Lyrical Value Equity Fund Market Value
| LYRIX Fund | USD 23.96 0.02 0.08% |
| Symbol | Lyrical |
Lyrical Value '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 Lyrical Value'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 Lyrical Value.
| 03/21/2024 |
| 04/20/2024 |
If you would invest 0.00 in Lyrical Value on March 21, 2024 and sell it all today you would earn a total of 0.00 from holding Lyrical Value Equity or generate 0.0% return on investment in Lyrical Value over 30 days. Lyrical Value is related to or competes with Polen Growth, Edgewood Growth, Smead Value, and Aqr Large. The fund invests principally in a diversified portfolio of common stock of mid-capitalization and large-capitalization c... More
Lyrical Value 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 Lyrical Value'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 Lyrical Value Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9394 | |||
| Information Ratio | 2.0E-4 | |||
| Maximum Drawdown | 4.54 | |||
| Value At Risk | (1.38) | |||
| Potential Upside | 1.51 |
Lyrical Value Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lyrical Value's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lyrical Value's standard deviation. In reality, there are many statistical measures that can use Lyrical Value historical prices to predict the future Lyrical Value's volatility.| Risk Adjusted Performance | 0.0638 | |||
| Jensen Alpha | 0.087 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 2.0E-4 | |||
| Treynor Ratio | (0.50) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Lyrical Value'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.
Lyrical Value Equity Backtested Returns
We consider Lyrical Value very steady. Lyrical Value Equity has Sharpe Ratio of 0.0785, which conveys that the entity had a 0.0785% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Lyrical Value, which you can use to evaluate the volatility of the fund. Please verify Lyrical Value's Risk Adjusted Performance of 0.0638, mean deviation of 0.6581, and Downside Deviation of 0.9394 to check out if the risk estimate we provide is consistent with the expected return of 0.0668%. The fund secures a Beta (Market Risk) of -0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Lyrical Value are expected to decrease at a much lower rate. During the bear market, Lyrical Value is likely to outperform the market.
Auto-correlation | 0.00 |
No correlation between past and present
Lyrical Value Equity has no correlation between past and present. Overlapping area represents the amount of predictability between Lyrical Value time series from 21st of March 2024 to 5th of April 2024 and 5th of April 2024 to 20th 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 Lyrical Value Equity price movement. The serial correlation of 0.0 indicates that just 0.0% of current Lyrical Value price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
Lyrical Value Equity lagged returns against current returns
Autocorrelation, which is Lyrical Value 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 Lyrical Value's mutual fund expected returns. We can calculate the autocorrelation of Lyrical Value returns to help us make a trade decision. For example, suppose you find that Lyrical Value 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 |
Lyrical Value 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 Lyrical Value mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lyrical Value mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lyrical Value mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Lyrical Value Lagged Returns
When evaluating Lyrical Value's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lyrical Value mutual fund have on its future price. Lyrical Value 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, Lyrical Value autocorrelation shows the relationship between Lyrical Value mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Lyrical Value Equity.
Regressed Prices |
| Timeline |
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Lyrical Value 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.