Longboard Managed Futures Fund Quote
Longboard Managed is trading at 10.14 as of the 18th of April 2024; that is No Change since the beginning of the trading day. The fund's open price was 10.14. Equity ratings for Longboard Managed Futures are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of July 2022 and ending today, the 18th of April 2024. Click here to learn more.
Longboard Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Longboard Managed's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Longboard Managed or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Longboard Funds, Systematic Trend Funds, Systematic Trend, Longboard (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 1st of October 2022 |
| Fiscal Year End | May |
Longboard Managed Futures [WAVIX] is traded in USA and was established 18th of April 2024. Longboard Managed is listed under Longboard category by Fama And French industry classification. The fund is listed under Systematic Trend category and is part of Longboard family. This fund at this time has accumulated 30.3 M in net assets with minimum initial investment of 10 K. Longboard Managed Futures is currently producing year-to-date (YTD) return of 7.64% with the current yeild of 0.01%, while the total return for the last 3 years was 5.22%.
Check Longboard Managed Probability Of Bankruptcy
Longboard Managed Target Price Odds Analysis
Based on a normal probability distribution, the odds of Longboard Managed jumping above the current price in 90 days from now is about 10.22%. The Longboard Managed Futures probability density function shows the probability of Longboard Managed mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Longboard Managed has a beta of 0.1159. This entails as returns on the market go up, Longboard Managed average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Longboard Managed Futures will be expected to be much smaller as well. Additionally, longboard Managed Futures has an alpha of 0.0953, implying that it can generate a 0.0953 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Longboard Managed to move above the current price in 90 days from now is about 10.22 (This Longboard Managed Futures probability density function shows the probability of Longboard Mutual Fund to fall within a particular range of prices over 90 days) .
Longboard Managed Futures Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Longboard Managed market risk premium is the additional return an investor will receive from holding Longboard Managed long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Longboard Managed. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Longboard Managed's alpha and beta are two of the key measurements used to evaluate Longboard Managed's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.2494 | |||
| Standard Deviation | 0.3267 | |||
| Variance | 0.1067 | |||
| Downside Variance | 0.1277 |
Longboard Managed Against Markets
Picking the right benchmark for Longboard Managed mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Longboard Managed mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Longboard Managed is critical whether you are bullish or bearish towards Longboard Managed Futures at a given time. Please also check how Longboard Managed's historical prices are related to one of the top price index indicators.
Longboard Managed Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Longboard Managed mutual fund to make a market-neutral strategy. Peer analysis of Longboard Managed could also be used in its relative valuation, which is a method of valuing Longboard Managed by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
How to buy Longboard Mutual Fund?
Before investing in Longboard Managed, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Longboard Managed. To buy Longboard Managed fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Longboard Managed. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Longboard Managed fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Longboard Managed Futures fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Longboard Managed Futures fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Longboard Managed Futures, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Longboard Managed Futures?
The danger of trading Longboard Managed Futures is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Longboard Managed is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Longboard Managed. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Longboard Managed Futures is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.