Morningstar Alternatives Fund Market Value
| MSTVX Fund | USD 10.51 0.01 0.1% |
| Symbol | Morningstar |
Morningstar Alternatives '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 Morningstar Alternatives' 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 Morningstar Alternatives.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Morningstar Alternatives on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Morningstar Alternatives or generate 0.0% return on investment in Morningstar Alternatives over 90 days. Morningstar Alternatives is related to or competes with Guidepath(r) Conservative, Wilmington Diversified, Wells Fargo, Diversified Bond, Blackrock Conservative, John Hancock, and Global Diversified. The fund will normally invest in both U.S More
Morningstar Alternatives 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 Morningstar Alternatives' 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 Morningstar Alternatives upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1961 | |||
| Information Ratio | 1.03 | |||
| Maximum Drawdown | 0.5801 | |||
| Value At Risk | (0.19) | |||
| Potential Upside | 0.1938 |
Morningstar Alternatives Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Morningstar Alternatives' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Morningstar Alternatives' standard deviation. In reality, there are many statistical measures that can use Morningstar Alternatives historical prices to predict the future Morningstar Alternatives' volatility.| Risk Adjusted Performance | 0.0457 | |||
| Jensen Alpha | 0.0165 | |||
| Total Risk Alpha | 0.0302 | |||
| Sortino Ratio | 0.7561 | |||
| Treynor Ratio | 0.0827 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Morningstar Alternatives' 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.
Morningstar Alternatives Backtested Returns
At this stage we consider Morningstar Mutual Fund to be very steady. Morningstar Alternatives has Sharpe Ratio of 0.19, which conveys that the entity had a 0.19 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Morningstar Alternatives, which you can use to evaluate the volatility of the fund. Please verify Morningstar Alternatives' Mean Deviation of 0.1085, risk adjusted performance of 0.0457, and Downside Deviation of 0.1961 to check out if the risk estimate we provide is consistent with the expected return of 0.0273%. The fund secures a Beta (Market Risk) of 0.0733, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Morningstar Alternatives' returns are expected to increase less than the market. However, during the bear market, the loss of holding Morningstar Alternatives is expected to be smaller as well.
Auto-correlation | 0.79 |
Good predictability
Morningstar Alternatives has good predictability. Overlapping area represents the amount of predictability between Morningstar Alternatives time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 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 Morningstar Alternatives price movement. The serial correlation of 0.79 indicates that around 79.0% of current Morningstar Alternatives price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Morningstar Alternatives lagged returns against current returns
Autocorrelation, which is Morningstar Alternatives 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 Morningstar Alternatives' mutual fund expected returns. We can calculate the autocorrelation of Morningstar Alternatives returns to help us make a trade decision. For example, suppose you find that Morningstar Alternatives 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 |
Morningstar Alternatives 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 Morningstar Alternatives mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Morningstar Alternatives mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Morningstar Alternatives mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Morningstar Alternatives Lagged Returns
When evaluating Morningstar Alternatives' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Morningstar Alternatives mutual fund have on its future price. Morningstar Alternatives 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, Morningstar Alternatives autocorrelation shows the relationship between Morningstar Alternatives mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Morningstar Alternatives.
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 Morningstar Mutual Fund
Morningstar Alternatives financial ratios help investors to determine whether Morningstar 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 Morningstar with respect to the benefits of owning Morningstar Alternatives security.
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