Maingate Mlp Fund Market Value
| AMLPX Fund | USD 8.39 0.04 0.48% |
| Symbol | Maingate |
Maingate Mlp '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 Maingate Mlp'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 Maingate Mlp.
| 03/31/2024 |
| 04/30/2024 |
If you would invest 0.00 in Maingate Mlp on March 31, 2024 and sell it all today you would earn a total of 0.00 from holding Maingate Mlp Fund or generate 0.0% return on investment in Maingate Mlp over 30 days. Maingate Mlp is related to or competes with Fidelity 500, Cohen, Calamos Dynamic, Goldman Sachs, Quantified Evolution, Fidelity Select, and Growth Fund. The fund seeks to generate total return, comprised of capital appreciation and income, by investing in master limited pa... More
Maingate Mlp 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 Maingate Mlp'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 Maingate Mlp Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7952 | |||
| Information Ratio | 0.1751 | |||
| Maximum Drawdown | 4.18 | |||
| Value At Risk | (0.81) | |||
| Potential Upside | 1.17 |
Maingate Mlp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Maingate Mlp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Maingate Mlp's standard deviation. In reality, there are many statistical measures that can use Maingate Mlp historical prices to predict the future Maingate Mlp's volatility.| Risk Adjusted Performance | 0.1947 | |||
| Jensen Alpha | 0.1503 | |||
| Total Risk Alpha | 0.1107 | |||
| Sortino Ratio | 0.1442 | |||
| Treynor Ratio | 0.3524 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Maingate Mlp'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.
Maingate Mlp Backtested Returns
Maingate Mlp appears to be very steady, given 3 months investment horizon. Maingate Mlp has Sharpe Ratio of 0.33, which conveys that the entity had a 0.33% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Maingate Mlp, which you can use to evaluate the volatility of the fund. Please exercise Maingate Mlp's Mean Deviation of 0.4794, downside deviation of 0.7952, and Risk Adjusted Performance of 0.1947 to check out if our risk estimates are consistent with your expectations. The fund secures a Beta (Market Risk) of 0.55, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Maingate Mlp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Maingate Mlp is expected to be smaller as well.
Auto-correlation | -0.45 |
Modest reverse predictability
Maingate Mlp Fund has modest reverse predictability. Overlapping area represents the amount of predictability between Maingate Mlp time series from 31st of March 2024 to 15th of April 2024 and 15th of April 2024 to 30th 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 Maingate Mlp price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Maingate Mlp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Maingate Mlp lagged returns against current returns
Autocorrelation, which is Maingate Mlp 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 Maingate Mlp's mutual fund expected returns. We can calculate the autocorrelation of Maingate Mlp returns to help us make a trade decision. For example, suppose you find that Maingate Mlp 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 |
Maingate Mlp 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 Maingate Mlp mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Maingate Mlp mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Maingate Mlp mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Maingate Mlp Lagged Returns
When evaluating Maingate Mlp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Maingate Mlp mutual fund have on its future price. Maingate Mlp 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, Maingate Mlp autocorrelation shows the relationship between Maingate Mlp mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Maingate Mlp Fund.
Regressed Prices |
| Timeline |
Pair Trading with Maingate Mlp
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 Maingate Mlp 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 Maingate Mlp will appreciate offsetting losses from the drop in the long position's value.Moving together with Maingate Mutual Fund
| 0.99 | MLCPX | Maingate Mlp | PairCorr |
| 1.0 | IMLPX | Maingate Mlp | PairCorr |
| 0.99 | TORCX | Tortoise Mlp Pipeline | PairCorr |
| 0.99 | MLPTX | Oppenheimer Steelpath Mlp | PairCorr |
The ability to find closely correlated positions to Maingate Mlp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Maingate Mlp 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 Maingate Mlp - 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 Maingate Mlp Fund to buy it.
The correlation of Maingate Mlp 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 Maingate Mlp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Maingate Mlp 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 Maingate Mlp 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 Maingate Mlp Correlation, Maingate Mlp Volatility and Maingate Mlp Alpha and Beta module to complement your research on Maingate Mlp. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Maingate Mlp 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.