Mmzbx Fund Market Value
| MMZBX Fund | 12.06 1.27 11.77% |
| Symbol | Mmzbx |
Mmzbx '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 Mmzbx'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 Mmzbx.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in Mmzbx on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Mmzbx or generate 0.0% return on investment in Mmzbx over 30 days. Mmzbx is related to or competes with Vanguard Target, American Funds, American Funds, American Funds, American Funds, American Funds, and American Funds. The fund is a fund of funds that seeks to achieve its investment objective by investing in a combination of U.S More
Mmzbx 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 Mmzbx'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 Mmzbx upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.12 | |||
| Information Ratio | 0.0196 | |||
| Maximum Drawdown | 4.95 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 1.22 |
Mmzbx Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mmzbx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mmzbx's standard deviation. In reality, there are many statistical measures that can use Mmzbx historical prices to predict the future Mmzbx's volatility.| Risk Adjusted Performance | 0.0466 | |||
| Jensen Alpha | 0.036 | |||
| Total Risk Alpha | 0.0147 | |||
| Sortino Ratio | 0.0155 | |||
| Treynor Ratio | 0.2014 |
Mmzbx Backtested Returns
At this stage we consider Mmzbx Mutual Fund to be not too volatile. Mmzbx has Sharpe Ratio of 0.0116, which conveys that the entity had a 0.0116% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Mmzbx, which you can use to evaluate the volatility of the fund. Please verify Mmzbx's Mean Deviation of 0.465, risk adjusted performance of 0.0466, and Downside Deviation of 1.12 to check out if the risk estimate we provide is consistent with the expected return of 0.027%. The fund secures a Beta (Market Risk) of 0.2, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mmzbx's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mmzbx is expected to be smaller as well.
Auto-correlation | -0.41 |
Modest reverse predictability
Mmzbx has modest reverse predictability. Overlapping area represents the amount of predictability between Mmzbx time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th 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 Mmzbx price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Mmzbx price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Mmzbx lagged returns against current returns
Autocorrelation, which is Mmzbx 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 Mmzbx's mutual fund expected returns. We can calculate the autocorrelation of Mmzbx returns to help us make a trade decision. For example, suppose you find that Mmzbx 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 |
Mmzbx 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 Mmzbx mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mmzbx mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mmzbx mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mmzbx Lagged Returns
When evaluating Mmzbx's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mmzbx mutual fund have on its future price. Mmzbx 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, Mmzbx autocorrelation shows the relationship between Mmzbx mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mmzbx.
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 Mmzbx Mutual Fund
Mmzbx financial ratios help investors to determine whether Mmzbx 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 Mmzbx with respect to the benefits of owning Mmzbx security.
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