Acrex Fund Market Value
| ACREX Fund | 11.12 0.09 0.80% |
| Symbol | Acrex |
Acrex '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 Acrex'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 Acrex.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in Acrex on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding Acrex or generate 0.0% return on investment in Acrex over 30 days. Acrex is related to or competes with Lord Abbett, Fidelity Small, Applied Finance, Heartland Value, and Great West. Acrex is entity of United States. It is traded as Fund on NMFQS exchange. More
Acrex 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 Acrex'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 Acrex upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 9.21 | |||
| Value At Risk | (2.03) | |||
| Potential Upside | 1.22 |
Acrex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Acrex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Acrex's standard deviation. In reality, there are many statistical measures that can use Acrex historical prices to predict the future Acrex's volatility.| Risk Adjusted Performance | (0.20) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (1.98) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Acrex'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.
Acrex Backtested Returns
Acrex secures Sharpe Ratio (or Efficiency) of -0.32, which signifies that the fund had a -0.32% return per unit of risk over the last 3 months. Acrex exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Acrex's Risk Adjusted Performance of (0.20), standard deviation of 1.21, and Mean Deviation of 0.8361 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Acrex's returns are expected to increase less than the market. However, during the bear market, the loss of holding Acrex is expected to be smaller as well.
Auto-correlation | -0.58 |
Good reverse predictability
Acrex has good reverse predictability. Overlapping area represents the amount of predictability between Acrex time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th 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 Acrex price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Acrex price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Acrex lagged returns against current returns
Autocorrelation, which is Acrex 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 Acrex's mutual fund expected returns. We can calculate the autocorrelation of Acrex returns to help us make a trade decision. For example, suppose you find that Acrex 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 |
Acrex 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 Acrex mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Acrex mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Acrex mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Acrex Lagged Returns
When evaluating Acrex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Acrex mutual fund have on its future price. Acrex 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, Acrex autocorrelation shows the relationship between Acrex mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Acrex.
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 Acrex Mutual Fund
Acrex financial ratios help investors to determine whether Acrex 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 Acrex with respect to the benefits of owning Acrex security.
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