Fabxx Fund Market Value
| FABXX Fund | 1.00 0.54 35.06% |
| Symbol | Fabxx |
Please note, there is a significant difference between Fabxx's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fabxx is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fabxx'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.
Fabxx '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 Fabxx's money market 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 Fabxx.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Fabxx on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Fabxx or generate 0.0% return on investment in Fabxx over 360 days. Fabxx is related to or competes with Franklin High, Artisan High, Bbh Intermediate, Dreyfusstandish Global, and T Rowe. Fabxx is entity of United States. It is traded as Fund on NMFQS exchange. More
Fabxx 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 Fabxx's money market 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 Fabxx upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 31.87 | |||
| Value At Risk | (8.90) | |||
| Potential Upside | 6.22 |
Fabxx Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fabxx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fabxx's standard deviation. In reality, there are many statistical measures that can use Fabxx historical prices to predict the future Fabxx's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (1.11) | |||
| Total Risk Alpha | (2.14) | |||
| Treynor Ratio | 10.22 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fabxx'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.
Fabxx Backtested Returns
Fabxx secures Sharpe Ratio (or Efficiency) of -0.21, which denotes the fund had a -0.21% return per unit of standard deviation over the last 3 months. Fabxx exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fabxx's Standard Deviation of 6.4, mean deviation of 3.77, and Coefficient Of Variation of (573.90) to check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.11, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fabxx are expected to decrease at a much lower rate. During the bear market, Fabxx is likely to outperform the market.
Auto-correlation | 0.36 |
Below average predictability
Fabxx has below average predictability. Overlapping area represents the amount of predictability between Fabxx time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 Fabxx price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Fabxx price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Fabxx lagged returns against current returns
Autocorrelation, which is Fabxx money market 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 Fabxx's money market fund expected returns. We can calculate the autocorrelation of Fabxx returns to help us make a trade decision. For example, suppose you find that Fabxx has exhibited high autocorrelation historically, and you observe that the money market 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 |
Fabxx 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 Fabxx money market fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fabxx money market fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fabxx money market fund over time.
Current vs Lagged Prices |
| Timeline |
Fabxx Lagged Returns
When evaluating Fabxx's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fabxx money market fund have on its future price. Fabxx 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, Fabxx autocorrelation shows the relationship between Fabxx money market fund current value and its past values and can show if there is a momentum factor associated with investing in Fabxx.
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 Fabxx Money Market Fund
Fabxx financial ratios help investors to determine whether Fabxx Money Market 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 Fabxx with respect to the benefits of owning Fabxx security.
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