Xsabx Fund Market Value
| XSABX Fund | 10.18 0.18 1.80% |
| Symbol | Xsabx |
Please note, there is a significant difference between Xsabx's value and its price as these two are different measures arrived at by different means. Investors typically determine if Xsabx is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Xsabx'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.
Xsabx '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 Xsabx'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 Xsabx.
| 12/31/2022 |
| 12/20/2024 |
If you would invest 0.00 in Xsabx on December 31, 2022 and sell it all today you would earn a total of 0.00 from holding Xsabx or generate 0.0% return on investment in Xsabx over 720 days. Xsabx is related to or competes with Mid Cap, Franklin Growth, Rational Defensive, L Abbett, Vy Baron, and Qs Growth. Xsabx is entity of United States. It is traded as Fund on NYSE exchange. More
Xsabx 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 Xsabx'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 Xsabx upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4423 | |||
| Information Ratio | 0.1739 | |||
| Maximum Drawdown | 2.76 | |||
| Value At Risk | (0.50) | |||
| Potential Upside | 1.19 |
Xsabx Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xsabx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xsabx's standard deviation. In reality, there are many statistical measures that can use Xsabx historical prices to predict the future Xsabx's volatility.| Risk Adjusted Performance | 0.1837 | |||
| Jensen Alpha | 0.1142 | |||
| Total Risk Alpha | 0.099 | |||
| Sortino Ratio | 0.2058 | |||
| Treynor Ratio | 10.04 |
Xsabx Backtested Returns
At this stage we consider Xsabx Mutual Fund to be very steady. Xsabx shows Sharpe Ratio of 0.28, which attests that the fund had a 0.28% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Xsabx, which you can use to evaluate the volatility of the fund. Please check out Xsabx's Coefficient Of Variation of 420.54, market risk adjusted performance of 10.05, and Mean Deviation of 0.3669 to validate if the risk estimate we provide is consistent with the expected return of 0.16%. The entity maintains a market beta of 0.0114, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Xsabx's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xsabx is expected to be smaller as well.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Xsabx has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Xsabx time series from 31st of December 2022 to 26th of December 2023 and 26th of December 2023 to 20th 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 Xsabx price movement. The serial correlation of -0.71 indicates that around 71.0% of current Xsabx price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 6.13 |
Xsabx lagged returns against current returns
Autocorrelation, which is Xsabx 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 Xsabx's mutual fund expected returns. We can calculate the autocorrelation of Xsabx returns to help us make a trade decision. For example, suppose you find that Xsabx 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 |
Xsabx 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 Xsabx mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xsabx mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xsabx mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Xsabx Lagged Returns
When evaluating Xsabx's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xsabx mutual fund have on its future price. Xsabx 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, Xsabx autocorrelation shows the relationship between Xsabx mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Xsabx.
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 Xsabx Mutual Fund
Xsabx financial ratios help investors to determine whether Xsabx 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 Xsabx with respect to the benefits of owning Xsabx security.
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