Al Frank Fund Market Value
VALAX Fund | USD 27.25 0.10 0.37% |
Symbol | VALAX |
Al Frank '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 Al Frank'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 Al Frank.
02/27/2024 |
| 03/28/2024 |
If you would invest 0.00 in Al Frank on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Al Frank Fund or generate 0.0% return on investment in Al Frank over 30 days. Al Frank is related to or competes with Aqr Global, Pimco Dynamic, Vanguard Total, Brookfield Real, T Rowe, American Balanced, and Franklin Mutual. Under normal market conditions, the Adviser selects equity securities that the adviser believes are out of favor and und... More
Al Frank 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 Al Frank'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 Al Frank Fund upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.7271 | |||
Information Ratio | 0.002 | |||
Maximum Drawdown | 3.27 | |||
Value At Risk | (0.89) | |||
Potential Upside | 1.11 |
Al Frank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Al Frank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Al Frank's standard deviation. In reality, there are many statistical measures that can use Al Frank historical prices to predict the future Al Frank's volatility.Risk Adjusted Performance | 0.1187 | |||
Jensen Alpha | 0.1405 | |||
Total Risk Alpha | (0.02) | |||
Sortino Ratio | 0.0018 | |||
Treynor Ratio | (1.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Al Frank'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.
Al Frank Fund Backtested Returns
We consider Al Frank very steady. Al Frank Fund retains Efficiency (Sharpe Ratio) of 0.22, which signifies that the fund had a 0.22% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for Al Frank, which you can use to evaluate the volatility of the entity. Please confirm Al Frank's Market Risk Adjusted Performance of (1.04), coefficient of variation of 473.46, and Standard Deviation of 0.6418 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. The fund owns a Beta (Systematic Risk) of -0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Al Frank are expected to decrease at a much lower rate. During the bear market, Al Frank is likely to outperform the market.
Auto-correlation | 0.76 |
Good predictability
Al Frank Fund has good predictability. Overlapping area represents the amount of predictability between Al Frank time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Al Frank Fund price movement. The serial correlation of 0.76 indicates that around 76.0% of current Al Frank price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.76 | |
Spearman Rank Test | 0.76 | |
Residual Average | 0.0 | |
Price Variance | 0.15 |
Al Frank Fund lagged returns against current returns
Autocorrelation, which is Al Frank 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 Al Frank's mutual fund expected returns. We can calculate the autocorrelation of Al Frank returns to help us make a trade decision. For example, suppose you find that Al Frank 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 |
Al Frank 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 Al Frank mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Al Frank mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Al Frank mutual fund over time.
Current vs Lagged Prices |
Timeline |
Al Frank Lagged Returns
When evaluating Al Frank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Al Frank mutual fund have on its future price. Al Frank 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, Al Frank autocorrelation shows the relationship between Al Frank mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Al Frank Fund.
Regressed Prices |
Timeline |
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Check out Al Frank Correlation, Al Frank Volatility and Al Frank Alpha and Beta module to complement your research on Al Frank. Note that the Al Frank Fund information on this page should be used as a complementary analysis to other Al Frank's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
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When running Al Frank's price analysis, check to measure Al Frank's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Al Frank is operating at the current time. Most of Al Frank's value examination focuses on studying past and present price action to predict the probability of Al Frank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Al Frank's price. Additionally, you may evaluate how the addition of Al Frank to your portfolios can decrease your overall portfolio volatility.
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Al Frank 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.