Defense And Aerospace Fund Market Value
| FSDAX Fund | USD 24.52 0.19 0.78% |
| Symbol | Defense |
Defense '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 Defense'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 Defense.
| 04/29/2025 |
| 07/28/2025 |
If you would invest 0.00 in Defense on April 29, 2025 and sell it all today you would earn a total of 0.00 from holding Defense And Aerospace or generate 0.0% return on investment in Defense over 90 days. Defense is related to or competes with Chemicals Portfolio, Construction, Retailing Portfolio, Health Care, and Transportation Portfolio. The fund invests primarily in common stocks More
Defense 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 Defense'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 Defense And Aerospace upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8961 | |||
| Information Ratio | 0.2725 | |||
| Maximum Drawdown | 4.56 | |||
| Value At Risk | (1.08) | |||
| Potential Upside | 1.95 |
Defense Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Defense's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Defense's standard deviation. In reality, there are many statistical measures that can use Defense historical prices to predict the future Defense's volatility.| Risk Adjusted Performance | 0.3896 | |||
| Jensen Alpha | 0.335 | |||
| Total Risk Alpha | 0.2136 | |||
| Sortino Ratio | 0.2798 | |||
| Treynor Ratio | 0.7795 |
Defense And Aerospace Backtested Returns
Defense appears to be very steady, given 3 months investment horizon. Defense And Aerospace secures Sharpe Ratio (or Efficiency) of 0.43, which denotes the fund had a 0.43 % return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Defense And Aerospace, which you can use to evaluate the volatility of the entity. Please utilize Defense's Coefficient Of Variation of 199.94, standard deviation of 0.92, and Mean Deviation of 0.6926 to check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 0.58, which means possible diversification benefits within a given portfolio. As returns on the market increase, Defense's returns are expected to increase less than the market. However, during the bear market, the loss of holding Defense is expected to be smaller as well.
Auto-correlation | 0.95 |
Excellent predictability
Defense And Aerospace has excellent predictability. Overlapping area represents the amount of predictability between Defense time series from 29th of April 2025 to 13th of June 2025 and 13th of June 2025 to 28th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Defense And Aerospace price movement. The serial correlation of 0.95 indicates that approximately 95.0% of current Defense price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.95 | |
| Spearman Rank Test | 0.94 | |
| Residual Average | 0.0 | |
| Price Variance | 0.62 |
Defense And Aerospace lagged returns against current returns
Autocorrelation, which is Defense 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 Defense's mutual fund expected returns. We can calculate the autocorrelation of Defense returns to help us make a trade decision. For example, suppose you find that Defense 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 |
Defense 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 Defense mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Defense mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Defense mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Defense Lagged Returns
When evaluating Defense's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Defense mutual fund have on its future price. Defense 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, Defense autocorrelation shows the relationship between Defense mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Defense And Aerospace.
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 Defense Mutual Fund
Defense financial ratios help investors to determine whether Defense 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 Defense with respect to the benefits of owning Defense security.
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