Multimedia Portfolio Multimedia Fund Market Value
| FBMPX Fund | USD 111.73 0.12 0.11% |
| Symbol | Multimedia |
Multimedia Portfolio '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 Multimedia Portfolio'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 Multimedia Portfolio.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Multimedia Portfolio on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding Multimedia Portfolio Multimedia or generate 0.0% return on investment in Multimedia Portfolio over 570 days. Multimedia Portfolio is related to or competes with Consumer Discretionary, Leisure Portfolio, Automotive Portfolio, Insurance Portfolio, and Transportation Portfolio. The fund normally invests at least 80 percent of assets in securities of companies principally engaged in the developmen... More
Multimedia Portfolio 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 Multimedia Portfolio'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 Multimedia Portfolio Multimedia upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.07 | |||
| Information Ratio | 0.0395 | |||
| Maximum Drawdown | 4.09 | |||
| Value At Risk | (1.72) | |||
| Potential Upside | 1.59 |
Multimedia Portfolio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Multimedia Portfolio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Multimedia Portfolio's standard deviation. In reality, there are many statistical measures that can use Multimedia Portfolio historical prices to predict the future Multimedia Portfolio's volatility.| Risk Adjusted Performance | 0.1343 | |||
| Jensen Alpha | 0.0707 | |||
| Total Risk Alpha | 0.011 | |||
| Sortino Ratio | 0.0349 | |||
| Treynor Ratio | 0.2151 |
Multimedia Portfolio Backtested Returns
Multimedia Portfolio appears to be very steady, given 3 months investment horizon. Multimedia Portfolio has Sharpe Ratio of 0.23, which conveys that the entity had a 0.23% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Multimedia Portfolio, which you can use to evaluate the volatility of the fund. Please exercise Multimedia Portfolio's Downside Deviation of 1.07, risk adjusted performance of 0.1343, and Mean Deviation of 0.7248 to check out if our risk estimates are consistent with your expectations. The fund secures a Beta (Market Risk) of 0.71, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Multimedia Portfolio's returns are expected to increase less than the market. However, during the bear market, the loss of holding Multimedia Portfolio is expected to be smaller as well.
Auto-correlation | 0.83 |
Very good predictability
Multimedia Portfolio Multimedia has very good predictability. Overlapping area represents the amount of predictability between Multimedia Portfolio time series from 9th of May 2023 to 18th of February 2024 and 18th of February 2024 to 29th of November 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 Multimedia Portfolio price movement. The serial correlation of 0.83 indicates that around 83.0% of current Multimedia Portfolio price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 26.27 |
Multimedia Portfolio lagged returns against current returns
Autocorrelation, which is Multimedia Portfolio 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 Multimedia Portfolio's mutual fund expected returns. We can calculate the autocorrelation of Multimedia Portfolio returns to help us make a trade decision. For example, suppose you find that Multimedia Portfolio 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 |
Multimedia Portfolio 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 Multimedia Portfolio mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Multimedia Portfolio mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Multimedia Portfolio mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Multimedia Portfolio Lagged Returns
When evaluating Multimedia Portfolio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Multimedia Portfolio mutual fund have on its future price. Multimedia Portfolio 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, Multimedia Portfolio autocorrelation shows the relationship between Multimedia Portfolio mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Multimedia Portfolio Multimedia.
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 Multimedia Mutual Fund
Multimedia Portfolio financial ratios help investors to determine whether Multimedia 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 Multimedia with respect to the benefits of owning Multimedia Portfolio security.
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