Intermediate Bond Fund Market Value
| IBFCX Fund | USD 12.59 0.01 0.08% |
| Symbol | INTERMEDIATE |
Intermediate 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 Intermediate 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 Intermediate Bond.
| 09/13/2024 |
| 10/13/2024 |
If you would invest 0.00 in Intermediate Bond on September 13, 2024 and sell it all today you would earn a total of 0.00 from holding Intermediate Bond Fund or generate 0.0% return on investment in Intermediate Bond over 30 days. Intermediate Bond is related to or competes with Income Fund, New World, American Mutual, American Mutual, American Funds, American Funds, and Income Fund. The fund maintains a portfolio of bonds, other debt securities and money market instruments having a dollar-weighted ave... More
Intermediate 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 Intermediate 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 Intermediate Bond Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2385 | |||
| Information Ratio | (0.38) | |||
| Maximum Drawdown | 1.59 | |||
| Value At Risk | (0.24) | |||
| Potential Upside | 0.3187 |
Intermediate Bond Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Intermediate Bond's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Intermediate Bond's standard deviation. In reality, there are many statistical measures that can use Intermediate Bond historical prices to predict the future Intermediate Bond's volatility.| Risk Adjusted Performance | 0.0898 | |||
| Jensen Alpha | 0.0261 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.36) | |||
| Treynor Ratio | (0.56) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Intermediate 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.
Intermediate Bond Backtested Returns
At this stage we consider INTERMEDIATE Mutual Fund to be very steady. Intermediate Bond holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Intermediate Bond, which you can use to evaluate the volatility of the entity. Please check out Intermediate Bond's Downside Deviation of 0.2385, market risk adjusted performance of (0.55), and Risk Adjusted Performance of 0.0898 to validate if the risk estimate we provide is consistent with the expected return of 0.0299%. The fund retains a Market Volatility (i.e., Beta) of -0.0391, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Intermediate Bond are expected to decrease at a much lower rate. During the bear market, Intermediate Bond is likely to outperform the market.
Auto-correlation | 0.39 |
Below average predictability
Intermediate Bond Fund has below average predictability. Overlapping area represents the amount of predictability between Intermediate Bond time series from 13th of September 2024 to 28th of September 2024 and 28th of September 2024 to 13th 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 Intermediate Bond price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Intermediate Bond price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Intermediate Bond lagged returns against current returns
Autocorrelation, which is Intermediate 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 Intermediate Bond's mutual fund expected returns. We can calculate the autocorrelation of Intermediate Bond returns to help us make a trade decision. For example, suppose you find that Intermediate 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 |
Intermediate 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 Intermediate Bond mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Intermediate 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 Intermediate Bond mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Intermediate Bond Lagged Returns
When evaluating Intermediate Bond's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Intermediate Bond mutual fund have on its future price. Intermediate 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, Intermediate Bond autocorrelation shows the relationship between Intermediate Bond mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Intermediate 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 INTERMEDIATE Mutual Fund
Intermediate Bond financial ratios help investors to determine whether INTERMEDIATE 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 INTERMEDIATE with respect to the benefits of owning Intermediate Bond security.
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators |