Six Circles Managed Fund Market Value
| CMEUX Fund | USD 21.69 0.18 0.84% |
| Symbol | Six |
Six Circles '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 Six Circles' 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 Six Circles.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Six Circles on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Six Circles Managed or generate 0.0% return on investment in Six Circles over 30 days. Six Circles is related to or competes with Invesco Energy, Firsthand Alternative, Oil Gas, World Energy, Franklin Natural, and Fidelity Advisor. Under normal circumstances, the fund will invest at least 80 percent of its net assets in equity securities issued by U.... More
Six Circles 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 Six Circles' 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 Six Circles Managed upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7241 | |||
| Information Ratio | 0.0552 | |||
| Maximum Drawdown | 3.73 | |||
| Value At Risk | (0.97) | |||
| Potential Upside | 1.23 |
Six Circles Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Six Circles' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Six Circles' standard deviation. In reality, there are many statistical measures that can use Six Circles historical prices to predict the future Six Circles' volatility.| Risk Adjusted Performance | 0.1713 | |||
| Jensen Alpha | 0.0725 | |||
| Total Risk Alpha | 0.0442 | |||
| Sortino Ratio | 0.0518 | |||
| Treynor Ratio | 0.2188 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Six Circles' 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.
Six Circles Managed Backtested Returns
At this stage we consider Six Mutual Fund to be very steady. Six Circles Managed owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates the fund had a 0.2% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Six Circles Managed, which you can use to evaluate the volatility of the fund. Please validate Six Circles' Coefficient Of Variation of 420.11, risk adjusted performance of 0.1713, and Semi Deviation of 0.4537 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. The entity has a beta of 0.69, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Six Circles' returns are expected to increase less than the market. However, during the bear market, the loss of holding Six Circles is expected to be smaller as well.
Auto-correlation | -0.51 |
Good reverse predictability
Six Circles Managed has good reverse predictability. Overlapping area represents the amount of predictability between Six Circles time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Six Circles Managed price movement. The serial correlation of -0.51 indicates that about 51.0% of current Six Circles price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Six Circles Managed lagged returns against current returns
Autocorrelation, which is Six Circles 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 Six Circles' mutual fund expected returns. We can calculate the autocorrelation of Six Circles returns to help us make a trade decision. For example, suppose you find that Six Circles 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 |
Six Circles 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 Six Circles mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Six Circles mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Six Circles mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Six Circles Lagged Returns
When evaluating Six Circles' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Six Circles mutual fund have on its future price. Six Circles 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, Six Circles autocorrelation shows the relationship between Six Circles mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Six Circles Managed.
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 Six Mutual Fund
Six Circles financial ratios help investors to determine whether Six 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 Six with respect to the benefits of owning Six Circles security.
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA |