Ia Clarington Strategic Fund Market Value
| ISCB Fund | 10.78 0.00 0.00% |
| Symbol | ISCB |
IA Clarington '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 IA Clarington'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 IA Clarington.
| 12/10/2024 |
| 01/09/2025 |
If you would invest 0.00 in IA Clarington on December 10, 2024 and sell it all today you would earn a total of 0.00 from holding IA Clarington Strategic or generate 0.0% return on investment in IA Clarington over 30 days.
IA Clarington 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 IA Clarington'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 IA Clarington Strategic upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 0.9378 | |||
| Value At Risk | (0.19) | |||
| Potential Upside | 0.466 |
IA Clarington Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IA Clarington's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IA Clarington's standard deviation. In reality, there are many statistical measures that can use IA Clarington historical prices to predict the future IA Clarington's volatility.| Risk Adjusted Performance | 0.0931 | |||
| Jensen Alpha | 0.0153 | |||
| Total Risk Alpha | 0.0126 | |||
| Treynor Ratio | 0.4877 |
IA Clarington Strategic Backtested Returns
As of now, ISCB Fund is very steady. IA Clarington Strategic retains Efficiency (Sharpe Ratio) of 0.17, which attests that the fund had a 0.17% return per unit of price deviation over the last 3 months. We have found eighteen technical indicators for IA Clarington, which you can use to evaluate the volatility of the entity. Please check out IA Clarington's Coefficient Of Variation of 588.45, market risk adjusted performance of 0.4977, and Information Ratio of (0.01) to validate if the risk estimate we provide is consistent with the expected return of 0.0259%. The entity owns a Beta (Systematic Risk) of 0.0326, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IA Clarington's returns are expected to increase less than the market. However, during the bear market, the loss of holding IA Clarington is expected to be smaller as well.
Auto-correlation | -0.58 |
Good reverse predictability
IA Clarington Strategic has good reverse predictability. Overlapping area represents the amount of predictability between IA Clarington time series from 10th of December 2024 to 25th of December 2024 and 25th of December 2024 to 9th 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 IA Clarington Strategic price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current IA Clarington price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
IA Clarington Strategic lagged returns against current returns
Autocorrelation, which is IA Clarington 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 IA Clarington's fund expected returns. We can calculate the autocorrelation of IA Clarington returns to help us make a trade decision. For example, suppose you find that IA Clarington 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 |
IA Clarington 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 IA Clarington fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IA Clarington fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IA Clarington fund over time.
Current vs Lagged Prices |
| Timeline |
IA Clarington Lagged Returns
When evaluating IA Clarington's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IA Clarington fund have on its future price. IA Clarington 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, IA Clarington autocorrelation shows the relationship between IA Clarington fund current value and its past values and can show if there is a momentum factor associated with investing in IA Clarington Strategic.
Regressed Prices |
| Timeline |
Pair Trading with IA Clarington
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if IA Clarington position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in IA Clarington will appreciate offsetting losses from the drop in the long position's value.Moving against ISCB Fund
| 0.36 | 0P0000S9O7 | PIMCO Monthly Income | PairCorr |
The ability to find closely correlated positions to IA Clarington could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IA Clarington when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IA Clarington - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling IA Clarington Strategic to buy it.
The correlation of IA Clarington is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IA Clarington moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IA Clarington Strategic moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for IA Clarington can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
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