Common Stock Fund Market Value
| FMIUX Fund | USD 37.58 0.16 0.43% |
| Symbol | Common |
Common Stock '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 Common Stock'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 Common Stock.
| 09/28/2024 |
| 12/27/2024 |
If you would invest 0.00 in Common Stock on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Common Stock Fund or generate 0.0% return on investment in Common Stock over 90 days. Common Stock is related to or competes with Elfun Diversified, Stone Ridge, Global Diversified, Federated Hermes, Prudential Core, and Tax Free. The fund invests mainly in small- to medium-capitalization companies listed or traded on a national securities exchange ... More
Common Stock 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 Common Stock'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 Common Stock Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9572 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 8.05 | |||
| Value At Risk | (1.38) | |||
| Potential Upside | 1.54 |
Common Stock Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Common Stock's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Common Stock's standard deviation. In reality, there are many statistical measures that can use Common Stock historical prices to predict the future Common Stock's volatility.| Risk Adjusted Performance | 0.0034 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Common Stock'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.
Common Stock Backtested Returns
Common Stock secures Sharpe Ratio (or Efficiency) of -0.0144, which signifies that the fund had a -0.0144% return per unit of risk over the last 3 months. Common Stock Fund exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Common Stock's Mean Deviation of 0.7255, downside deviation of 0.9572, and Risk Adjusted Performance of 0.0034 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Common Stock's returns are expected to increase less than the market. However, during the bear market, the loss of holding Common Stock is expected to be smaller as well.
Auto-correlation | -0.35 |
Poor reverse predictability
Common Stock Fund has poor reverse predictability. Overlapping area represents the amount of predictability between Common Stock time series from 28th of September 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Common Stock price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Common Stock price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 1.42 |
Common Stock lagged returns against current returns
Autocorrelation, which is Common Stock 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 Common Stock's mutual fund expected returns. We can calculate the autocorrelation of Common Stock returns to help us make a trade decision. For example, suppose you find that Common Stock 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 |
Common Stock 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 Common Stock mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Common Stock mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Common Stock mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Common Stock Lagged Returns
When evaluating Common Stock's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Common Stock mutual fund have on its future price. Common Stock 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, Common Stock autocorrelation shows the relationship between Common Stock mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Common Stock Fund.
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 Common Mutual Fund
Common Stock financial ratios help investors to determine whether Common 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 Common with respect to the benefits of owning Common Stock security.
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