Crm Longshort Opport Fund Market Value
| CRIHX Fund | USD 12.71 0.12 0.95% |
| Symbol | Crm |
Crm Longshort '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 Crm Longshort'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 Crm Longshort.
| 01/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in Crm Longshort on January 19, 2024 and sell it all today you would earn a total of 0.00 from holding Crm Longshort Opport or generate 0.0% return on investment in Crm Longshort over 90 days. Crm Longshort is related to or competes with Qs International, Materials Portfolio, JPMorgan Chase, Procter Gamble, Microsoft, and American Express. The fund invests at least 80 percent of its assets in long and short positions in equity and equity related securities o... More
Crm Longshort 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 Crm Longshort'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 Crm Longshort Opport upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.582 | |||
| Information Ratio | 0.1116 | |||
| Maximum Drawdown | 2.63 | |||
| Value At Risk | (0.77) | |||
| Potential Upside | 1.1 |
Crm Longshort Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Crm Longshort's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Crm Longshort's standard deviation. In reality, there are many statistical measures that can use Crm Longshort historical prices to predict the future Crm Longshort's volatility.| Risk Adjusted Performance | 0.1284 | |||
| Jensen Alpha | 0.1229 | |||
| Total Risk Alpha | 0.069 | |||
| Sortino Ratio | 0.1145 | |||
| Treynor Ratio | (0.47) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Crm Longshort'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.
Crm Longshort Opport Backtested Returns
We consider Crm Longshort very steady. Crm Longshort Opport secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the fund had a 0.21% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Crm Longshort Opport, which you can use to evaluate the volatility of the entity. Please confirm Crm Longshort's Mean Deviation of 0.498, risk adjusted performance of 0.1284, and Downside Deviation of 0.582 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. The fund shows a Beta (market volatility) of -0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Crm Longshort are expected to decrease at a much lower rate. During the bear market, Crm Longshort is likely to outperform the market.
Auto-correlation | -0.05 |
Very weak reverse predictability
Crm Longshort Opport has very weak reverse predictability. Overlapping area represents the amount of predictability between Crm Longshort time series from 19th of January 2024 to 4th of March 2024 and 4th of March 2024 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 Crm Longshort Opport price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Crm Longshort price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Crm Longshort Opport lagged returns against current returns
Autocorrelation, which is Crm Longshort 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 Crm Longshort's mutual fund expected returns. We can calculate the autocorrelation of Crm Longshort returns to help us make a trade decision. For example, suppose you find that Crm Longshort 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 |
Crm Longshort 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 Crm Longshort mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Crm Longshort mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Crm Longshort mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Crm Longshort Lagged Returns
When evaluating Crm Longshort's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Crm Longshort mutual fund have on its future price. Crm Longshort 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, Crm Longshort autocorrelation shows the relationship between Crm Longshort mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Crm Longshort Opport.
Regressed Prices |
| Timeline |
Pair Trading with Crm Longshort
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 Crm Longshort 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 Crm Longshort will appreciate offsetting losses from the drop in the long position's value.Moving together with Crm Mutual Fund
| 0.93 | CRIEX | Crm All Cap | PairCorr |
| 0.86 | CRIAX | Crm Smallmid Cap | PairCorr |
| 0.8 | CRISX | Crm Small Cap | PairCorr |
| 0.94 | CRIMX | Crm Mid Cap | PairCorr |
Moving against Crm Mutual Fund
| 0.83 | USPSX | Profunds Ultrashort Steady Growth | PairCorr |
The ability to find closely correlated positions to Crm Longshort could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Crm Longshort 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 Crm Longshort - 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 Crm Longshort Opport to buy it.
The correlation of Crm Longshort 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 Crm Longshort moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crm Longshort Opport 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 Crm Longshort 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 Crm Longshort Correlation, Crm Longshort Volatility and Crm Longshort Alpha and Beta module to complement your research on Crm Longshort. Note that the Crm Longshort Opport information on this page should be used as a complementary analysis to other Crm Longshort'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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Crm Longshort 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.