahxx Risk Adjusted Performance of 0.0991, mean deviation of 21.53, and Downside Deviation of 31.98 to evaluate company specific risk that cannot be diversified away. The fund shows a Beta (market volatility) of 11.94, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Cahxx will likely underperform.
Auto-correlation | 0.00 |
No correlation between past and present
Cahxx has no correlation between past and present. Overlapping area represents the amount of predictability between Cahxx time series from 28th of November 2024 to 13th of December 2024 and 13th of December 2024 to 28th 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 Cahxx price movement. The serial correlation of 0.0 indicates that just 0.0% of current Cahxx price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 2.91 |
Cahxx lagged returns against current returns
Autocorrelation, which is Cahxx money market 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 Cahxx's money market fund expected returns. We can calculate the autocorrelation of Cahxx returns to help us make a trade decision. For example, suppose you find that Cahxx has exhibited high autocorrelation historically, and you observe that the money market 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 |
Cahxx 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 Cahxx money market fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cahxx money market fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cahxx money market fund over time.
Current vs Lagged Prices |
| Timeline |
Cahxx Lagged Returns
When evaluating Cahxx's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cahxx money market fund have on its future price. Cahxx 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, Cahxx autocorrelation shows the relationship between Cahxx money market fund current value and its past values and can show if there is a momentum factor associated with investing in Cahxx.
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 Cahxx Money Market Fund
Cahxx financial ratios help investors to determine whether Cahxx Money Market 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 Cahxx with respect to the benefits of owning Cahxx security.
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