Navigator Equity Hedged Fund Market Value
| NAVIX Fund | USD 37.02 1.02 2.83% |
| Symbol | Navigator |
Navigator Equity '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 Navigator Equity'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 Navigator Equity.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Navigator Equity on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Navigator Equity Hedged or generate 0.0% return on investment in Navigator Equity over 480 days. Navigator Equity is related to or competes with Diamond Hill, Pimco Rae, SCOR PK, Morningstar Unconstrained, Via Renewables, Bondbloxx ETF, and Spring Valley. The adviser allocates assets across various sectors of the global equity markets by investing primarily in ETFs that eac... More
Navigator Equity 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 Navigator Equity'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 Navigator Equity Hedged upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0912 | |||
| Maximum Drawdown | 282.49 | |||
| Potential Upside | 1.41 |
Navigator Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Navigator Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Navigator Equity's standard deviation. In reality, there are many statistical measures that can use Navigator Equity historical prices to predict the future Navigator Equity's volatility.| Risk Adjusted Performance | 0.0782 | |||
| Jensen Alpha | 3.13 | |||
| Total Risk Alpha | (2.29) | |||
| Treynor Ratio | 1.53 |
Navigator Equity Hedged Backtested Returns
We have found twenty-three technical indicators for Navigator Equity, which you can use to evaluate the volatility of the fund. Please verify Navigator Equity's Standard Deviation of 35.78, mean deviation of 8.46, and Risk Adjusted Performance of 0.0782 to check out if the risk estimate we provide is consistent with the expected return of 0.0%. The fund secures a Beta (Market Risk) of 2.22, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Navigator Equity will likely underperform.
Auto-correlation | -0.02 |
Very weak reverse predictability
Navigator Equity Hedged has very weak reverse predictability. Overlapping area represents the amount of predictability between Navigator Equity time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th 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 Navigator Equity Hedged price movement. The serial correlation of -0.02 indicates that only 2.0% of current Navigator Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 101.28 |
Navigator Equity Hedged lagged returns against current returns
Autocorrelation, which is Navigator Equity 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 Navigator Equity's mutual fund expected returns. We can calculate the autocorrelation of Navigator Equity returns to help us make a trade decision. For example, suppose you find that Navigator Equity 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 |
Navigator Equity 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 Navigator Equity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Navigator Equity mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Navigator Equity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Navigator Equity Lagged Returns
When evaluating Navigator Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Navigator Equity mutual fund have on its future price. Navigator Equity 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, Navigator Equity autocorrelation shows the relationship between Navigator Equity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Navigator Equity Hedged.
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 Navigator Mutual Fund
Navigator Equity financial ratios help investors to determine whether Navigator 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 Navigator with respect to the benefits of owning Navigator Equity security.
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