Navigator Equity Hedged Fund Market Value
| NAVAX Fund | USD 8.93 0.02 0.22% |
| Symbol | Navigator |
Navigator Equity '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 Navigator Equity'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 Navigator Equity.
| 02/25/2023 |
| 04/20/2024 |
If you would invest 0.00 in Navigator Equity on February 25, 2023 and sell it all today you would earn a total of 0.00 from holding Navigator Equity Hedged or generate 0.0% return on investment in Navigator Equity over 420 days. Navigator Equity is related to or competes with Northern Lights, Navigator Tactical, Navigator Tactical, and Navigator Tactical. The adviser allocates assets across various sectors of the global equity markets by investing primarily in ETFs that eac... More
Navigator Equity 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 Navigator Equity'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 Navigator Equity Hedged upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7369 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.34 | |||
| Value At Risk | (1.09) | |||
| Potential Upside | 1.22 |
Navigator Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Navigator Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Navigator Equity's standard deviation. In reality, there are many statistical measures that can use Navigator Equity historical prices to predict the future Navigator Equity's volatility.| Risk Adjusted Performance | 0.0281 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0235 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Navigator Equity'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.
Navigator Equity Hedged Backtested Returns
Navigator Equity Hedged has Sharpe Ratio of -0.0134, which conveys that the entity had a -0.0134% return per unit of risk over the last 3 months. Navigator Equity exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Navigator Equity's Downside Deviation of 0.7369, risk adjusted performance of 0.0281, and Mean Deviation of 0.5751 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.93, which conveys possible diversification benefits within a given portfolio. Navigator Equity returns are very sensitive to returns on the market. As the market goes up or down, Navigator Equity is expected to follow.
Auto-correlation | 0.64 |
Good predictability
Navigator Equity Hedged has good predictability. Overlapping area represents the amount of predictability between Navigator Equity time series from 25th of February 2023 to 23rd of September 2023 and 23rd of September 2023 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 Navigator Equity Hedged price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Navigator Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Navigator Equity Hedged lagged returns against current returns
Autocorrelation, which is Navigator Equity 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 Navigator Equity's mutual fund expected returns. We can calculate the autocorrelation of Navigator Equity returns to help us make a trade decision. For example, suppose you find that Navigator Equity 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 |
Navigator Equity 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 Navigator Equity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Navigator Equity mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Navigator Equity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Navigator Equity Lagged Returns
When evaluating Navigator Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Navigator Equity mutual fund have on its future price. Navigator Equity 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, Navigator Equity autocorrelation shows the relationship between Navigator Equity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Navigator Equity Hedged.
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 Navigator Equity 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, Navigator Equity's short interest history, or implied volatility extrapolated from Navigator Equity options trading.
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Navigator Equity 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.