Amana Developing World Fund Beneish M Score
| AMDWX Fund | USD 12.75 0.19 1.51% |
Amana |
At this time, Amana Developing's M Score is inapplicable. The earnings manipulation may begin if Amana Developing's top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by Amana Developing executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of Amana Developing's earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-4.84
Beneish M Score - Inapplicable
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About Amana Developing Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Amana Developing World's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Amana Developing using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Amana Developing World based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Amana Developing
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Amana Developing position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Amana Developing will appreciate offsetting losses from the drop in the long position's value.Moving together with Amana Mutual Fund
| 0.94 | AMIGX | Amana Growth | PairCorr |
| 1.0 | AMIDX | Amana Developing World | PairCorr |
| 0.95 | AMINX | Amana Me Fund | PairCorr |
| 0.84 | AMIPX | Amana Participation | PairCorr |
The ability to find closely correlated positions to Amana Developing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amana Developing when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Amana Developing - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Amana Developing World to buy it.
The correlation of Amana Developing is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amana Developing moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amana Developing World moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Amana Developing can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amana Developing World. 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 housing. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.