Ycg Enhanced Fund Market Value
| YCGEX Fund | USD 29.74 0.07 0.24% |
| Symbol | Ycg |
Ycg Enhanced '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 Ycg Enhanced'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 Ycg Enhanced.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in Ycg Enhanced on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding Ycg Enhanced Fund or generate 0.0% return on investment in Ycg Enhanced over 30 days. Ycg Enhanced is related to or competes with Vanguard Total, and Vanguard 500. The fund invests primarily in equity securities without regard to market capitalization that the Adviser believes will p... More
Ycg Enhanced 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 Ycg Enhanced'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 Ycg Enhanced Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7668 | |||
| Information Ratio | 0.0089 | |||
| Maximum Drawdown | 3.14 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 0.9537 |
Ycg Enhanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ycg Enhanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ycg Enhanced's standard deviation. In reality, there are many statistical measures that can use Ycg Enhanced historical prices to predict the future Ycg Enhanced's volatility.| Risk Adjusted Performance | 0.0585 | |||
| Jensen Alpha | 0.009 | |||
| Total Risk Alpha | 0.0032 | |||
| Sortino Ratio | 0.0078 | |||
| Treynor Ratio | 0.0551 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ycg Enhanced'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.
Ycg Enhanced Backtested Returns
We consider Ycg Enhanced very steady. Ycg Enhanced shows Sharpe Ratio of 0.0765, which attests that the fund had a 0.0765% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Ycg Enhanced, which you can use to evaluate the volatility of the fund. Please check out Ycg Enhanced's Downside Deviation of 0.7668, market risk adjusted performance of 0.0651, and Mean Deviation of 0.5268 to validate if the risk estimate we provide is consistent with the expected return of 0.0504%. The entity maintains a market beta of 0.93, which attests to possible diversification benefits within a given portfolio. Ycg Enhanced returns are very sensitive to returns on the market. As the market goes up or down, Ycg Enhanced is expected to follow.
Auto-correlation | 0.24 |
Weak predictability
Ycg Enhanced Fund has weak predictability. Overlapping area represents the amount of predictability between Ycg Enhanced time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 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 Ycg Enhanced price movement. The serial correlation of 0.24 indicates that over 24.0% of current Ycg Enhanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Ycg Enhanced lagged returns against current returns
Autocorrelation, which is Ycg Enhanced 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 Ycg Enhanced's mutual fund expected returns. We can calculate the autocorrelation of Ycg Enhanced returns to help us make a trade decision. For example, suppose you find that Ycg Enhanced 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 |
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Ycg Enhanced 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 Ycg Enhanced mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ycg Enhanced mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ycg Enhanced mutual fund over time.
Current vs Lagged Prices |
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Ycg Enhanced Lagged Returns
When evaluating Ycg Enhanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ycg Enhanced mutual fund have on its future price. Ycg Enhanced 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, Ycg Enhanced autocorrelation shows the relationship between Ycg Enhanced mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ycg Enhanced Fund.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Ycg Enhanced Correlation, Ycg Enhanced Volatility and Ycg Enhanced Alpha and Beta module to complement your research on Ycg Enhanced. Note that the Ycg Enhanced information on this page should be used as a complementary analysis to other Ycg Enhanced'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 AI Investment Finder module to use AI to screen and filter profitable investment opportunities.
Ycg Enhanced 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.