Ab E Opportunities Fund Market Value
| ADGAX Fund | USD 22.09 0.19 0.85% |
| Symbol | ADGAX |
Ab Core '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 Ab Core'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 Ab Core.
| 09/26/2023 |
| 04/23/2024 |
If you would invest 0.00 in Ab Core on September 26, 2023 and sell it all today you would earn a total of 0.00 from holding Ab E Opportunities or generate 0.0% return on investment in Ab Core over 210 days. Ab Core is related to or competes with Ab Global, Ab Minnesota, Ab Minnesota, Ab All, Ab All, Ab All, and Ab All. The fund invests primarily in the equity securities of U.S More
Ab Core 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 Ab Core'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 Ab E Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7224 | |||
| Information Ratio | 0.0355 | |||
| Maximum Drawdown | 3.67 | |||
| Value At Risk | (1.12) | |||
| Potential Upside | 1.2 |
Ab Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ab Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ab Core's standard deviation. In reality, there are many statistical measures that can use Ab Core historical prices to predict the future Ab Core's volatility.| Risk Adjusted Performance | 0.0945 | |||
| Jensen Alpha | 0.0279 | |||
| Total Risk Alpha | 0.011 | |||
| Sortino Ratio | 0.0361 | |||
| Treynor Ratio | 0.1039 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ab Core's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Ab E Opportunities Backtested Returns
We consider Ab Core very steady. Ab E Opportunities retains Efficiency (Sharpe Ratio) of 0.0984, which signifies that the fund had a 0.0984% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for Ab Core, which you can use to evaluate the volatility of the entity. Please confirm Ab Core's Market Risk Adjusted Performance of 0.1139, coefficient of variation of 659.21, and Standard Deviation of 0.7348 to double-check if the risk estimate we provide is consistent with the expected return of 0.0729%. The fund owns a Beta (Systematic Risk) of 0.98, which signifies possible diversification benefits within a given portfolio. Ab Core returns are very sensitive to returns on the market. As the market goes up or down, Ab Core is expected to follow.
Auto-correlation | 0.74 |
Good predictability
Ab E Opportunities has good predictability. Overlapping area represents the amount of predictability between Ab Core time series from 26th of September 2023 to 9th of January 2024 and 9th of January 2024 to 23rd of April 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 Ab E Opportunities price movement. The serial correlation of 0.74 indicates that around 74.0% of current Ab Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.68 |
Ab E Opportunities lagged returns against current returns
Autocorrelation, which is Ab Core 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 Ab Core's mutual fund expected returns. We can calculate the autocorrelation of Ab Core returns to help us make a trade decision. For example, suppose you find that Ab Core 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 |
Ab Core 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 Ab Core mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ab Core mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ab Core mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ab Core Lagged Returns
When evaluating Ab Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ab Core mutual fund have on its future price. Ab Core 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, Ab Core autocorrelation shows the relationship between Ab Core mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ab E Opportunities.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Ab Core in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Ab Core's short interest history, or implied volatility extrapolated from Ab Core options trading.
Pair Trading with Ab Core
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ab Core position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ab Core will appreciate offsetting losses from the drop in the long position's value.Moving together with ADGAX Mutual Fund
| 0.96 | GCECX | Ab Global E | PairCorr |
| 0.87 | AMTAX | Ab All Market | PairCorr |
| 0.87 | AMTYX | Ab All Market | PairCorr |
| 0.87 | AMTOX | Ab All Market | PairCorr |
The ability to find closely correlated positions to Ab Core could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ab Core when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ab Core - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ab E Opportunities to buy it.
The correlation of Ab Core is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ab Core moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ab E Opportunities moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ab Core can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Ab Core Correlation, Ab Core Volatility and Ab Core Alpha and Beta module to complement your research on Ab Core. Note that the Ab E Opportunities information on this page should be used as a complementary analysis to other Ab Core's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Ab Core technical mutual fund 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, fund market cycles, or different charting patterns.