Americafirst Large Cap Fund Market Value
| SBQIX Fund | USD 13.37 0.07 0.52% |
| Symbol | Americafirst |
Americafirst Large '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 Americafirst Large'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 Americafirst Large.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Americafirst Large on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Americafirst Large Cap or generate 0.0% return on investment in Americafirst Large over 30 days. Americafirst Large is related to or competes with Americafirst Large, Americafirst Monthly, Americafirst Tactical, Americafirst Tactical, Americafirst Income, Americafirst Income, and Americafirst Income. The fund invests primarily in the common stocks of large capitalization domestic companies that have engaged in repurcha... More
Americafirst Large 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 Americafirst Large'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 Americafirst Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7714 | |||
| Information Ratio | 0.0974 | |||
| Maximum Drawdown | 3.56 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.44 |
Americafirst Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Americafirst Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Americafirst Large's standard deviation. In reality, there are many statistical measures that can use Americafirst Large historical prices to predict the future Americafirst Large's volatility.| Risk Adjusted Performance | 0.1144 | |||
| Jensen Alpha | 0.0786 | |||
| Total Risk Alpha | 0.0607 | |||
| Sortino Ratio | 0.1034 | |||
| Treynor Ratio | 0.1356 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Americafirst Large'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.
Americafirst Large Cap Backtested Returns
We consider Americafirst Large very steady. Americafirst Large Cap secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the fund had a 0.15% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Americafirst Large Cap, which you can use to evaluate the volatility of the entity. Please confirm Americafirst Large's mean deviation of 0.675, and Risk Adjusted Performance of 0.1144 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. The fund shows a Beta (market volatility) of 1.02, which signifies a somewhat significant risk relative to the market. Americafirst Large returns are very sensitive to returns on the market. As the market goes up or down, Americafirst Large is expected to follow.
Auto-correlation | -0.56 |
Good reverse predictability
Americafirst Large Cap has good reverse predictability. Overlapping area represents the amount of predictability between Americafirst Large time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Americafirst Large Cap price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Americafirst Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Americafirst Large Cap lagged returns against current returns
Autocorrelation, which is Americafirst Large 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 Americafirst Large's mutual fund expected returns. We can calculate the autocorrelation of Americafirst Large returns to help us make a trade decision. For example, suppose you find that Americafirst Large 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 |
Americafirst Large 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 Americafirst Large mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Americafirst Large mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Americafirst Large mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Americafirst Large Lagged Returns
When evaluating Americafirst Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Americafirst Large mutual fund have on its future price. Americafirst Large 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, Americafirst Large autocorrelation shows the relationship between Americafirst Large mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Americafirst Large Cap.
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 Americafirst Large 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, Americafirst Large's short interest history, or implied volatility extrapolated from Americafirst Large options trading.
Currently Active Assets on Macroaxis
Check out Americafirst Large Correlation, Americafirst Large Volatility and Americafirst Large Alpha and Beta module to complement your research on Americafirst Large. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Americafirst Large 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.