Short Intermediate Bond Fund Market Value
| FOSPX Fund | USD 9.08 0.01 0.11% |
| Symbol | Short-intermediate |
Short-intermediate '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 Short-intermediate'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 Short-intermediate.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Short-intermediate on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Short Intermediate Bond Fund or generate 0.0% return on investment in Short-intermediate over 30 days. Short-intermediate is related to or competes with Blackrock Health, Baron Health, Invesco Global, Tekla Healthcare, Deutsche Health, and Blackrock Health. Under normal market conditions, the Advisor intends to invest primarily all, but must invest at least 80, of its net ass... More
Short-intermediate 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 Short-intermediate'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 Short Intermediate Bond Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1407 | |||
| Information Ratio | (0.97) | |||
| Maximum Drawdown | 0.5516 | |||
| Value At Risk | (0.11) | |||
| Potential Upside | 0.221 |
Short-intermediate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Short-intermediate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Short-intermediate's standard deviation. In reality, there are many statistical measures that can use Short-intermediate historical prices to predict the future Short-intermediate's volatility.| Risk Adjusted Performance | 0.0107 | |||
| Jensen Alpha | (0.0005) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.81) | |||
| Treynor Ratio | 0.021 |
Short Intermediate Bond Backtested Returns
At this stage we consider Short-intermediate Mutual Fund to be very steady. Short Intermediate Bond owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0313, which indicates the fund had a 0.0313% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Short Intermediate Bond Fund, which you can use to evaluate the volatility of the fund. Please validate Short-intermediate's Downside Deviation of 0.1407, risk adjusted performance of 0.0107, and Standard Deviation of 0.1173 to confirm if the risk estimate we provide is consistent with the expected return of 0.0036%. The entity has a beta of 0.0054, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Short-intermediate's returns are expected to increase less than the market. However, during the bear market, the loss of holding Short-intermediate is expected to be smaller as well.
Auto-correlation | -0.67 |
Very good reverse predictability
Short Intermediate Bond Fund has very good reverse predictability. Overlapping area represents the amount of predictability between Short-intermediate time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Short Intermediate Bond price movement. The serial correlation of -0.67 indicates that around 67.0% of current Short-intermediate price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Short Intermediate Bond lagged returns against current returns
Autocorrelation, which is Short-intermediate 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 Short-intermediate's mutual fund expected returns. We can calculate the autocorrelation of Short-intermediate returns to help us make a trade decision. For example, suppose you find that Short-intermediate 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 |
Short-intermediate 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 Short-intermediate mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Short-intermediate mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Short-intermediate mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Short-intermediate Lagged Returns
When evaluating Short-intermediate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Short-intermediate mutual fund have on its future price. Short-intermediate 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, Short-intermediate autocorrelation shows the relationship between Short-intermediate mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Short Intermediate Bond Fund.
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 Short-intermediate Mutual Fund
Short-intermediate financial ratios help investors to determine whether Short-intermediate 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 Short-intermediate with respect to the benefits of owning Short-intermediate security.
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. |