Active International Allocation Fund Market Value
| MSAAX Fund | USD 15.64 0.38 2.37% |
| Symbol | Active |
Active International '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 Active International'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 Active International.
| 12/30/2022 |
| 12/19/2024 |
If you would invest 0.00 in Active International on December 30, 2022 and sell it all today you would earn a total of 0.00 from holding Active International Allocation or generate 0.0% return on investment in Active International over 720 days. Active International is related to or competes with Prudential Health, Tekla Healthcare, Alphacentric Lifesci, Health Biotchnology, Alger Health, Lord Abbett, and Blackrock Health. Under normal circumstances, the fund invests at least 80 percent of its net assets in the equity securities of issuers l... More
Active International 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 Active International'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 Active International Allocation upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 5.26 | |||
| Value At Risk | (1.57) | |||
| Potential Upside | 1.39 |
Active International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Active International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Active International's standard deviation. In reality, there are many statistical measures that can use Active International historical prices to predict the future Active International's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.10) | |||
| Treynor Ratio | (0.18) |
Active International Backtested Returns
Active International secures Sharpe Ratio (or Efficiency) of -0.0967, which signifies that the fund had a -0.0967% return per unit of risk over the last 3 months. Active International Allocation exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Active International's Standard Deviation of 0.95, mean deviation of 0.7053, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.45, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Active International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Active International is expected to be smaller as well.
Auto-correlation | -0.27 |
Weak reverse predictability
Active International Allocation has weak reverse predictability. Overlapping area represents the amount of predictability between Active International 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 Active International price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Active International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.55 |
Active International lagged returns against current returns
Autocorrelation, which is Active International 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 Active International's mutual fund expected returns. We can calculate the autocorrelation of Active International returns to help us make a trade decision. For example, suppose you find that Active International 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 |
Active International 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 Active International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Active International mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Active International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Active International Lagged Returns
When evaluating Active International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Active International mutual fund have on its future price. Active International 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, Active International autocorrelation shows the relationship between Active International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Active International Allocation.
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 Active Mutual Fund
Active International financial ratios help investors to determine whether Active 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 Active with respect to the benefits of owning Active International security.
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