Cm Modity Index Fund Market Value

COMIX Fund  USD 70.03  0.08  0.11%   
Cm Commodity's market value is the price at which a share of Cm Commodity trades on a public exchange. It measures the collective expectations of Cm Modity Index investors about its performance. Cm Commodity is trading at 70.03 as of the 2nd of December 2024; that is 0.11 percent decrease since the beginning of the trading day. The fund's open price was 70.11.
With this module, you can estimate the performance of a buy and hold strategy of Cm Modity Index and determine expected loss or profit from investing in Cm Commodity over a given investment horizon. Check out Cm Commodity Correlation, Cm Commodity Volatility and Cm Commodity Alpha and Beta module to complement your research on Cm Commodity.
Symbol

Please note, there is a significant difference between Cm Commodity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cm Commodity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cm Commodity'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.

Cm Commodity '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 Cm Commodity'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 Cm Commodity.
0.00
12/13/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/02/2024
0.00
If you would invest  0.00  in Cm Commodity on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Cm Modity Index or generate 0.0% return on investment in Cm Commodity over 720 days. Cm Commodity is related to or competes with Lord Abbett. The fund invests in instruments that derive their value from the performance of the UBS Constant Maturity Commodity Tota... More

Cm Commodity 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 Cm Commodity'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 Cm Modity Index upside and downside potential and time the market with a certain degree of confidence.

Cm Commodity Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Cm Commodity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cm Commodity's standard deviation. In reality, there are many statistical measures that can use Cm Commodity historical prices to predict the future Cm Commodity's volatility.
Hype
Prediction
LowEstimatedHigh
69.2470.0370.82
Details
Intrinsic
Valuation
LowRealHigh
63.5864.3777.03
Details
Naive
Forecast
LowNextHigh
68.6269.4170.21
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
69.0870.4271.76
Details

Cm Modity Index Backtested Returns

At this stage we consider COMIX Mutual Fund to be very steady. Cm Modity Index retains Efficiency (Sharpe Ratio) of 0.0656, which signifies that the fund had a 0.0656% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for Cm Commodity, which you can use to evaluate the volatility of the entity. Please confirm Cm Commodity's Market Risk Adjusted Performance of (0.39), standard deviation of 0.8063, and Coefficient Of Variation of 2662.66 to double-check if the risk estimate we provide is consistent with the expected return of 0.0521%. The fund owns a Beta (Systematic Risk) of -0.0509, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cm Commodity are expected to decrease at a much lower rate. During the bear market, Cm Commodity is likely to outperform the market.

Auto-correlation

    
  -0.53  

Good reverse predictability

Cm Modity Index has good reverse predictability. Overlapping area represents the amount of predictability between Cm Commodity time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Cm Modity Index price movement. The serial correlation of -0.53 indicates that about 53.0% of current Cm Commodity price fluctuation can be explain by its past prices.
Correlation Coefficient-0.53
Spearman Rank Test0.09
Residual Average0.0
Price Variance4.72

Cm Modity Index lagged returns against current returns

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

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

Cm Commodity Lagged Returns

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

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Other Information on Investing in COMIX Mutual Fund

Cm Commodity financial ratios help investors to determine whether COMIX 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 COMIX with respect to the benefits of owning Cm Commodity security.
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