Corporate Bond Portfolio Fund Market Value
| MPFDX Fund | USD 10.46 0.07 0.66% |
| Symbol | Corporate |
Corporate Bond '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 Corporate Bond'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 Corporate Bond.
| 12/30/2022 |
| 12/19/2024 |
If you would invest 0.00 in Corporate Bond on December 30, 2022 and sell it all today you would earn a total of 0.00 from holding Corporate Bond Portfolio or generate 0.0% return on investment in Corporate Bond over 720 days. Corporate Bond is related to or competes with International Equity, Royce Special, Growth Portfolio, and Small Pany. The fund invests at least 80 percent of its assets in corporate bonds More
Corporate Bond 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 Corporate Bond'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 Corporate Bond Portfolio upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 1.52 | |||
| Value At Risk | (0.66) | |||
| Potential Upside | 0.4699 |
Corporate Bond Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Corporate Bond's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Corporate Bond's standard deviation. In reality, there are many statistical measures that can use Corporate Bond historical prices to predict the future Corporate Bond's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (1.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Corporate Bond'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.
Corporate Bond Portfolio Backtested Returns
Corporate Bond Portfolio secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the fund had a -0.15% return per unit of risk over the last 3 months. Corporate Bond Portfolio exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Corporate Bond's Risk Adjusted Performance of (0.14), mean deviation of 0.2547, and Standard Deviation of 0.3389 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0558, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Corporate Bond's returns are expected to increase less than the market. However, during the bear market, the loss of holding Corporate Bond is expected to be smaller as well.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Corporate Bond Portfolio has insignificant reverse predictability. Overlapping area represents the amount of predictability between Corporate Bond time series from 30th of December 2022 to 25th of December 2023 and 25th of December 2023 to 19th 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 Corporate Bond Portfolio price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Corporate Bond price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Corporate Bond Portfolio lagged returns against current returns
Autocorrelation, which is Corporate Bond 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 Corporate Bond's mutual fund expected returns. We can calculate the autocorrelation of Corporate Bond returns to help us make a trade decision. For example, suppose you find that Corporate Bond 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 |
Corporate Bond 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 Corporate Bond mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Corporate Bond mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Corporate Bond mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Corporate Bond Lagged Returns
When evaluating Corporate Bond's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Corporate Bond mutual fund have on its future price. Corporate Bond 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, Corporate Bond autocorrelation shows the relationship between Corporate Bond mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Corporate Bond Portfolio.
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 Corporate Mutual Fund
Corporate Bond financial ratios help investors to determine whether Corporate 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 Corporate with respect to the benefits of owning Corporate Bond security.
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