Renminbi Yuan Bond Fund Market Value
| GARBX Fund | USD 11.12 0.02 0.18% |
| Symbol | Renminbi |
Renminbi Yuan '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 Renminbi Yuan'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 Renminbi Yuan.
| 03/29/2024 |
| 04/28/2024 |
If you would invest 0.00 in Renminbi Yuan on March 29, 2024 and sell it all today you would earn a total of 0.00 from holding Renminbi Yuan Bond or generate 0.0% return on investment in Renminbi Yuan over 30 days. Renminbi Yuan is related to or competes with Guinness Atkinson, Guinness Atkinson, Guinness Atkinson, Guinness Atkinson, Guinness Atkinson, and Guinness Atkinson. The fund invests at least 80 percent of its net assets in a combination of Renminbi Yuan-denominated bonds that are issu... More
Renminbi Yuan 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 Renminbi Yuan'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 Renminbi Yuan Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.62) | |||
| Maximum Drawdown | 1.07 | |||
| Value At Risk | (0.18) | |||
| Potential Upside | 0.2693 |
Renminbi Yuan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Renminbi Yuan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Renminbi Yuan's standard deviation. In reality, there are many statistical measures that can use Renminbi Yuan historical prices to predict the future Renminbi Yuan's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.36) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Renminbi Yuan'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.
Renminbi Yuan Bond Backtested Returns
Renminbi Yuan Bond maintains Sharpe Ratio (i.e., Efficiency) of -0.035, which implies the entity had a -0.035% return per unit of risk over the last 3 months. Renminbi Yuan Bond exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Renminbi Yuan's Risk Adjusted Performance of (0.06), coefficient of variation of (1,952), and Variance of 0.0246 to confirm the risk estimate we provide. The fund holds a Beta of 0.05, which implies not very significant fluctuations relative to the market. As returns on the market increase, Renminbi Yuan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Renminbi Yuan is expected to be smaller as well.
Auto-correlation | 0.31 |
Below average predictability
Renminbi Yuan Bond has below average predictability. Overlapping area represents the amount of predictability between Renminbi Yuan time series from 29th of March 2024 to 13th of April 2024 and 13th of April 2024 to 28th 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 Renminbi Yuan Bond price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Renminbi Yuan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Renminbi Yuan Bond lagged returns against current returns
Autocorrelation, which is Renminbi Yuan 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 Renminbi Yuan's mutual fund expected returns. We can calculate the autocorrelation of Renminbi Yuan returns to help us make a trade decision. For example, suppose you find that Renminbi Yuan 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 |
Renminbi Yuan 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 Renminbi Yuan mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Renminbi Yuan mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Renminbi Yuan mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Renminbi Yuan Lagged Returns
When evaluating Renminbi Yuan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Renminbi Yuan mutual fund have on its future price. Renminbi Yuan 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, Renminbi Yuan autocorrelation shows the relationship between Renminbi Yuan mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Renminbi Yuan Bond.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Renminbi Yuan Correlation, Renminbi Yuan Volatility and Renminbi Yuan Alpha and Beta module to complement your research on Renminbi Yuan. Note that the Renminbi Yuan Bond information on this page should be used as a complementary analysis to other Renminbi Yuan'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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Renminbi Yuan 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.