It Services Portfolio Fund Market Value
| FBSOX Fund | USD 69.64 0.01 0.01% |
| Symbol | FBSOX |
It Services '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 It Services' 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 It Services.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in It Services on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding It Services Portfolio or generate 0.0% return on investment in It Services over 30 days. It Services is related to or competes with Retailing Portfolio, Software And, Multimedia Portfolio, Chemicals Portfolio, and Leisure Portfolio. The fund normally invests primarily in common stocks More
It Services 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 It Services' 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 It Services Portfolio upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7699 | |||
| Information Ratio | 0.122 | |||
| Maximum Drawdown | 4.85 | |||
| Value At Risk | (1.05) | |||
| Potential Upside | 1.56 |
It Services Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for It Services' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as It Services' standard deviation. In reality, there are many statistical measures that can use It Services historical prices to predict the future It Services' volatility.| Risk Adjusted Performance | 0.221 | |||
| Jensen Alpha | 0.1192 | |||
| Total Risk Alpha | 0.0904 | |||
| Sortino Ratio | 0.1314 | |||
| Treynor Ratio | 0.2665 |
It Services Portfolio Backtested Returns
It Services appears to be very steady, given 3 months investment horizon. It Services Portfolio retains Efficiency (Sharpe Ratio) of 0.27, which attests that the entity had a 0.27% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for It Services, which you can use to evaluate the volatility of the entity. Please utilize It Services' Market Risk Adjusted Performance of 0.2765, semi deviation of 0.3476, and Standard Deviation of 0.8289 to validate if our risk estimates are consistent with your expectations. The fund owns a Beta (Systematic Risk) of 0.86, which attests to possible diversification benefits within a given portfolio. It Services returns are very sensitive to returns on the market. As the market goes up or down, It Services is expected to follow.
Auto-correlation | 0.98 |
Excellent predictability
It Services Portfolio has excellent predictability. Overlapping area represents the amount of predictability between It Services time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 It Services Portfolio price movement. The serial correlation of 0.98 indicates that 98.0% of current It Services price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.98 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 0.84 |
It Services Portfolio lagged returns against current returns
Autocorrelation, which is It Services 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 It Services' mutual fund expected returns. We can calculate the autocorrelation of It Services returns to help us make a trade decision. For example, suppose you find that It Services 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 |
It Services 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 It Services mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if It Services mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in It Services mutual fund over time.
Current vs Lagged Prices |
| Timeline |
It Services Lagged Returns
When evaluating It Services' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of It Services mutual fund have on its future price. It Services 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, It Services autocorrelation shows the relationship between It Services mutual fund current value and its past values and can show if there is a momentum factor associated with investing in It Services Portfolio.
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 FBSOX Mutual Fund
It Services financial ratios help investors to determine whether FBSOX 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 FBSOX with respect to the benefits of owning It Services security.
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