Mmzgx Fund Market Value
| MMZGX Fund | 12.01 1.04 9.48% |
| Symbol | Mmzgx |
Mmzgx '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 Mmzgx'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 Mmzgx.
| 09/30/2024 |
| 12/29/2024 |
If you would invest 0.00 in Mmzgx on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding Mmzgx or generate 0.0% return on investment in Mmzgx over 90 days. Mmzgx is related to or competes with Massmutual Select, Massmutual Select, Massmutual Select, Massmutual Select, Massmutual Select, Massmutual Select, and Massmutual Select. The fund is a fund of funds that seeks to achieve its investment objective by investing in a combination of U.S More
Mmzgx 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 Mmzgx'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 Mmzgx upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.71 | |||
| Information Ratio | 0.0017 | |||
| Maximum Drawdown | 21.05 | |||
| Value At Risk | (2.04) | |||
| Potential Upside | 2.41 |
Mmzgx Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mmzgx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mmzgx's standard deviation. In reality, there are many statistical measures that can use Mmzgx historical prices to predict the future Mmzgx's volatility.| Risk Adjusted Performance | 0.0177 | |||
| Jensen Alpha | 0.0339 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0017 | |||
| Treynor Ratio | (0.08) |
Mmzgx Backtested Returns
At this stage we consider Mmzgx Mutual Fund to be somewhat reliable. Mmzgx has Sharpe Ratio of 0.0075, which conveys that the entity had a 0.0075% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Mmzgx, which you can use to evaluate the volatility of the fund. Please verify Mmzgx's Mean Deviation of 1.27, risk adjusted performance of 0.0177, and Downside Deviation of 2.71 to check out if the risk estimate we provide is consistent with the expected return of 0.0211%. The fund secures a Beta (Market Risk) of -0.32, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Mmzgx are expected to decrease at a much lower rate. During the bear market, Mmzgx is likely to outperform the market.
Auto-correlation | 0.08 |
Virtually no predictability
Mmzgx has virtually no predictability. Overlapping area represents the amount of predictability between Mmzgx time series from 30th of September 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Mmzgx price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Mmzgx price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Mmzgx lagged returns against current returns
Autocorrelation, which is Mmzgx 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 Mmzgx's mutual fund expected returns. We can calculate the autocorrelation of Mmzgx returns to help us make a trade decision. For example, suppose you find that Mmzgx 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 |
Mmzgx 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 Mmzgx mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mmzgx mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mmzgx mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mmzgx Lagged Returns
When evaluating Mmzgx's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mmzgx mutual fund have on its future price. Mmzgx 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, Mmzgx autocorrelation shows the relationship between Mmzgx mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mmzgx.
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 Mmzgx Mutual Fund
Mmzgx financial ratios help investors to determine whether Mmzgx 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 Mmzgx with respect to the benefits of owning Mmzgx security.
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