Mmzhx Fund Market Value
| MMZHX Fund | 10.76 0.01 0.09% |
| Symbol | Mmzhx |
Mmzhx '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 Mmzhx'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 Mmzhx.
| 12/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Mmzhx on December 5, 2024 and sell it all today you would earn a total of 0.00 from holding Mmzhx or generate 0.0% return on investment in Mmzhx over 30 days. Mmzhx is related to or competes with Blackrock Exchange. The fund is a fund of funds that seeks to achieve its investment objective by investing in a combination of U.S More
Mmzhx 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 Mmzhx'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 Mmzhx upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 21.46 | |||
| Value At Risk | (2.76) | |||
| Potential Upside | 2.34 |
Mmzhx Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mmzhx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mmzhx's standard deviation. In reality, there are many statistical measures that can use Mmzhx historical prices to predict the future Mmzhx's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | 0.9006 |
Mmzhx Backtested Returns
Mmzhx has Sharpe Ratio of -0.041, which conveys that the entity had a -0.041% return per unit of risk over the last 3 months. Mmzhx exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mmzhx's Mean Deviation of 1.4, risk adjusted performance of (0.03), and Standard Deviation of 3.0 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, returns on owning Mmzhx are expected to decrease at a much lower rate. During the bear market, Mmzhx is likely to outperform the market.
Auto-correlation | 0.60 |
Good predictability
Mmzhx has good predictability. Overlapping area represents the amount of predictability between Mmzhx 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 Mmzhx price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Mmzhx price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
Mmzhx lagged returns against current returns
Autocorrelation, which is Mmzhx 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 Mmzhx's mutual fund expected returns. We can calculate the autocorrelation of Mmzhx returns to help us make a trade decision. For example, suppose you find that Mmzhx 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 |
Mmzhx 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 Mmzhx mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mmzhx mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mmzhx mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mmzhx Lagged Returns
When evaluating Mmzhx's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mmzhx mutual fund have on its future price. Mmzhx 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, Mmzhx autocorrelation shows the relationship between Mmzhx mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mmzhx.
Regressed Prices |
| Timeline |
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Other Information on Investing in Mmzhx Mutual Fund
Mmzhx financial ratios help investors to determine whether Mmzhx 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 Mmzhx with respect to the benefits of owning Mmzhx security.
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