Commonwealth Australianew Zealand Fund Market Value
| CNZLX Fund | USD 11.24 0.03 0.27% |
| Symbol | Commonwealth |
Commonwealth Australianew '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 Commonwealth Australianew'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 Commonwealth Australianew.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Commonwealth Australianew on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Commonwealth Australianew Zealand or generate 0.0% return on investment in Commonwealth Australianew over 30 days. Commonwealth Australianew is related to or competes with T Rowe, T Rowe, T Rowe, and T Rowe. The fund normally invests at least 80 percent of its net assets in the securities of, and depositary receipts , Global D... More
Commonwealth Australianew 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 Commonwealth Australianew'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 Commonwealth Australianew Zealand upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 4.03 | |||
| Value At Risk | (1.41) | |||
| Potential Upside | 1.49 |
Commonwealth Australianew Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Commonwealth Australianew's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Commonwealth Australianew's standard deviation. In reality, there are many statistical measures that can use Commonwealth Australianew historical prices to predict the future Commonwealth Australianew's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.11) |
Commonwealth Australianew Backtested Returns
At this stage we consider Commonwealth Mutual Fund to be very steady. Commonwealth Australianew secures Sharpe Ratio (or Efficiency) of 0.0074, which signifies that the fund had a 0.0074% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Commonwealth Australianew Zealand, which you can use to evaluate the volatility of the entity. Please confirm Commonwealth Australianew's Mean Deviation of 0.6122, risk adjusted performance of (0.01), and Standard Deviation of 0.813 to double-check if the risk estimate we provide is consistent with the expected return of 0.006%. The fund shows a Beta (market volatility) of 0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Commonwealth Australianew's returns are expected to increase less than the market. However, during the bear market, the loss of holding Commonwealth Australianew is expected to be smaller as well.
Auto-correlation | -0.88 |
Excellent reverse predictability
Commonwealth Australianew Zealand has excellent reverse predictability. Overlapping area represents the amount of predictability between Commonwealth Australianew time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 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 Commonwealth Australianew price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current Commonwealth Australianew price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.88 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Commonwealth Australianew lagged returns against current returns
Autocorrelation, which is Commonwealth Australianew 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 Commonwealth Australianew's mutual fund expected returns. We can calculate the autocorrelation of Commonwealth Australianew returns to help us make a trade decision. For example, suppose you find that Commonwealth Australianew 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 |
Commonwealth Australianew 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 Commonwealth Australianew mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Commonwealth Australianew mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Commonwealth Australianew mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Commonwealth Australianew Lagged Returns
When evaluating Commonwealth Australianew's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Commonwealth Australianew mutual fund have on its future price. Commonwealth Australianew 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, Commonwealth Australianew autocorrelation shows the relationship between Commonwealth Australianew mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Commonwealth Australianew Zealand.
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 Commonwealth Mutual Fund
Commonwealth Australianew financial ratios help investors to determine whether Commonwealth 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 Commonwealth with respect to the benefits of owning Commonwealth Australianew security.
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