High Yield Fund Market Value

PHYAX Fund  USD 8.10  0.02  0.25%   
High Yield's market value is the price at which a share of High Yield trades on a public exchange. It measures the collective expectations of High Yield Fund investors about its performance. High Yield is trading at 8.10 as of the 5th of December 2024; that is 0.25 percent increase since the beginning of the trading day. The fund's open price was 8.08.
With this module, you can estimate the performance of a buy and hold strategy of High Yield Fund and determine expected loss or profit from investing in High Yield over a given investment horizon. Check out High Yield Correlation, High Yield Volatility and High Yield Alpha and Beta module to complement your research on High Yield.
Symbol

Please note, there is a significant difference between High Yield's value and its price as these two are different measures arrived at by different means. Investors typically determine if High Yield is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, High Yield's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

High Yield '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 High Yield'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 High Yield.
0.00
12/16/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/05/2024
0.00
If you would invest  0.00  in High Yield on December 16, 2022 and sell it all today you would earn a total of 0.00 from holding High Yield Fund or generate 0.0% return on investment in High Yield over 720 days. High Yield is related to or competes with Guggenheim High, Multimanager Lifestyle, Artisan High, Vanguard Star, Lgm Risk, Pioneer High, and Gmo High. The fund invests at least 80 percent of its assets in high yield investments , which may be represented by forwards or d... More

High Yield 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 High Yield'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 High Yield Fund upside and downside potential and time the market with a certain degree of confidence.

High Yield Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for High Yield's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as High Yield's standard deviation. In reality, there are many statistical measures that can use High Yield historical prices to predict the future High Yield's volatility.
Hype
Prediction
LowEstimatedHigh
7.948.108.26
Details
Intrinsic
Valuation
LowRealHigh
7.737.898.91
Details
Naive
Forecast
LowNextHigh
7.948.108.26
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
8.078.088.10
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as High Yield. Your research has to be compared to or analyzed against High Yield's peers to derive any actionable benefits. When done correctly, High Yield's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in High Yield Fund.

High Yield Fund Backtested Returns

At this stage we consider High Mutual Fund to be very steady. High Yield Fund holds Efficiency (Sharpe) Ratio of 0.0994, which attests that the entity had a 0.0994% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for High Yield Fund, which you can use to evaluate the volatility of the entity. Please check out High Yield's Risk Adjusted Performance of 0.0338, market risk adjusted performance of (0.91), and Downside Deviation of 0.2191 to validate if the risk estimate we provide is consistent with the expected return of 0.0159%. The fund retains a Market Volatility (i.e., Beta) of -0.0056, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning High Yield are expected to decrease at a much lower rate. During the bear market, High Yield is likely to outperform the market.

Auto-correlation

    
  0.66  

Good predictability

High Yield Fund has good predictability. Overlapping area represents the amount of predictability between High Yield time series from 16th of December 2022 to 11th of December 2023 and 11th of December 2023 to 5th 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 High Yield Fund price movement. The serial correlation of 0.66 indicates that around 66.0% of current High Yield price fluctuation can be explain by its past prices.
Correlation Coefficient0.66
Spearman Rank Test0.72
Residual Average0.0
Price Variance0.04

High Yield Fund lagged returns against current returns

Autocorrelation, which is High Yield 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 High Yield's mutual fund expected returns. We can calculate the autocorrelation of High Yield returns to help us make a trade decision. For example, suppose you find that High Yield 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  

High Yield 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 High Yield mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if High Yield mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in High Yield mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

High Yield Lagged Returns

When evaluating High Yield's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of High Yield mutual fund have on its future price. High Yield 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, High Yield autocorrelation shows the relationship between High Yield mutual fund current value and its past values and can show if there is a momentum factor associated with investing in High Yield Fund.
   Regressed Prices   
       Timeline  

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Other Information on Investing in High Mutual Fund

High Yield financial ratios help investors to determine whether High 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 High with respect to the benefits of owning High Yield security.
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