Morningstar Aggressive Growth Fund Market Value
| AGTFX Fund | USD 16.32 0.10 0.62% |
| Symbol | Morningstar |
Morningstar Aggressive '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 Morningstar Aggressive'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 Morningstar Aggressive.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Morningstar Aggressive on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Morningstar Aggressive Growth or generate 0.0% return on investment in Morningstar Aggressive over 90 days. Morningstar Aggressive is related to or competes with Franklin Adjustable, Government Securities, Goldman Sachs, Blackrock, Us Government, and Lord Abbett. Morningstar Aggressive is entity of United States More
Morningstar Aggressive 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 Morningstar Aggressive'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 Morningstar Aggressive Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7142 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 3.06 | |||
| Value At Risk | (0.88) | |||
| Potential Upside | 1.15 |
Morningstar Aggressive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Morningstar Aggressive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Morningstar Aggressive's standard deviation. In reality, there are many statistical measures that can use Morningstar Aggressive historical prices to predict the future Morningstar Aggressive's volatility.| Risk Adjusted Performance | 0.0825 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.0908 |
Morningstar Aggressive Backtested Returns
At this stage we consider Morningstar Mutual Fund to be very steady. Morningstar Aggressive has Sharpe Ratio of 0.15, which conveys that the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Morningstar Aggressive, which you can use to evaluate the volatility of the fund. Please verify Morningstar Aggressive's Mean Deviation of 0.5155, risk adjusted performance of 0.0825, and Downside Deviation of 0.7142 to check out if the risk estimate we provide is consistent with the expected return of 0.0958%. The fund secures a Beta (Market Risk) of 0.71, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Morningstar Aggressive's returns are expected to increase less than the market. However, during the bear market, the loss of holding Morningstar Aggressive is expected to be smaller as well.
Auto-correlation | 0.53 |
Modest predictability
Morningstar Aggressive Growth has modest predictability. Overlapping area represents the amount of predictability between Morningstar Aggressive time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 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 Morningstar Aggressive price movement. The serial correlation of 0.53 indicates that about 53.0% of current Morningstar Aggressive price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Morningstar Aggressive lagged returns against current returns
Autocorrelation, which is Morningstar Aggressive 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 Morningstar Aggressive's mutual fund expected returns. We can calculate the autocorrelation of Morningstar Aggressive returns to help us make a trade decision. For example, suppose you find that Morningstar Aggressive 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 |
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Morningstar Aggressive 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 Morningstar Aggressive mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Morningstar Aggressive mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Morningstar Aggressive mutual fund over time.
Current vs Lagged Prices |
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Morningstar Aggressive Lagged Returns
When evaluating Morningstar Aggressive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Morningstar Aggressive mutual fund have on its future price. Morningstar Aggressive 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, Morningstar Aggressive autocorrelation shows the relationship between Morningstar Aggressive mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Morningstar Aggressive Growth.
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 Morningstar Mutual Fund
Morningstar Aggressive financial ratios help investors to determine whether Morningstar 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 Morningstar with respect to the benefits of owning Morningstar Aggressive security.
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated |