Construction And Housing Fund Market Value

FSHOX Fund  USD 111.03  2.22  2.04%   
Construction's market value is the price at which a share of Construction trades on a public exchange. It measures the collective expectations of Construction And Housing investors about its performance. Construction is trading at 111.03 as of the 17th of March 2025; that is 2.04% increase since the beginning of the trading day. The fund's open price was 108.81.
With this module, you can estimate the performance of a buy and hold strategy of Construction And Housing and determine expected loss or profit from investing in Construction over a given investment horizon. Check out Construction Correlation, Construction Volatility and Construction Alpha and Beta module to complement your research on Construction.
Symbol

Please note, there is a significant difference between Construction's value and its price as these two are different measures arrived at by different means. Investors typically determine if Construction is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Construction'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.

Construction '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 Construction'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 Construction.
0.00
12/17/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/17/2025
0.00
If you would invest  0.00  in Construction on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Construction And Housing or generate 0.0% return on investment in Construction over 90 days. Construction is related to or competes with Automotive Portfolio, Consumer Discretionary, Insurance Portfolio, Consumer Finance, and Transportation Portfolio. The fund normally invests at least 80 percent of assets in securities of companies principally engaged in the design and... More

Construction 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 Construction'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 Construction And Housing upside and downside potential and time the market with a certain degree of confidence.

Construction Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Construction's standard deviation. In reality, there are many statistical measures that can use Construction historical prices to predict the future Construction's volatility.
Hype
Prediction
LowEstimatedHigh
109.73111.03112.33
Details
Intrinsic
Valuation
LowRealHigh
99.93113.07114.37
Details
Naive
Forecast
LowNextHigh
107.73109.03110.34
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
109.18111.30113.42
Details

Construction And Housing Backtested Returns

Construction And Housing secures Sharpe Ratio (or Efficiency) of -0.18, which signifies that the fund had a -0.18 % return per unit of risk over the last 3 months. Construction And Housing exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Construction's Mean Deviation of 1.02, standard deviation of 1.26, and Risk Adjusted Performance of (0.20) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.9, which signifies possible diversification benefits within a given portfolio. Construction returns are very sensitive to returns on the market. As the market goes up or down, Construction is expected to follow.

Auto-correlation

    
  -0.39  

Poor reverse predictability

Construction And Housing has poor reverse predictability. Overlapping area represents the amount of predictability between Construction time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Construction And Housing price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Construction price fluctuation can be explain by its past prices.
Correlation Coefficient-0.39
Spearman Rank Test-0.36
Residual Average0.0
Price Variance19.79

Construction And Housing lagged returns against current returns

Autocorrelation, which is Construction 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 Construction's mutual fund expected returns. We can calculate the autocorrelation of Construction returns to help us make a trade decision. For example, suppose you find that Construction 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  

Construction 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 Construction mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Construction mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Construction mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Construction Lagged Returns

When evaluating Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Construction mutual fund have on its future price. Construction 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, Construction autocorrelation shows the relationship between Construction mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Construction And Housing.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Construction Mutual Fund

Construction financial ratios help investors to determine whether Construction 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 Construction with respect to the benefits of owning Construction security.
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