Astor Star Fund Market Value
| STARX Fund | USD 14.60 0.02 0.14% |
| Symbol | Astor |
Astor Star '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 Astor Star'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 Astor Star.
| 04/02/2024 |
| 05/02/2024 |
If you would invest 0.00 in Astor Star on April 2, 2024 and sell it all today you would earn a total of 0.00 from holding Astor Star Fund or generate 0.0% return on investment in Astor Star over 30 days. Astor Star is related to or competes with Morningstar Unconstrained, and SPACE. The fund invests predominantly in exchange-traded funds that each invest primarily in equity securities, fixed-income se... More
Astor Star 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 Astor Star'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 Astor Star Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5885 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 1.98 | |||
| Value At Risk | (0.90) | |||
| Potential Upside | 0.7597 |
Astor Star Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Astor Star's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Astor Star's standard deviation. In reality, there are many statistical measures that can use Astor Star historical prices to predict the future Astor Star's volatility.| Risk Adjusted Performance | 0.0417 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0352 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Astor Star'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.
Astor Star Fund Backtested Returns
We consider Astor Star very steady. Astor Star Fund secures Sharpe Ratio (or Efficiency) of 0.0433, which signifies that the fund had a 0.0433% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Astor Star Fund, which you can use to evaluate the volatility of the entity. Please confirm Astor Star's Risk Adjusted Performance of 0.0417, downside deviation of 0.5885, and Mean Deviation of 0.399 to double-check if the risk estimate we provide is consistent with the expected return of 0.0212%. The fund shows a Beta (market volatility) of 0.7, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Astor Star's returns are expected to increase less than the market. However, during the bear market, the loss of holding Astor Star is expected to be smaller as well.
Auto-correlation | 0.04 |
Virtually no predictability
Astor Star Fund has virtually no predictability. Overlapping area represents the amount of predictability between Astor Star time series from 2nd of April 2024 to 17th of April 2024 and 17th of April 2024 to 2nd of May 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 Astor Star Fund price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Astor Star price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Astor Star Fund lagged returns against current returns
Autocorrelation, which is Astor Star 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 Astor Star's mutual fund expected returns. We can calculate the autocorrelation of Astor Star returns to help us make a trade decision. For example, suppose you find that Astor Star 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 |
Astor Star 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 Astor Star mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Astor Star mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Astor Star mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Astor Star Lagged Returns
When evaluating Astor Star's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Astor Star mutual fund have on its future price. Astor Star 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, Astor Star autocorrelation shows the relationship between Astor Star mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Astor Star Fund.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Astor Star Correlation, Astor Star Volatility and Astor Star Alpha and Beta module to complement your research on Astor Star. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Astor Star 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.