Fifth Third Funds Fund Market Value
| FTTXX Fund | USD 1.00 0.00 0.00% |
| Symbol | Fifth |
Fifth Third '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 Fifth Third's money market 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 Fifth Third.
| 07/12/2023 |
| 01/02/2025 |
If you would invest 0.00 in Fifth Third on July 12, 2023 and sell it all today you would earn a total of 0.00 from holding Fifth Third Funds or generate 0.0% return on investment in Fifth Third over 540 days. Fifth Third is related to or competes with Financials Ultrasector, Mesirow Financial, Gabelli Global, Prudential Jennison, and Transamerica Financial. Fifth Third is entity of United States. It is traded as Fund on NMFQS exchange. More
Fifth Third 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 Fifth Third's money market 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 Fifth Third Funds upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.036 | |||
| Maximum Drawdown | 1.01 |
Fifth Third Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fifth Third's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fifth Third's standard deviation. In reality, there are many statistical measures that can use Fifth Third historical prices to predict the future Fifth Third's volatility.| Risk Adjusted Performance | 0.0444 | |||
| Jensen Alpha | 0.0053 | |||
| Total Risk Alpha | 0.0052 | |||
| Treynor Ratio | (0.53) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fifth Third's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Fifth Third Funds Backtested Returns
We have found sixteen technical indicators for Fifth Third Funds, which you can use to evaluate the volatility of the entity. Please confirm Fifth Third's Variance of 0.0155, standard deviation of 0.1243, and Mean Deviation of 0.0301 to check if the risk estimate we provide is consistent with the expected return of 0.0%. The fund shows a Beta (market volatility) of -0.01, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fifth Third are expected to decrease at a much lower rate. During the bear market, Fifth Third is likely to outperform the market.
Auto-correlation | 0.88 |
Very good predictability
Fifth Third Funds has very good predictability. Overlapping area represents the amount of predictability between Fifth Third time series from 12th of July 2023 to 7th of April 2024 and 7th of April 2024 to 2nd 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 Fifth Third Funds price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Fifth Third price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fifth Third Funds lagged returns against current returns
Autocorrelation, which is Fifth Third money market 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 Fifth Third's money market fund expected returns. We can calculate the autocorrelation of Fifth Third returns to help us make a trade decision. For example, suppose you find that Fifth Third has exhibited high autocorrelation historically, and you observe that the money market 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 |
Fifth Third 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 Fifth Third money market fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fifth Third money market fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fifth Third money market fund over time.
Current vs Lagged Prices |
| Timeline |
Fifth Third Lagged Returns
When evaluating Fifth Third's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fifth Third money market fund have on its future price. Fifth Third 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, Fifth Third autocorrelation shows the relationship between Fifth Third money market fund current value and its past values and can show if there is a momentum factor associated with investing in Fifth Third Funds.
Regressed Prices |
| Timeline |
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Other Information on Investing in Fifth Money Market Fund
Fifth Third financial ratios help investors to determine whether Fifth Money Market 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 Fifth with respect to the benefits of owning Fifth Third security.
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