Community Reinvestment Act Fund Market Value

CRAIX Fund  USD 9.48  0.01  0.11%   
Community Reinvestment's market value is the price at which a share of Community Reinvestment trades on a public exchange. It measures the collective expectations of Community Reinvestment Act investors about its performance. Community Reinvestment is trading at 9.48 as of the 13th of December 2024; that is 0.11 percent down since the beginning of the trading day. The fund's open price was 9.49.
With this module, you can estimate the performance of a buy and hold strategy of Community Reinvestment Act and determine expected loss or profit from investing in Community Reinvestment over a given investment horizon. Check out Community Reinvestment Correlation, Community Reinvestment Volatility and Community Reinvestment Alpha and Beta module to complement your research on Community Reinvestment.
Symbol

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

Community Reinvestment '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 Community Reinvestment'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 Community Reinvestment.
0.00
12/24/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/13/2024
0.00
If you would invest  0.00  in Community Reinvestment on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Community Reinvestment Act or generate 0.0% return on investment in Community Reinvestment over 720 days. Community Reinvestment is related to or competes with California High, Ab Impact, Pace Municipal, Ishares Municipal, Counterpoint Tactical, Morningstar Municipal, and Blrc Sgy. The fund will invest at least 80 percent of its net assets in bonds, which include debt securities and other debt instru... More

Community Reinvestment 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 Community Reinvestment'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 Community Reinvestment Act upside and downside potential and time the market with a certain degree of confidence.

Community Reinvestment Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Community Reinvestment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Community Reinvestment's standard deviation. In reality, there are many statistical measures that can use Community Reinvestment historical prices to predict the future Community Reinvestment's volatility.
Hype
Prediction
LowEstimatedHigh
9.249.489.72
Details
Intrinsic
Valuation
LowRealHigh
9.259.499.73
Details
Naive
Forecast
LowNextHigh
9.259.499.73
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
9.349.439.53
Details

Community Reinvestment Backtested Returns

Community Reinvestment secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the fund had a -0.13% return per unit of risk over the last 3 months. Community Reinvestment Act exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Community Reinvestment's Mean Deviation of 0.1723, standard deviation of 0.2329, and Risk Adjusted Performance of (0.1) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0535, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Community Reinvestment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Community Reinvestment is expected to be smaller as well.

Auto-correlation

    
  -0.66  

Very good reverse predictability

Community Reinvestment Act has very good reverse predictability. Overlapping area represents the amount of predictability between Community Reinvestment time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Community Reinvestment price movement. The serial correlation of -0.66 indicates that around 66.0% of current Community Reinvestment price fluctuation can be explain by its past prices.
Correlation Coefficient-0.66
Spearman Rank Test-0.3
Residual Average0.0
Price Variance0.03

Community Reinvestment lagged returns against current returns

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

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

Community Reinvestment Lagged Returns

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

Community Reinvestment financial ratios help investors to determine whether Community 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 Community with respect to the benefits of owning Community Reinvestment security.
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