1919 Financial Services Fund Market Value
| LMRIX Fund | USD 26.38 0.25 0.96% |
| Symbol | 1919 |
1919 Financial '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 1919 Financial'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 1919 Financial.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in 1919 Financial on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding 1919 Financial Services or generate 0.0% return on investment in 1919 Financial over 30 days. 1919 Financial is related to or competes with 1919 Socially, 1919 Socially, and 1919 Socially. The fund normally invests at least 80 percent of its net assets in equity securities of issuers in the financial service... More
1919 Financial 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 1919 Financial'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 1919 Financial Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9858 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 4.18 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 1.66 |
1919 Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 1919 Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 1919 Financial's standard deviation. In reality, there are many statistical measures that can use 1919 Financial historical prices to predict the future 1919 Financial's volatility.| Risk Adjusted Performance | 0.0508 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0538 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 1919 Financial'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.
1919 Financial Services Backtested Returns
We consider 1919 Financial very steady. 1919 Financial Services retains Efficiency (Sharpe Ratio) of 0.0287, which signifies that the fund had a 0.0287% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for 1919 Financial, which you can use to evaluate the volatility of the entity. Please confirm 1919 Financial's Market Risk Adjusted Performance of 0.0638, standard deviation of 0.8823, and Coefficient Of Variation of 1290.03 to double-check if the risk estimate we provide is consistent with the expected return of 0.0249%. The entity owns a Beta (Systematic Risk) of 1.09, which signifies a somewhat significant risk relative to the market. 1919 Financial returns are very sensitive to returns on the market. As the market goes up or down, 1919 Financial is expected to follow.
Auto-correlation | 0.11 |
Insignificant predictability
1919 Financial Services has insignificant predictability. Overlapping area represents the amount of predictability between 1919 Financial time series from 24th of March 2024 to 8th of April 2024 and 8th of April 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 1919 Financial Services price movement. The serial correlation of 0.11 indicates that less than 11.0% of current 1919 Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
1919 Financial Services lagged returns against current returns
Autocorrelation, which is 1919 Financial 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 1919 Financial's mutual fund expected returns. We can calculate the autocorrelation of 1919 Financial returns to help us make a trade decision. For example, suppose you find that 1919 Financial 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 |
1919 Financial 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 1919 Financial mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 1919 Financial mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 1919 Financial mutual fund over time.
Current vs Lagged Prices |
| Timeline |
1919 Financial Lagged Returns
When evaluating 1919 Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 1919 Financial mutual fund have on its future price. 1919 Financial 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, 1919 Financial autocorrelation shows the relationship between 1919 Financial mutual fund current value and its past values and can show if there is a momentum factor associated with investing in 1919 Financial Services.
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 1919 Financial 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, 1919 Financial's short interest history, or implied volatility extrapolated from 1919 Financial options trading.
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1919 Financial 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.