Diversified Bond Fund Market Value
| CDBCX Fund | USD 9.34 0.08 0.85% |
| Symbol | Diversified |
Diversified Bond '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 Diversified Bond'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 Diversified Bond.
| 08/07/2024 |
| 10/06/2024 |
If you would invest 0.00 in Diversified Bond on August 7, 2024 and sell it all today you would earn a total of 0.00 from holding Diversified Bond Fund or generate 0.0% return on investment in Diversified Bond over 60 days. Diversified Bond is related to or competes with Mid Cap, Equity Growth, Income Growth, Emerging Markets, Short Term, Value Fund, and Ultra Fund. Under normal market conditions, the fund invests at least 80 percent of its net assets in high- and medium-grade, non-mo... More
Diversified Bond 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 Diversified Bond'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 Diversified Bond Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3199 | |||
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 1.73 | |||
| Value At Risk | (0.43) | |||
| Potential Upside | 0.5525 |
Diversified Bond Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Diversified Bond's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Diversified Bond's standard deviation. In reality, there are many statistical measures that can use Diversified Bond historical prices to predict the future Diversified Bond's volatility.| Risk Adjusted Performance | 0.1249 | |||
| Jensen Alpha | 0.0479 | |||
| Total Risk Alpha | 0.0035 | |||
| Sortino Ratio | (0.19) | |||
| Treynor Ratio | (4.45) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Diversified Bond'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.
Diversified Bond Backtested Returns
At this stage we consider Diversified Mutual Fund to be very steady. Diversified Bond secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the fund had a 0.15% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Diversified Bond Fund, which you can use to evaluate the volatility of the entity. Please confirm Diversified Bond's Downside Deviation of 0.3199, coefficient of variation of 582.72, and Mean Deviation of 0.2547 to check if the risk estimate we provide is consistent with the expected return of 0.0491%. The fund shows a Beta (market volatility) of -0.0105, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Diversified Bond are expected to decrease at a much lower rate. During the bear market, Diversified Bond is likely to outperform the market.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Diversified Bond Fund has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Diversified Bond time series from 7th of August 2024 to 6th of September 2024 and 6th of September 2024 to 6th of October 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 Diversified Bond price movement. The serial correlation of -0.76 indicates that around 76.0% of current Diversified Bond price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Diversified Bond lagged returns against current returns
Autocorrelation, which is Diversified Bond 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 Diversified Bond's mutual fund expected returns. We can calculate the autocorrelation of Diversified Bond returns to help us make a trade decision. For example, suppose you find that Diversified Bond 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 |
Diversified Bond 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 Diversified Bond mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Diversified Bond mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Diversified Bond mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Diversified Bond Lagged Returns
When evaluating Diversified Bond's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Diversified Bond mutual fund have on its future price. Diversified Bond 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, Diversified Bond autocorrelation shows the relationship between Diversified Bond mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Diversified Bond Fund.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Diversified Mutual Fund
Diversified Bond financial ratios help investors to determine whether Diversified Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Diversified with respect to the benefits of owning Diversified Bond security.
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