Mmojx Fund Market Value
| MMOJX Fund | 8.30 0.02 0.24% |
| Symbol | Mmojx |
Mmojx '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 Mmojx'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 Mmojx.
| 01/07/2023 |
| 12/27/2024 |
If you would invest 0.00 in Mmojx on January 7, 2023 and sell it all today you would earn a total of 0.00 from holding Mmojx or generate 0.0% return on investment in Mmojx over 720 days. Mmojx is related to or competes with Massmutual Select, Massmutual Select, Massmutual Select, Massmutual Select, Massmutual Select, Massmutual Select, and Massmutual Select. The fund normally invests at least 80 percent of its net assets in stocks of foreign companies, including companies loca... More
Mmojx 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 Mmojx'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 Mmojx upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 8.51 | |||
| Value At Risk | (1.74) | |||
| Potential Upside | 0.9901 |
Mmojx Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mmojx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mmojx's standard deviation. In reality, there are many statistical measures that can use Mmojx historical prices to predict the future Mmojx's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (2.19) |
Mmojx Backtested Returns
Mmojx has Sharpe Ratio of -0.21, which conveys that the entity had a -0.21% return per unit of risk over the last 3 months. Mmojx exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mmojx's Mean Deviation of 0.7288, risk adjusted performance of (0.14), and Standard Deviation of 1.09 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.0914, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mmojx's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mmojx is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
Mmojx has no correlation between past and present. Overlapping area represents the amount of predictability between Mmojx time series from 7th of January 2023 to 2nd of January 2024 and 2nd of January 2024 to 27th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Mmojx price movement. The serial correlation of 0.0 indicates that just 0.0% of current Mmojx price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mmojx lagged returns against current returns
Autocorrelation, which is Mmojx 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 Mmojx's mutual fund expected returns. We can calculate the autocorrelation of Mmojx returns to help us make a trade decision. For example, suppose you find that Mmojx 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 |
Mmojx 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 Mmojx mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mmojx mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mmojx mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mmojx Lagged Returns
When evaluating Mmojx's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mmojx mutual fund have on its future price. Mmojx 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, Mmojx autocorrelation shows the relationship between Mmojx mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mmojx.
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 Mmojx Mutual Fund
Mmojx financial ratios help investors to determine whether Mmojx 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 Mmojx with respect to the benefits of owning Mmojx security.
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