Elfun Trusts Elfun Fund Market Value
| ELFNX Fund | USD 99.55 0.47 0.47% |
| Symbol | Elfun |
Elfun Trusts '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 Elfun Trusts' 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 Elfun Trusts.
| 12/17/2023 |
| 12/11/2024 |
If you would invest 0.00 in Elfun Trusts on December 17, 2023 and sell it all today you would earn a total of 0.00 from holding Elfun Trusts Elfun or generate 0.0% return on investment in Elfun Trusts over 360 days. Elfun Trusts is related to or competes with Elfun International, Elfun Income, Elfun Diversified, Elfun Tax, and Prudential Jennison. The fund seeks to achieve its investment objectives by investing in equity securities of U.S More
Elfun Trusts 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 Elfun Trusts' 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 Elfun Trusts Elfun upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7405 | |||
| Information Ratio | 0.0169 | |||
| Maximum Drawdown | 4.1 | |||
| Value At Risk | (1.01) | |||
| Potential Upside | 1.27 |
Elfun Trusts Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elfun Trusts' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elfun Trusts' standard deviation. In reality, there are many statistical measures that can use Elfun Trusts historical prices to predict the future Elfun Trusts' volatility.| Risk Adjusted Performance | 0.1413 | |||
| Jensen Alpha | 0.0459 | |||
| Total Risk Alpha | 0.0162 | |||
| Sortino Ratio | 0.0159 | |||
| Treynor Ratio | 0.1799 |
Elfun Trusts Elfun Backtested Returns
At this stage we consider Elfun Mutual Fund to be very steady. Elfun Trusts Elfun secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the fund had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Elfun Trusts Elfun, which you can use to evaluate the volatility of the entity. Please confirm Elfun Trusts' Mean Deviation of 0.4758, coefficient of variation of 509.79, and Downside Deviation of 0.7405 to check if the risk estimate we provide is consistent with the expected return of 0.1%. The fund shows a Beta (market volatility) of 0.7, which means possible diversification benefits within a given portfolio. As returns on the market increase, Elfun Trusts' returns are expected to increase less than the market. However, during the bear market, the loss of holding Elfun Trusts is expected to be smaller as well.
Auto-correlation | 0.64 |
Good predictability
Elfun Trusts Elfun has good predictability. Overlapping area represents the amount of predictability between Elfun Trusts time series from 17th of December 2023 to 14th of June 2024 and 14th of June 2024 to 11th 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 Elfun Trusts Elfun price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Elfun Trusts price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 8.95 |
Elfun Trusts Elfun lagged returns against current returns
Autocorrelation, which is Elfun Trusts 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 Elfun Trusts' mutual fund expected returns. We can calculate the autocorrelation of Elfun Trusts returns to help us make a trade decision. For example, suppose you find that Elfun Trusts 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 |
Elfun Trusts 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 Elfun Trusts mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elfun Trusts mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elfun Trusts mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Elfun Trusts Lagged Returns
When evaluating Elfun Trusts' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elfun Trusts mutual fund have on its future price. Elfun Trusts 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, Elfun Trusts autocorrelation shows the relationship between Elfun Trusts mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Elfun Trusts Elfun.
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 Elfun Mutual Fund
Elfun Trusts financial ratios help investors to determine whether Elfun 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 Elfun with respect to the benefits of owning Elfun Trusts security.
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