Matisse Discounted Closed End Fund Market Value
| MDCEX Fund | USD 6.83 0.06 0.89% |
| Symbol | Matisse |
Matisse Discounted '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 Matisse Discounted'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 Matisse Discounted.
| 12/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Matisse Discounted on December 5, 2024 and sell it all today you would earn a total of 0.00 from holding Matisse Discounted Closed End or generate 0.0% return on investment in Matisse Discounted over 30 days. Matisse Discounted is related to or competes with Delaware Investments, Transam Short-term, Western Asset, Cmg Ultra, Calvert Short, and Lord Abbett. The fund is a fund of funds that seeks to achieve its investment objectives principally through investments in unaffilia... More
Matisse Discounted 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 Matisse Discounted'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 Matisse Discounted Closed End upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 6.65 | |||
| Value At Risk | (1.11) | |||
| Potential Upside | 0.8863 |
Matisse Discounted Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Matisse Discounted's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Matisse Discounted's standard deviation. In reality, there are many statistical measures that can use Matisse Discounted historical prices to predict the future Matisse Discounted's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.26) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Matisse Discounted'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.
Matisse Discounted Backtested Returns
Matisse Discounted has Sharpe Ratio of -0.0452, which conveys that the entity had a -0.0452% return per unit of risk over the last 3 months. Matisse Discounted exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Matisse Discounted's Standard Deviation of 0.8697, risk adjusted performance of (0.03), and Mean Deviation of 0.5136 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.16, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Matisse Discounted's returns are expected to increase less than the market. However, during the bear market, the loss of holding Matisse Discounted is expected to be smaller as well.
Auto-correlation | 0.50 |
Modest predictability
Matisse Discounted Closed End has modest predictability. Overlapping area represents the amount of predictability between Matisse Discounted time series from 5th of December 2024 to 20th of December 2024 and 20th 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 Matisse Discounted price movement. The serial correlation of 0.5 indicates that about 50.0% of current Matisse Discounted price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Matisse Discounted lagged returns against current returns
Autocorrelation, which is Matisse Discounted 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 Matisse Discounted's mutual fund expected returns. We can calculate the autocorrelation of Matisse Discounted returns to help us make a trade decision. For example, suppose you find that Matisse Discounted 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 |
Matisse Discounted 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 Matisse Discounted mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Matisse Discounted mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Matisse Discounted mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Matisse Discounted Lagged Returns
When evaluating Matisse Discounted's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Matisse Discounted mutual fund have on its future price. Matisse Discounted 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, Matisse Discounted autocorrelation shows the relationship between Matisse Discounted mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Matisse Discounted Closed End.
Regressed Prices |
| Timeline |
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Other Information on Investing in Matisse Mutual Fund
Matisse Discounted financial ratios help investors to determine whether Matisse 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 Matisse with respect to the benefits of owning Matisse Discounted security.
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