Responsible Esg Equity Fund Market Value
| RESGX Fund | USD 18.75 0.08 0.43% |
| Symbol | Responsible |
Responsible Esg '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 Responsible Esg'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 Responsible Esg.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Responsible Esg on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Responsible Esg Equity or generate 0.0% return on investment in Responsible Esg over 360 days. Responsible Esg is related to or competes with Auer Growth, Commonwealth Global, Nasdaq 100, Small Cap, Ab Small, and Ab Value. Using quantitative analysis, under normal market circumstances, the Portfolio invests at least 80 percent of the value o... More
Responsible Esg 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 Responsible Esg'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 Responsible Esg Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7584 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.59 | |||
| Value At Risk | (1.16) | |||
| Potential Upside | 1.4 |
Responsible Esg Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Responsible Esg's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Responsible Esg's standard deviation. In reality, there are many statistical measures that can use Responsible Esg historical prices to predict the future Responsible Esg's volatility.| Risk Adjusted Performance | 0.1069 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1112 |
Responsible Esg Equity Backtested Returns
At this stage we consider Responsible Mutual Fund to be very steady. Responsible Esg Equity maintains Sharpe Ratio (i.e., Efficiency) of 0.17, which implies the entity had a 0.17% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Responsible Esg Equity, which you can use to evaluate the volatility of the fund. Please check Responsible Esg's Coefficient Of Variation of 714.36, semi deviation of 0.6211, and Risk Adjusted Performance of 0.1069 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. The fund holds a Beta of 0.87, which implies possible diversification benefits within a given portfolio. Responsible Esg returns are very sensitive to returns on the market. As the market goes up or down, Responsible Esg is expected to follow.
Auto-correlation | 0.61 |
Good predictability
Responsible Esg Equity has good predictability. Overlapping area represents the amount of predictability between Responsible Esg time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Responsible Esg Equity price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Responsible Esg price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.4 |
Responsible Esg Equity lagged returns against current returns
Autocorrelation, which is Responsible Esg 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 Responsible Esg's mutual fund expected returns. We can calculate the autocorrelation of Responsible Esg returns to help us make a trade decision. For example, suppose you find that Responsible Esg 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 |
Responsible Esg 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 Responsible Esg mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Responsible Esg mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Responsible Esg mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Responsible Esg Lagged Returns
When evaluating Responsible Esg's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Responsible Esg mutual fund have on its future price. Responsible Esg 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, Responsible Esg autocorrelation shows the relationship between Responsible Esg mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Responsible Esg Equity.
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 Responsible Mutual Fund
Responsible Esg financial ratios help investors to determine whether Responsible 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 Responsible with respect to the benefits of owning Responsible Esg security.
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