The Arbitrage Credit Fund Market Value

ACFIX Fund  USD 9.76  0.01  0.10%   
The Arbitrage's market value is the price at which a share of The Arbitrage trades on a public exchange. It measures the collective expectations of The Arbitrage Credit investors about its performance. The Arbitrage is trading at 9.76 as of the 1st of December 2024; that is 0.10 percent increase since the beginning of the trading day. The fund's open price was 9.75.
With this module, you can estimate the performance of a buy and hold strategy of The Arbitrage Credit and determine expected loss or profit from investing in The Arbitrage over a given investment horizon. Check out The Arbitrage Correlation, The Arbitrage Volatility and The Arbitrage Alpha and Beta module to complement your research on The Arbitrage.
Symbol

Please note, there is a significant difference between The Arbitrage's value and its price as these two are different measures arrived at by different means. Investors typically determine if The Arbitrage is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, The Arbitrage's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

The Arbitrage '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 The Arbitrage'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 The Arbitrage.
0.00
12/12/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/01/2024
0.00
If you would invest  0.00  in The Arbitrage on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding The Arbitrage Credit or generate 0.0% return on investment in The Arbitrage over 720 days. The Arbitrage is related to or competes with Doubleline Emerging, Ep Emerging, Aqr Long-short, Transamerica Emerging, Barings Emerging, Sp Midcap, and Ab All. The fund invests primarily in a portfolio of debt securities including corporate bonds and debentures , bank loans, conv... More

The Arbitrage 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 The Arbitrage'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 The Arbitrage Credit upside and downside potential and time the market with a certain degree of confidence.

The Arbitrage Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for The Arbitrage's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as The Arbitrage's standard deviation. In reality, there are many statistical measures that can use The Arbitrage historical prices to predict the future The Arbitrage's volatility.
Hype
Prediction
LowEstimatedHigh
9.689.769.84
Details
Intrinsic
Valuation
LowRealHigh
8.898.9710.74
Details
Naive
Forecast
LowNextHigh
9.669.749.83
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
9.759.769.76
Details

Arbitrage Credit Backtested Returns

At this stage we consider The Mutual Fund to be very steady. Arbitrage Credit owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the fund had a 0.16% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for The Arbitrage Credit, which you can use to evaluate the volatility of the fund. Please validate The Arbitrage's Downside Deviation of 0.109, standard deviation of 0.0939, and Risk Adjusted Performance of 0.0816 to confirm if the risk estimate we provide is consistent with the expected return of 0.0129%. The entity has a beta of -0.0081, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning the Arbitrage are expected to decrease at a much lower rate. During the bear market, the Arbitrage is likely to outperform the market.

Auto-correlation

    
  0.96  

Excellent predictability

The Arbitrage Credit has excellent predictability. Overlapping area represents the amount of predictability between The Arbitrage time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 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 Arbitrage Credit price movement. The serial correlation of 0.96 indicates that 96.0% of current The Arbitrage price fluctuation can be explain by its past prices.
Correlation Coefficient0.96
Spearman Rank Test0.97
Residual Average0.0
Price Variance0.02

Arbitrage Credit lagged returns against current returns

Autocorrelation, which is The Arbitrage 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 The Arbitrage's mutual fund expected returns. We can calculate the autocorrelation of The Arbitrage returns to help us make a trade decision. For example, suppose you find that The Arbitrage 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  

The Arbitrage 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 The Arbitrage mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if The Arbitrage mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in The Arbitrage mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

The Arbitrage Lagged Returns

When evaluating The Arbitrage's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of The Arbitrage mutual fund have on its future price. The Arbitrage 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, The Arbitrage autocorrelation shows the relationship between The Arbitrage mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The Arbitrage Credit.
   Regressed Prices   
       Timeline  

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Other Information on Investing in The Mutual Fund

The Arbitrage financial ratios help investors to determine whether The 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 The with respect to the benefits of owning The Arbitrage security.
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