Meehan Focus Fund Market Value
| MEFOX Fund | USD 52.39 0.53 1.02% |
| Symbol | Meehan |
Meehan Focus '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 Meehan Focus' 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 Meehan Focus.
| 01/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in Meehan Focus on January 19, 2024 and sell it all today you would earn a total of 0.00 from holding Meehan Focus Fund or generate 0.0% return on investment in Meehan Focus over 90 days. Meehan Focus is related to or competes with Vanguard Total, Vanguard Total, Vanguard 500, and Vanguard Institutional. Under normal circumstances, the fund invests in the common stocks of companies that exhibit the potential for significan... More
Meehan Focus 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 Meehan Focus' 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 Meehan Focus Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9729 | |||
| Information Ratio | 0.0853 | |||
| Maximum Drawdown | 3.96 | |||
| Value At Risk | (1.32) | |||
| Potential Upside | 1.35 |
Meehan Focus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Meehan Focus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Meehan Focus' standard deviation. In reality, there are many statistical measures that can use Meehan Focus historical prices to predict the future Meehan Focus' volatility.| Risk Adjusted Performance | 0.0957 | |||
| Jensen Alpha | 0.1274 | |||
| Total Risk Alpha | 0.0574 | |||
| Sortino Ratio | 0.0789 | |||
| Treynor Ratio | (1.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Meehan Focus' 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.
Meehan Focus Backtested Returns
We consider Meehan Focus very steady. Meehan Focus has Sharpe Ratio of 0.12, which conveys that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Meehan Focus, which you can use to evaluate the volatility of the fund. Please verify Meehan Focus' Mean Deviation of 0.6841, downside deviation of 0.9729, and Risk Adjusted Performance of 0.0957 to check out if the risk estimate we provide is consistent with the expected return of 0.11%. The fund secures a Beta (Market Risk) of -0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Meehan Focus are expected to decrease at a much lower rate. During the bear market, Meehan Focus is likely to outperform the market.
Auto-correlation | 0.44 |
Average predictability
Meehan Focus Fund has average predictability. Overlapping area represents the amount of predictability between Meehan Focus 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 Meehan Focus price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Meehan Focus price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.71 |
Meehan Focus lagged returns against current returns
Autocorrelation, which is Meehan Focus 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 Meehan Focus' mutual fund expected returns. We can calculate the autocorrelation of Meehan Focus returns to help us make a trade decision. For example, suppose you find that Meehan Focus 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 |
Meehan Focus 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 Meehan Focus mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Meehan Focus mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Meehan Focus mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Meehan Focus Lagged Returns
When evaluating Meehan Focus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Meehan Focus mutual fund have on its future price. Meehan Focus 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, Meehan Focus autocorrelation shows the relationship between Meehan Focus mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Meehan Focus Fund.
Regressed Prices |
| Timeline |
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Meehan Focus 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.