Mairs Power Balanced Fund Market Value
| MAPOX Fund | USD 104.58 0.64 0.62% |
| Symbol | Mairs |
Mairs Power '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 Mairs Power'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 Mairs Power.
| 11/08/2023 |
| 05/06/2024 |
If you would invest 0.00 in Mairs Power on November 8, 2023 and sell it all today you would earn a total of 0.00 from holding Mairs Power Balanced or generate 0.0% return on investment in Mairs Power over 180 days. Mairs Power is related to or competes with Mairs Power, Mairs Power, Berwyn Income, Fpa Crescent, and Bruce Fund. The fund invests primarily in U.S. common stock and other securities convertible into common stock as well as fixed inco... More
Mairs Power 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 Mairs Power'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 Mairs Power Balanced upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5486 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 2.67 | |||
| Value At Risk | (0.83) | |||
| Potential Upside | 0.7135 |
Mairs Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mairs Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mairs Power's standard deviation. In reality, there are many statistical measures that can use Mairs Power historical prices to predict the future Mairs Power's volatility.| Risk Adjusted Performance | 0.0556 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0506 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mairs Power'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.
Mairs Power Balanced Backtested Returns
We consider Mairs Power very steady. Mairs Power Balanced has Sharpe Ratio of 0.0952, which conveys that the entity had a 0.0952% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Mairs Power, which you can use to evaluate the volatility of the fund. Please verify Mairs Power's Downside Deviation of 0.5486, risk adjusted performance of 0.0556, and Mean Deviation of 0.3765 to check out if the risk estimate we provide is consistent with the expected return of 0.0461%. The fund secures a Beta (Market Risk) of 0.69, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mairs Power's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mairs Power is expected to be smaller as well.
Auto-correlation | 0.45 |
Average predictability
Mairs Power Balanced has average predictability. Overlapping area represents the amount of predictability between Mairs Power time series from 8th of November 2023 to 6th of February 2024 and 6th of February 2024 to 6th of May 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 Mairs Power Balanced price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Mairs Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 1.78 |
Mairs Power Balanced lagged returns against current returns
Autocorrelation, which is Mairs Power 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 Mairs Power's mutual fund expected returns. We can calculate the autocorrelation of Mairs Power returns to help us make a trade decision. For example, suppose you find that Mairs Power 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 |
Mairs Power 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 Mairs Power mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mairs Power mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mairs Power mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mairs Power Lagged Returns
When evaluating Mairs Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mairs Power mutual fund have on its future price. Mairs Power 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, Mairs Power autocorrelation shows the relationship between Mairs Power mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mairs Power Balanced.
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 Mairs Power 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, Mairs Power's short interest history, or implied volatility extrapolated from Mairs Power options trading.
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Mairs Power 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.