Cs 604 Tax Fund Market Value
| FRNJVX Fund | 891.60 1.67 0.19% |
| Symbol | FRNJVX |
Please note, there is a significant difference between Cs 604's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cs 604 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cs 604's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Cs 604 '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 Cs 604's 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 Cs 604.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Cs 604 on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Cs 604 Tax or generate 0.0% return on investment in Cs 604 over 60 days. Cs 604 is related to or competes with Blackrock Health, Delaware Healthcare, Eventide Healthcare, Live Oak, Hartford Healthcare, Tekla Healthcare, and Alger Health. More
Cs 604 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 Cs 604's 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 Cs 604 Tax upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 2.41 | |||
| Value At Risk | (0.76) | |||
| Potential Upside | 0.4762 |
Cs 604 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cs 604's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cs 604's standard deviation. In reality, there are many statistical measures that can use Cs 604 historical prices to predict the future Cs 604's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.61) |
Cs 604 Tax Backtested Returns
Cs 604 Tax retains Efficiency (Sharpe Ratio) of -0.0647, which signifies that the fund had a -0.0647% return per unit of price deviation over the last 3 months. Cs 604 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cs 604's Variance of 0.2023, market risk adjusted performance of (0.60), and Information Ratio of (0.11) to double-check the risk estimate we provide. The fund owns a Beta (Systematic Risk) of 0.0638, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cs 604's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cs 604 is expected to be smaller as well.
Auto-correlation | -0.7 |
Very good reverse predictability
Cs 604 Tax has very good reverse predictability. Overlapping area represents the amount of predictability between Cs 604 time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 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 Cs 604 Tax price movement. The serial correlation of -0.7 indicates that around 70.0% of current Cs 604 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 151.41 |
Cs 604 Tax lagged returns against current returns
Autocorrelation, which is Cs 604 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 Cs 604's fund expected returns. We can calculate the autocorrelation of Cs 604 returns to help us make a trade decision. For example, suppose you find that Cs 604 has exhibited high autocorrelation historically, and you observe that the 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 |
Cs 604 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 Cs 604 fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cs 604 fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cs 604 fund over time.
Current vs Lagged Prices |
| Timeline |
Cs 604 Lagged Returns
When evaluating Cs 604's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cs 604 fund have on its future price. Cs 604 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, Cs 604 autocorrelation shows the relationship between Cs 604 fund current value and its past values and can show if there is a momentum factor associated with investing in Cs 604 Tax.
Regressed Prices |
| Timeline |
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Other Information on Investing in FRNJVX Fund
Cs 604 financial ratios help investors to determine whether FRNJVX 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 FRNJVX with respect to the benefits of owning Cs 604 security.
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