Transportation Portfolio Transportation Fund Market Value
| FSRFX Fund | USD 99.51 2.15 2.21% |
| Symbol | Transportation |
Transportation Portfolio '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 Transportation Portfolio'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 Transportation Portfolio.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Transportation Portfolio on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Transportation Portfolio Transportation or generate 0.0% return on investment in Transportation Portfolio over 90 days. Transportation Portfolio is related to or competes with Automotive Portfolio, Leisure Portfolio, Consumer Discretionary, Insurance Portfolio, and Construction. It normally invests at least 80 percent of assets in securities of companies principally engaged in providing transporta... More
Transportation Portfolio 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 Transportation Portfolio'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 Transportation Portfolio Transportation upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 5.8 | |||
| Value At Risk | (2.80) | |||
| Potential Upside | 1.48 |
Transportation Portfolio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transportation Portfolio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transportation Portfolio's standard deviation. In reality, there are many statistical measures that can use Transportation Portfolio historical prices to predict the future Transportation Portfolio's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (0.75) |
Transportation Portfolio Backtested Returns
Transportation Portfolio owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates the fund had a -0.14 % return per unit of risk over the last 3 months. Transportation Portfolio Transportation exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Transportation Portfolio's Risk Adjusted Performance of (0.12), coefficient of variation of (714.15), and Variance of 1.72 to confirm the risk estimate we provide. The entity has a beta of 0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Transportation Portfolio's returns are expected to increase less than the market. However, during the bear market, the loss of holding Transportation Portfolio is expected to be smaller as well.
Auto-correlation | -0.68 |
Very good reverse predictability
Transportation Portfolio Transportation has very good reverse predictability. Overlapping area represents the amount of predictability between Transportation Portfolio time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Transportation Portfolio price movement. The serial correlation of -0.68 indicates that around 68.0% of current Transportation Portfolio price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 16.46 |
Transportation Portfolio lagged returns against current returns
Autocorrelation, which is Transportation Portfolio 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 Transportation Portfolio's mutual fund expected returns. We can calculate the autocorrelation of Transportation Portfolio returns to help us make a trade decision. For example, suppose you find that Transportation Portfolio 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 |
Transportation Portfolio 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 Transportation Portfolio mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transportation Portfolio mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Transportation Portfolio mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Transportation Portfolio Lagged Returns
When evaluating Transportation Portfolio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transportation Portfolio mutual fund have on its future price. Transportation Portfolio 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, Transportation Portfolio autocorrelation shows the relationship between Transportation Portfolio mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Transportation Portfolio Transportation.
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 Transportation Mutual Fund
Transportation Portfolio financial ratios help investors to determine whether Transportation 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 Transportation with respect to the benefits of owning Transportation Portfolio security.
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