Federated Max Cap Index Fund Market Value
| FMXKX Fund | USD 7.66 0.08 1.06% |
| Symbol | Federated |
Federated Max '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 Federated Max'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 Federated Max.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in Federated Max on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding Federated Max Cap Index or generate 0.0% return on investment in Federated Max over 720 days. Federated Max is related to or competes with Federated Emerging, Federated Mdt, Federated Mdt, Federated Global, Federated Hermes, Federated Strategic, and Federated Strategic. The fund invests its assets primarily in common stocks included in the Standard Poors 500 Index More
Federated Max 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 Federated Max'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 Federated Max Cap Index upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 13.45 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 1.06 |
Federated Max Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Federated Max's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Federated Max's standard deviation. In reality, there are many statistical measures that can use Federated Max historical prices to predict the future Federated Max's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.09) |
Federated Max Cap Backtested Returns
Federated Max Cap secures Sharpe Ratio (or Efficiency) of -0.0522, which denotes the fund had a -0.0522% return per unit of risk over the last 3 months. Federated Max Cap Index exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Federated Max's Standard Deviation of 1.55, mean deviation of 0.7118, and Variance of 2.4 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.94, which means possible diversification benefits within a given portfolio. Federated Max returns are very sensitive to returns on the market. As the market goes up or down, Federated Max is expected to follow.
Auto-correlation | 0.63 |
Good predictability
Federated Max Cap Index has good predictability. Overlapping area represents the amount of predictability between Federated Max time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Federated Max Cap price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Federated Max price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Federated Max Cap lagged returns against current returns
Autocorrelation, which is Federated Max 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 Federated Max's mutual fund expected returns. We can calculate the autocorrelation of Federated Max returns to help us make a trade decision. For example, suppose you find that Federated Max 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 |
Federated Max 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 Federated Max mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Federated Max mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Federated Max mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Federated Max Lagged Returns
When evaluating Federated Max's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Federated Max mutual fund have on its future price. Federated Max 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, Federated Max autocorrelation shows the relationship between Federated Max mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Federated Max Cap Index.
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 Federated Mutual Fund
Federated Max financial ratios help investors to determine whether Federated 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 Federated with respect to the benefits of owning Federated Max security.
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