Mkeax Fund Market Value
| MKEAX Fund | 15.60 0.15 0.97% |
| Symbol | Mkeax |
Mkeax '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 Mkeax'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 Mkeax.
| 04/30/2025 |
| 07/29/2025 |
If you would invest 0.00 in Mkeax on April 30, 2025 and sell it all today you would earn a total of 0.00 from holding Mkeax or generate 0.0% return on investment in Mkeax over 90 days. Mkeax is related to or competes with Highland Longshort, Invesco Global, Alphacentric Lifesci, Alger Health, Lord Abbett, Putnam Global, and Eventide Healthcare. The fund seeks to achieve its investment objective through a fully managed investment policy utilizing global equity sec... More
Mkeax 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 Mkeax'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 Mkeax upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7216 | |||
| Information Ratio | 0.1369 | |||
| Maximum Drawdown | 5.46 | |||
| Value At Risk | (0.92) | |||
| Potential Upside | 2.36 |
Mkeax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mkeax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mkeax's standard deviation. In reality, there are many statistical measures that can use Mkeax historical prices to predict the future Mkeax's volatility.| Risk Adjusted Performance | 0.2713 | |||
| Jensen Alpha | 0.1406 | |||
| Total Risk Alpha | 0.0795 | |||
| Sortino Ratio | 0.1892 | |||
| Treynor Ratio | 0.343 |
Mkeax Backtested Returns
Mkeax appears to be very steady, given 3 months investment horizon. Mkeax has Sharpe Ratio of 0.28, which conveys that the entity had a 0.28 % return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Mkeax, which you can use to evaluate the volatility of the fund. Please exercise Mkeax's Risk Adjusted Performance of 0.2713, mean deviation of 0.7576, and Coefficient Of Variation of 288.32 to check out if our risk estimates are consistent with your expectations. The fund secures a Beta (Market Risk) of 0.98, which conveys possible diversification benefits within a given portfolio. Mkeax returns are very sensitive to returns on the market. As the market goes up or down, Mkeax is expected to follow.
Auto-correlation | 0.91 |
Excellent predictability
Mkeax has excellent predictability. Overlapping area represents the amount of predictability between Mkeax time series from 30th of April 2025 to 14th of June 2025 and 14th of June 2025 to 29th 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 Mkeax price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current Mkeax price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Mkeax lagged returns against current returns
Autocorrelation, which is Mkeax 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 Mkeax's mutual fund expected returns. We can calculate the autocorrelation of Mkeax returns to help us make a trade decision. For example, suppose you find that Mkeax 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 |
Mkeax 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 Mkeax mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mkeax mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mkeax mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mkeax Lagged Returns
When evaluating Mkeax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mkeax mutual fund have on its future price. Mkeax 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, Mkeax autocorrelation shows the relationship between Mkeax mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mkeax.
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 Mkeax Mutual Fund
Mkeax financial ratios help investors to determine whether Mkeax 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 Mkeax with respect to the benefits of owning Mkeax security.
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