Akre Focus Fund Market Value
| AKRIX Fund | USD 61.30 0.18 0.29% |
| Symbol | Akre |
Akre Focus '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 Akre Focus' 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 Akre Focus.
| 04/24/2023 |
| 04/18/2024 |
If you would invest 0.00 in Akre Focus on April 24, 2023 and sell it all today you would earn a total of 0.00 from holding Akre Focus Fund or generate 0.0% return on investment in Akre Focus over 360 days. Akre Focus is related to or competes with American Funds. The fund invests primarily in securities of companies listed on U.S More
Akre Focus 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 Akre Focus' 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 Akre Focus Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.0 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.86 | |||
| Value At Risk | (1.46) | |||
| Potential Upside | 1.26 |
Akre Focus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Akre Focus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Akre Focus' standard deviation. In reality, there are many statistical measures that can use Akre Focus historical prices to predict the future Akre Focus' volatility.| Risk Adjusted Performance | 0.0346 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0281 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Akre Focus' 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.
Akre Focus Fund Backtested Returns
We consider Akre Focus very steady. Akre Focus Fund secures Sharpe Ratio (or Efficiency) of 0.0174, which signifies that the fund had a 0.0174% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Akre Focus Fund, which you can use to evaluate the volatility of the entity. Please confirm Akre Focus' Downside Deviation of 1.0, risk adjusted performance of 0.0346, and Mean Deviation of 0.6667 to double-check if the risk estimate we provide is consistent with the expected return of 0.0147%. The fund shows a Beta (market volatility) of 1.19, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Akre Focus will likely underperform.
Auto-correlation | 0.71 |
Good predictability
Akre Focus Fund has good predictability. Overlapping area represents the amount of predictability between Akre Focus time series from 24th of April 2023 to 21st of October 2023 and 21st of October 2023 to 18th 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 Akre Focus Fund price movement. The serial correlation of 0.71 indicates that around 71.0% of current Akre Focus price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 17.6 |
Akre Focus Fund lagged returns against current returns
Autocorrelation, which is Akre Focus 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 Akre Focus' mutual fund expected returns. We can calculate the autocorrelation of Akre Focus returns to help us make a trade decision. For example, suppose you find that Akre Focus 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 |
Akre Focus 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 Akre Focus mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Akre Focus mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Akre Focus mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Akre Focus Lagged Returns
When evaluating Akre Focus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Akre Focus mutual fund have on its future price. Akre Focus 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, Akre Focus autocorrelation shows the relationship between Akre Focus mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Akre Focus Fund.
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 Akre Focus 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, Akre Focus' short interest history, or implied volatility extrapolated from Akre Focus options trading.
Pair Trading with Akre Focus
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 Akre Focus 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 Akre Focus will appreciate offsetting losses from the drop in the long position's value.Moving together with Akre Mutual Fund
| 1.0 | AKRSX | Akre Focus Fund | PairCorr |
| 1.0 | AKREX | Akre Focus Fund | PairCorr |
| 0.88 | FAFGX | American Funds | PairCorr |
| 0.88 | FFAFX | American Funds | PairCorr |
The ability to find closely correlated positions to Akre Focus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Akre Focus 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 Akre Focus - 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 Akre Focus Fund to buy it.
The correlation of Akre Focus 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 Akre Focus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Akre Focus Fund 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 Akre Focus 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 Akre Focus Correlation, Akre Focus Volatility and Akre Focus Alpha and Beta module to complement your research on Akre Focus. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Akre Focus 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.