Multi Manager Directional Alternative Fund Market Value

CDAZX Fund  USD 7.54  0.06  0.80%   
Multi Manager's market value is the price at which a share of Multi Manager trades on a public exchange. It measures the collective expectations of Multi Manager Directional Alternative investors about its performance. Multi Manager is trading at 7.54 as of the 2nd of March 2025; that is 0.80% up since the beginning of the trading day. The fund's open price was 7.48.
With this module, you can estimate the performance of a buy and hold strategy of Multi Manager Directional Alternative and determine expected loss or profit from investing in Multi Manager over a given investment horizon. Check out Multi Manager Correlation, Multi Manager Volatility and Multi Manager Alpha and Beta module to complement your research on Multi Manager.
Symbol

Please note, there is a significant difference between Multi Manager's value and its price as these two are different measures arrived at by different means. Investors typically determine if Multi Manager is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Multi Manager'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.

Multi Manager '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 Multi Manager'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 Multi Manager.
0.00
01/01/2025
No Change 0.00  0.0 
In 2 months and 1 day
03/02/2025
0.00
If you would invest  0.00  in Multi Manager on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding Multi Manager Directional Alternative or generate 0.0% return on investment in Multi Manager over 60 days. Multi Manager is related to or competes with Calvert Bond, Goldman Sachs, Ab Bond, Artisan High, Versatile Bond, Flexible Bond, and Rbc Impact. The fund pursues its investment objective by allocating the funds assets among different asset managers that collectivel... More

Multi Manager 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 Multi Manager'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 Multi Manager Directional Alternative upside and downside potential and time the market with a certain degree of confidence.

Multi Manager Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Multi Manager's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Multi Manager's standard deviation. In reality, there are many statistical measures that can use Multi Manager historical prices to predict the future Multi Manager's volatility.
Hype
Prediction
LowEstimatedHigh
6.407.548.68
Details
Intrinsic
Valuation
LowRealHigh
6.447.588.72
Details
Naive
Forecast
LowNextHigh
6.457.608.74
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
7.447.587.72
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Multi Manager. Your research has to be compared to or analyzed against Multi Manager's peers to derive any actionable benefits. When done correctly, Multi Manager's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Multi Manager Direct.

Multi Manager Direct Backtested Returns

Multi Manager Direct has Sharpe Ratio of -0.0664, which conveys that the entity had a -0.0664 % return per unit of risk over the last 3 months. Multi Manager exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Multi Manager's Mean Deviation of 0.682, risk adjusted performance of (0.06), and Standard Deviation of 1.12 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.72, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Multi Manager's returns are expected to increase less than the market. However, during the bear market, the loss of holding Multi Manager is expected to be smaller as well.

Auto-correlation

    
  0.16  

Very weak predictability

Multi Manager Directional Alternative has very weak predictability. Overlapping area represents the amount of predictability between Multi Manager time series from 1st of January 2025 to 31st of January 2025 and 31st of January 2025 to 2nd of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Multi Manager Direct price movement. The serial correlation of 0.16 indicates that over 16.0% of current Multi Manager price fluctuation can be explain by its past prices.
Correlation Coefficient0.16
Spearman Rank Test-0.16
Residual Average0.0
Price Variance0.0

Multi Manager Direct lagged returns against current returns

Autocorrelation, which is Multi Manager 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 Multi Manager's mutual fund expected returns. We can calculate the autocorrelation of Multi Manager returns to help us make a trade decision. For example, suppose you find that Multi Manager 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  

Multi Manager 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 Multi Manager mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Multi Manager mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Multi Manager mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Multi Manager Lagged Returns

When evaluating Multi Manager's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Multi Manager mutual fund have on its future price. Multi Manager 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, Multi Manager autocorrelation shows the relationship between Multi Manager mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Multi Manager Directional Alternative.
   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 Multi Mutual Fund

Multi Manager financial ratios help investors to determine whether Multi 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 Multi with respect to the benefits of owning Multi Manager security.
Fundamental Analysis
View fundamental data based on most recent published financial statements
Latest Portfolios
Quick portfolio dashboard that showcases your latest portfolios
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities