Fundx Investment Trust Etf Market Value
| XRLX Etf | 41.24 0.54 1.29% |
| Symbol | FundX |
The market value of FundX Investment Trust is measured differently than its book value, which is the value of FundX that is recorded on the company's balance sheet. Investors also form their own opinion of FundX Investment's value that differs from its market value or its book value, called intrinsic value, which is FundX Investment's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because FundX Investment's market value can be influenced by many factors that don't directly affect FundX Investment's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between FundX Investment's value and its price as these two are different measures arrived at by different means. Investors typically determine if FundX Investment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FundX Investment'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.
FundX Investment '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 FundX Investment's etf 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 FundX Investment.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in FundX Investment on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding FundX Investment Trust or generate 0.0% return on investment in FundX Investment over 90 days. FundX Investment is related to or competes with Kirby, Alexander Baldwin, Morningstar Unconstrained, Thrivent High, Via Renewables, T Rowe, and 70082LAB3. FundX Investment is entity of United States More
FundX Investment 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 FundX Investment's etf 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 FundX Investment Trust upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0194 | |||
| Maximum Drawdown | 4.28 | |||
| Value At Risk | (1.67) | |||
| Potential Upside | 1.0 |
FundX Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FundX Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FundX Investment's standard deviation. In reality, there are many statistical measures that can use FundX Investment historical prices to predict the future FundX Investment's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | 0.0181 | |||
| Treynor Ratio | (0.21) |
FundX Investment Trust Backtested Returns
FundX Investment Trust secures Sharpe Ratio (or Efficiency) of -0.16, which denotes the etf had a -0.16 % return per unit of risk over the last 3 months. FundX Investment Trust exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm FundX Investment's Mean Deviation of 0.6557, variance of 0.7285, and Standard Deviation of 0.8535 to check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.6, which means possible diversification benefits within a given portfolio. As returns on the market increase, FundX Investment's returns are expected to increase less than the market. However, during the bear market, the loss of holding FundX Investment is expected to be smaller as well.
Auto-correlation | -0.32 |
Poor reverse predictability
FundX Investment Trust has poor reverse predictability. Overlapping area represents the amount of predictability between FundX Investment time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of FundX Investment Trust price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current FundX Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.56 |
FundX Investment Trust lagged returns against current returns
Autocorrelation, which is FundX Investment etf'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 FundX Investment's etf expected returns. We can calculate the autocorrelation of FundX Investment returns to help us make a trade decision. For example, suppose you find that FundX Investment has exhibited high autocorrelation historically, and you observe that the etf 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 |
FundX Investment 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 FundX Investment etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FundX Investment etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FundX Investment etf over time.
Current vs Lagged Prices |
| Timeline |
FundX Investment Lagged Returns
When evaluating FundX Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FundX Investment etf have on its future price. FundX Investment 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, FundX Investment autocorrelation shows the relationship between FundX Investment etf current value and its past values and can show if there is a momentum factor associated with investing in FundX Investment Trust.
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.When determining whether FundX Investment Trust offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of FundX Investment's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Fundx Investment Trust Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Fundx Investment Trust Etf:Check out FundX Investment Correlation, FundX Investment Volatility and FundX Investment Alpha and Beta module to complement your research on FundX Investment. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
FundX Investment technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.