Ab New York Fund Market Value
| ALNVX Fund | USD 9.40 0.02 0.21% |
| Symbol | ALNVX |
Ab New '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 Ab New'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 Ab New.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Ab New on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Ab New York or generate 0.0% return on investment in Ab New over 30 days. Ab New is related to or competes with Small Cap, Pgim Jennison, Harbor Diversified, Davenport Small, T Rowe, and Oppenheimer International. The fund invests at least 80 percent of its net assets in municipal securities that pay interest that is exempt from fed... More
Ab New 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 Ab New'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 Ab New York upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3455 | |||
| Information Ratio | (0.51) | |||
| Maximum Drawdown | 1.29 | |||
| Value At Risk | (0.32) | |||
| Potential Upside | 0.3229 |
Ab New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ab New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ab New's standard deviation. In reality, there are many statistical measures that can use Ab New historical prices to predict the future Ab New's volatility.| Risk Adjusted Performance | 0.0154 | |||
| Jensen Alpha | 0.0123 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.33) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ab New'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.
Ab New York Backtested Returns
At this stage we consider ALNVX Mutual Fund to be very steady. Ab New York retains Efficiency (Sharpe Ratio) of 0.0312, which signifies that the fund had a 0.0312% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for Ab New, which you can use to evaluate the volatility of the entity. Please confirm Ab New's Coefficient Of Variation of 1934.89, standard deviation of 0.2239, and Market Risk Adjusted Performance of (0.01) to double-check if the risk estimate we provide is consistent with the expected return of 0.007%. The fund owns a Beta (Systematic Risk) of -0.0932, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ab New are expected to decrease at a much lower rate. During the bear market, Ab New is likely to outperform the market.
Auto-correlation | 0.50 |
Modest predictability
Ab New York has modest predictability. Overlapping area represents the amount of predictability between Ab New time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Ab New York price movement. The serial correlation of 0.5 indicates that about 50.0% of current Ab New price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ab New York lagged returns against current returns
Autocorrelation, which is Ab New 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 Ab New's mutual fund expected returns. We can calculate the autocorrelation of Ab New returns to help us make a trade decision. For example, suppose you find that Ab New 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 |
Ab New 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 Ab New mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ab New mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ab New mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ab New Lagged Returns
When evaluating Ab New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ab New mutual fund have on its future price. Ab New 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, Ab New autocorrelation shows the relationship between Ab New mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ab New York.
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 ALNVX Mutual Fund
Ab New financial ratios help investors to determine whether ALNVX 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 ALNVX with respect to the benefits of owning Ab New security.
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