Ab Large Cap Fund Market Value
| APGAX Fund | USD 88.96 1.26 1.44% |
| Symbol | APGAX |
Ab Large '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 Large'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 Large.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Ab Large on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Ab Large Cap or generate 0.0% return on investment in Ab Large over 30 days. Ab Large is related to or competes with Ab Global, Ab Global, Ab Global, Ab Minnesota, Ab Minnesota, Ab All, and Ab All. The fund invests primarily in equity securities of a limited number of large, carefully selected, high-quality U.S More
Ab Large 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 Large'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 Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9586 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 5.18 | |||
| Value At Risk | (1.58) | |||
| Potential Upside | 1.72 |
Ab Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ab Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ab Large's standard deviation. In reality, there are many statistical measures that can use Ab Large historical prices to predict the future Ab Large's volatility.| Risk Adjusted Performance | 0.047 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0548 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ab Large'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 Large Cap Backtested Returns
We consider Ab Large very steady. Ab Large Cap retains Efficiency (Sharpe Ratio) of 0.0628, which signifies that the fund had a 0.0628% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for Ab Large, which you can use to evaluate the volatility of the entity. Please confirm Ab Large's Standard Deviation of 0.996, market risk adjusted performance of 0.0648, and Coefficient Of Variation of 1426.03 to double-check if the risk estimate we provide is consistent with the expected return of 0.0649%. The fund owns a Beta (Systematic Risk) of 1.09, which signifies a somewhat significant risk relative to the market. Ab Large returns are very sensitive to returns on the market. As the market goes up or down, Ab Large is expected to follow.
Auto-correlation | 0.70 |
Good predictability
Ab Large Cap has good predictability. Overlapping area represents the amount of predictability between Ab Large time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Large Cap price movement. The serial correlation of 0.7 indicates that around 70.0% of current Ab Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 2.98 |
Ab Large Cap lagged returns against current returns
Autocorrelation, which is Ab Large 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 Large's mutual fund expected returns. We can calculate the autocorrelation of Ab Large returns to help us make a trade decision. For example, suppose you find that Ab Large 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 Large 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 Large mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ab Large 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 Large mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ab Large Lagged Returns
When evaluating Ab Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ab Large mutual fund have on its future price. Ab Large 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 Large autocorrelation shows the relationship between Ab Large mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ab Large Cap.
Regressed Prices |
| Timeline |
Pair Trading with Ab Large
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 Large 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 Large will appreciate offsetting losses from the drop in the long position's value.Moving together with APGAX Mutual Fund
| 0.91 | GCECX | Ab Global E | PairCorr |
| 0.71 | AMTAX | Ab All Market | PairCorr |
| 0.71 | AMTYX | Ab All Market | PairCorr |
| 0.71 | AMTOX | Ab All Market | PairCorr |
The ability to find closely correlated positions to Ab Large 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 Large 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 Large - 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 Large Cap to buy it.
The correlation of Ab Large 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 Large moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ab Large Cap 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 Large 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 Large Correlation, Ab Large Volatility and Ab Large Alpha and Beta module to complement your research on Ab Large. Note that the Ab Large Cap information on this page should be used as a complementary analysis to other Ab Large'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 Equity Valuation module to check real value of public entities based on technical and fundamental data.
Ab Large 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.