Altegrisaaca Opportunistic Real Fund Market Value
| RAAIX Fund | USD 13.60 0.09 0.66% |
| Symbol | Altegrisaaca |
Altegrisaaca Opportunistic '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 Altegrisaaca Opportunistic'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 Altegrisaaca Opportunistic.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Altegrisaaca Opportunistic on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Altegrisaaca Opportunistic Real or generate 0.0% return on investment in Altegrisaaca Opportunistic over 30 days. Altegrisaaca Opportunistic is related to or competes with Altegrisaaca Opportunistic, Altegris Futures, Catalystmillburn, and Guggenheim Risk. Under normal circumstances, the fund invests at least 80 percent of its net assets in both long and short positions in e... More
Altegrisaaca Opportunistic 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 Altegrisaaca Opportunistic'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 Altegrisaaca Opportunistic Real upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8696 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 4.33 | |||
| Value At Risk | (1.08) | |||
| Potential Upside | 1.4 |
Altegrisaaca Opportunistic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altegrisaaca Opportunistic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Altegrisaaca Opportunistic's standard deviation. In reality, there are many statistical measures that can use Altegrisaaca Opportunistic historical prices to predict the future Altegrisaaca Opportunistic's volatility.| Risk Adjusted Performance | 0.0375 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0528 |
Altegrisaaca Opportunistic Backtested Returns
At this stage we consider Altegrisaaca Mutual Fund to be very steady. Altegrisaaca Opportunistic secures Sharpe Ratio (or Efficiency) of 0.0069, which signifies that the fund had a 0.0069% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Altegrisaaca Opportunistic Real, which you can use to evaluate the volatility of the entity. Please confirm Altegrisaaca Opportunistic's Risk Adjusted Performance of 0.0375, mean deviation of 0.6804, and Downside Deviation of 0.8696 to double-check if the risk estimate we provide is consistent with the expected return of 0.0059%. The fund shows a Beta (market volatility) of 0.63, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Altegrisaaca Opportunistic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Altegrisaaca Opportunistic is expected to be smaller as well.
Auto-correlation | -0.7 |
Very good reverse predictability
Altegrisaaca Opportunistic Real has very good reverse predictability. Overlapping area represents the amount of predictability between Altegrisaaca Opportunistic time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 Altegrisaaca Opportunistic price movement. The serial correlation of -0.7 indicates that around 70.0% of current Altegrisaaca Opportunistic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Altegrisaaca Opportunistic lagged returns against current returns
Autocorrelation, which is Altegrisaaca Opportunistic 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 Altegrisaaca Opportunistic's mutual fund expected returns. We can calculate the autocorrelation of Altegrisaaca Opportunistic returns to help us make a trade decision. For example, suppose you find that Altegrisaaca Opportunistic 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 |
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Altegrisaaca Opportunistic 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 Altegrisaaca Opportunistic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Altegrisaaca Opportunistic mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Altegrisaaca Opportunistic mutual fund over time.
Current vs Lagged Prices |
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Altegrisaaca Opportunistic Lagged Returns
When evaluating Altegrisaaca Opportunistic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Altegrisaaca Opportunistic mutual fund have on its future price. Altegrisaaca Opportunistic 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, Altegrisaaca Opportunistic autocorrelation shows the relationship between Altegrisaaca Opportunistic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Altegrisaaca Opportunistic Real.
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 Altegrisaaca Mutual Fund
Altegrisaaca Opportunistic financial ratios help investors to determine whether Altegrisaaca 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 Altegrisaaca with respect to the benefits of owning Altegrisaaca Opportunistic security.
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios |