Amg Renaissance Large Fund Market Value
| MRLSX Fund | USD 18.69 0.18 0.97% |
| Symbol | Amg |
Amg Renaissance '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 Amg Renaissance'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 Amg Renaissance.
| 11/25/2024 |
| 12/25/2024 |
If you would invest 0.00 in Amg Renaissance on November 25, 2024 and sell it all today you would earn a total of 0.00 from holding Amg Renaissance Large or generate 0.0% return on investment in Amg Renaissance over 30 days. Amg Renaissance is related to or competes with Amg Southernsun, Amg Southernsun, Amg Fq, Amg Southernsun, Amg Southernsun, Amg Managers, and Amg Managers. The fund invests at least 80 percent of its net assets, plus the amount of any borrowings for investment purposes, in se... More
Amg Renaissance 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 Amg Renaissance'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 Amg Renaissance Large upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 12.37 | |||
| Value At Risk | (1.60) | |||
| Potential Upside | 1.32 |
Amg Renaissance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amg Renaissance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amg Renaissance's standard deviation. In reality, there are many statistical measures that can use Amg Renaissance historical prices to predict the future Amg Renaissance's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Amg Renaissance'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.
Amg Renaissance Large Backtested Returns
Amg Renaissance Large secures Sharpe Ratio (or Efficiency) of -0.0348, which signifies that the fund had a -0.0348% return per unit of standard deviation over the last 3 months. Amg Renaissance Large exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Amg Renaissance's risk adjusted performance of (0.02), and Mean Deviation of 0.8624 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.98, which signifies possible diversification benefits within a given portfolio. Amg Renaissance returns are very sensitive to returns on the market. As the market goes up or down, Amg Renaissance is expected to follow.
Auto-correlation | -0.64 |
Very good reverse predictability
Amg Renaissance Large has very good reverse predictability. Overlapping area represents the amount of predictability between Amg Renaissance time series from 25th of November 2024 to 10th of December 2024 and 10th of December 2024 to 25th 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 Amg Renaissance Large price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Amg Renaissance price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 1.51 |
Amg Renaissance Large lagged returns against current returns
Autocorrelation, which is Amg Renaissance 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 Amg Renaissance's mutual fund expected returns. We can calculate the autocorrelation of Amg Renaissance returns to help us make a trade decision. For example, suppose you find that Amg Renaissance 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 |
Amg Renaissance 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 Amg Renaissance mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amg Renaissance mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amg Renaissance mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Amg Renaissance Lagged Returns
When evaluating Amg Renaissance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amg Renaissance mutual fund have on its future price. Amg Renaissance 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, Amg Renaissance autocorrelation shows the relationship between Amg Renaissance mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Amg Renaissance Large.
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 Amg Mutual Fund
Amg Renaissance financial ratios help investors to determine whether Amg 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 Amg with respect to the benefits of owning Amg Renaissance security.
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