Cajxx Fund Market Value
| CAJXX Fund | 1.00 3.40 77.27% |
| Symbol | Cajxx |
Please note, there is a significant difference between Cajxx's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cajxx is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cajxx'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.
Cajxx '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 Cajxx'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 Cajxx.
| 07/01/2024 |
| 12/28/2024 |
If you would invest 0.00 in Cajxx on July 1, 2024 and sell it all today you would earn a total of 0.00 from holding Cajxx or generate 0.0% return on investment in Cajxx over 180 days. Cajxx is related to or competes with American Mutual, Large Cap, Transamerica Large, Dodge Cox, Fidelity Series, and Jhancock Disciplined. Cajxx is entity of United States. It is traded as Fund on NMFQS exchange. More
Cajxx 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 Cajxx'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 Cajxx upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 25.57 | |||
| Information Ratio | 0.1307 | |||
| Maximum Drawdown | 446.54 | |||
| Value At Risk | (0.60) |
Cajxx Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cajxx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cajxx's standard deviation. In reality, there are many statistical measures that can use Cajxx historical prices to predict the future Cajxx's volatility.| Risk Adjusted Performance | 0.1144 | |||
| Jensen Alpha | 8.49 | |||
| Total Risk Alpha | 6.58 | |||
| Sortino Ratio | 0.3259 | |||
| Treynor Ratio | (1.40) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cajxx'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.
Cajxx Backtested Returns
Cajxx is out of control given 3 months investment horizon. Cajxx 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 Cajxx Downside Deviation of 25.57, mean deviation of 21.19, and Risk Adjusted Performance of 0.1144 to evaluate company specific risk that cannot be diversified away. The fund shows a Beta (market volatility) of -5.97, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Cajxx are expected to decrease by larger amounts. On the other hand, during market turmoil, Cajxx is expected to outperform it.
Auto-correlation | 0.05 |
Virtually no predictability
Cajxx has virtually no predictability. Overlapping area represents the amount of predictability between Cajxx time series from 1st of July 2024 to 29th of September 2024 and 29th of September 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 Cajxx price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Cajxx price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 3.55 |
Cajxx lagged returns against current returns
Autocorrelation, which is Cajxx 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 Cajxx's money market fund expected returns. We can calculate the autocorrelation of Cajxx returns to help us make a trade decision. For example, suppose you find that Cajxx 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 |
Cajxx 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 Cajxx money market fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cajxx 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 Cajxx money market fund over time.
Current vs Lagged Prices |
| Timeline |
Cajxx Lagged Returns
When evaluating Cajxx's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cajxx money market fund have on its future price. Cajxx 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, Cajxx autocorrelation shows the relationship between Cajxx money market fund current value and its past values and can show if there is a momentum factor associated with investing in Cajxx.
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 Cajxx Money Market Fund
Cajxx financial ratios help investors to determine whether Cajxx 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 Cajxx with respect to the benefits of owning Cajxx security.
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