Resq Strategic Income Fund Market Value
| RQIIX Fund | USD 7.56 0.08 1.07% |
| Symbol | RESQ |
Resq Strategic '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 Resq Strategic'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 Resq Strategic.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Resq Strategic on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Resq Strategic Income or generate 0.0% return on investment in Resq Strategic over 30 days. Resq Strategic is related to or competes with Victory Strategic, Aqr Large, Jhancock Disciplined, Legg Mason, Old Westbury, Qs Us, and T Rowe. The fund seeks to achieve its investment objective by investing in a portfolio of mutual funds and exchange traded funds... More
Resq Strategic 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 Resq Strategic'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 Resq Strategic Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 4.72 | |||
| Value At Risk | (1.62) | |||
| Potential Upside | 1.38 |
Resq Strategic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Resq Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Resq Strategic's standard deviation. In reality, there are many statistical measures that can use Resq Strategic historical prices to predict the future Resq Strategic's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | 0.1345 |
Resq Strategic Income Backtested Returns
Resq Strategic Income maintains Sharpe Ratio (i.e., Efficiency) of -0.0318, which implies the entity had a -0.0318% return per unit of risk over the last 3 months. Resq Strategic Income exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Resq Strategic's Variance of 0.8406, risk adjusted performance of (0.02), and Coefficient Of Variation of (3,579) to confirm the risk estimate we provide. The fund holds a Beta of -0.26, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Resq Strategic are expected to decrease at a much lower rate. During the bear market, Resq Strategic is likely to outperform the market.
Auto-correlation | -0.43 |
Modest reverse predictability
Resq Strategic Income has modest reverse predictability. Overlapping area represents the amount of predictability between Resq Strategic time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Resq Strategic Income price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Resq Strategic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Resq Strategic Income lagged returns against current returns
Autocorrelation, which is Resq Strategic 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 Resq Strategic's mutual fund expected returns. We can calculate the autocorrelation of Resq Strategic returns to help us make a trade decision. For example, suppose you find that Resq Strategic 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 |
Resq Strategic 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 Resq Strategic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Resq Strategic mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Resq Strategic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Resq Strategic Lagged Returns
When evaluating Resq Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Resq Strategic mutual fund have on its future price. Resq Strategic 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, Resq Strategic autocorrelation shows the relationship between Resq Strategic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Resq Strategic Income.
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 RESQ Mutual Fund
Resq Strategic financial ratios help investors to determine whether RESQ 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 RESQ with respect to the benefits of owning Resq Strategic security.
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