Fpa New Income Fund Market Value
| FPNIX Fund | USD 9.91 0.02 0.20% |
| Symbol | Fpa |
Fpa New '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 Fpa New'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 Fpa New.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Fpa New on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Fpa New Income or generate 0.0% return on investment in Fpa New over 90 days. Fpa New is related to or competes with Target Retirement, Franklin Lifesmart, Sa Worldwide, Blackrock Moderate, Jpmorgan Smartretirement, Transamerica Cleartrack, and Retirement Living. The fund primarily invests in a diversified portfolio of debt securities, cash and cash equivalents More
Fpa New 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 Fpa New'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 Fpa New Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1819 | |||
| Information Ratio | 0.7303 | |||
| Maximum Drawdown | 0.7215 | |||
| Value At Risk | (0.20) | |||
| Potential Upside | 0.3096 |
Fpa New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fpa New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fpa New's standard deviation. In reality, there are many statistical measures that can use Fpa New historical prices to predict the future Fpa New's volatility.| Risk Adjusted Performance | 0.1185 | |||
| Jensen Alpha | 0.0237 | |||
| Total Risk Alpha | 0.045 | |||
| Sortino Ratio | 0.7227 | |||
| Treynor Ratio | 1.92 |
Fpa New Income Backtested Returns
At this stage we consider Fpa Mutual Fund to be very steady. Fpa New Income secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the fund had a 0.18 % return per unit of standard deviation over the last 3 months. We have found twenty-six technical indicators for Fpa New Income, which you can use to evaluate the volatility of the entity. Please confirm Fpa New's Mean Deviation of 0.1397, downside deviation of 0.1819, and Coefficient Of Variation of 555.15 to check if the risk estimate we provide is consistent with the expected return of 0.0324%. The fund shows a Beta (market volatility) of 0.0117, which means not very significant fluctuations relative to the market. As returns on the market increase, Fpa New's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fpa New is expected to be smaller as well.
Auto-correlation | 0.60 |
Good predictability
Fpa New Income has good predictability. Overlapping area represents the amount of predictability between Fpa New time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Fpa New Income price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Fpa New price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fpa New Income lagged returns against current returns
Autocorrelation, which is Fpa New 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 Fpa New's mutual fund expected returns. We can calculate the autocorrelation of Fpa New returns to help us make a trade decision. For example, suppose you find that Fpa New 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 |
Fpa New 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 Fpa New mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fpa New mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fpa New mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fpa New Lagged Returns
When evaluating Fpa New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fpa New mutual fund have on its future price. Fpa New 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, Fpa New autocorrelation shows the relationship between Fpa New mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fpa New Income.
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 Fpa Mutual Fund
Fpa New financial ratios help investors to determine whether Fpa 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 Fpa with respect to the benefits of owning Fpa New security.
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