Technology Munications Portfolio Fund Market Value
| STPAX Fund | USD 24.11 0.09 0.37% |
| Symbol | Technology |
Technology Munications '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 Technology Munications' 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 Technology Munications.
| 10/11/2024 |
| 11/10/2024 |
If you would invest 0.00 in Technology Munications on October 11, 2024 and sell it all today you would earn a total of 0.00 from holding Technology Munications Portfolio or generate 0.0% return on investment in Technology Munications over 30 days. Technology Munications is related to or competes with VivoPower International, WEBTOON Entertainment, Exela Technologies, Salient Alternative, Aggressive Balanced, Salient Alternative, and Moderately Aggressive. The fund will normally invest at least 80 percent of its total assets in equity securities issued by technology and comm... More
Technology Munications 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 Technology Munications' 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 Technology Munications Portfolio upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.2 | |||
| Information Ratio | 0.0497 | |||
| Maximum Drawdown | 5.46 | |||
| Value At Risk | (1.63) | |||
| Potential Upside | 2.05 |
Technology Munications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Technology Munications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Technology Munications' standard deviation. In reality, there are many statistical measures that can use Technology Munications historical prices to predict the future Technology Munications' volatility.| Risk Adjusted Performance | 0.157 | |||
| Jensen Alpha | 0.0342 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0456 | |||
| Treynor Ratio | 0.1884 |
Technology Munications Backtested Returns
Technology Munications appears to be very steady, given 3 months investment horizon. Technology Munications owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates the fund had a 0.2% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Technology Munications Portfolio, which you can use to evaluate the volatility of the fund. Please review Technology Munications' Risk Adjusted Performance of 0.157, coefficient of variation of 493.02, and Semi Deviation of 0.8793 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 1.13, which indicates a somewhat significant risk relative to the market. Technology Munications returns are very sensitive to returns on the market. As the market goes up or down, Technology Munications is expected to follow.
Auto-correlation | -0.61 |
Very good reverse predictability
Technology Munications Portfolio has very good reverse predictability. Overlapping area represents the amount of predictability between Technology Munications time series from 11th of October 2024 to 26th of October 2024 and 26th of October 2024 to 10th of November 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 Technology Munications price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Technology Munications price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Technology Munications lagged returns against current returns
Autocorrelation, which is Technology Munications 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 Technology Munications' mutual fund expected returns. We can calculate the autocorrelation of Technology Munications returns to help us make a trade decision. For example, suppose you find that Technology Munications 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 |
Technology Munications 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 Technology Munications mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Technology Munications mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Technology Munications mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Technology Munications Lagged Returns
When evaluating Technology Munications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Technology Munications mutual fund have on its future price. Technology Munications 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, Technology Munications autocorrelation shows the relationship between Technology Munications mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Technology Munications Portfolio.
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 Technology Mutual Fund
Technology Munications financial ratios help investors to determine whether Technology 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 Technology with respect to the benefits of owning Technology Munications security.
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