Madison Ered Call Fund Market Value
| MENAX Fund | USD 8.95 0.01 0.11% |
| Symbol | Madison |
Madison Covered '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 Madison Covered'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 Madison Covered.
| 04/27/2025 |
| 07/26/2025 |
If you would invest 0.00 in Madison Covered on April 27, 2025 and sell it all today you would earn a total of 0.00 from holding Madison Ered Call or generate 0.0% return on investment in Madison Covered over 90 days. Madison Covered is related to or competes with Columbia Convertible, Gabelli Convertible, Lord Abbett, Virtus Convertible, and Calamos Dynamic. The fund invests, under normal conditions, primarily in common stocks of large- and mid-capitalization issuers that are,... More
Madison Covered 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 Madison Covered'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 Madison Ered Call upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5157 | |||
| Information Ratio | 0.0109 | |||
| Maximum Drawdown | 3.81 | |||
| Value At Risk | (0.60) | |||
| Potential Upside | 1.51 |
Madison Covered Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Madison Covered's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Madison Covered's standard deviation. In reality, there are many statistical measures that can use Madison Covered historical prices to predict the future Madison Covered's volatility.| Risk Adjusted Performance | 0.2541 | |||
| Jensen Alpha | 0.2056 | |||
| Total Risk Alpha | 0.0378 | |||
| Sortino Ratio | 0.0138 | |||
| Treynor Ratio | 41.31 |
Madison Ered Call Backtested Returns
At this stage we consider Madison Mutual Fund to be very steady. Madison Ered Call has Sharpe Ratio of 0.27, which conveys that the entity had a 0.27 % return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Madison Covered, which you can use to evaluate the volatility of the fund. Please verify Madison Covered's Coefficient Of Variation of 303.18, mean deviation of 0.4906, and Risk Adjusted Performance of 0.2541 to check out if the risk estimate we provide is consistent with the expected return of 0.17%. The fund secures a Beta (Market Risk) of 0.005, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Madison Covered's returns are expected to increase less than the market. However, during the bear market, the loss of holding Madison Covered is expected to be smaller as well.
Auto-correlation | 0.56 |
Modest predictability
Madison Ered Call has modest predictability. Overlapping area represents the amount of predictability between Madison Covered time series from 27th of April 2025 to 11th of June 2025 and 11th of June 2025 to 26th 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 Madison Ered Call price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Madison Covered price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Madison Ered Call lagged returns against current returns
Autocorrelation, which is Madison Covered 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 Madison Covered's mutual fund expected returns. We can calculate the autocorrelation of Madison Covered returns to help us make a trade decision. For example, suppose you find that Madison Covered 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 |
Madison Covered 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 Madison Covered mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Madison Covered mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Madison Covered mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Madison Covered Lagged Returns
When evaluating Madison Covered's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Madison Covered mutual fund have on its future price. Madison Covered 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, Madison Covered autocorrelation shows the relationship between Madison Covered mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Madison Ered Call.
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 Madison Mutual Fund
Madison Covered financial ratios help investors to determine whether Madison 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 Madison with respect to the benefits of owning Madison Covered security.
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets |