Money Market Obligations Fund Market Value
| FRFXX Fund | USD 1.00 0.00 0.00% |
| Symbol | Money |
Please note, there is a significant difference between Money Market's value and its price as these two are different measures arrived at by different means. Investors typically determine if Money Market is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Money Market'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.
Money Market '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 Money Market'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 Money Market.
| 10/25/2024 |
| 12/24/2024 |
If you would invest 0.00 in Money Market on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Money Market Obligations or generate 0.0% return on investment in Money Market over 60 days. Money Market is related to or competes with T Rowe, Alliancebernstein, Franklin High, Pace High, Ab Global, and Versatile Bond. Money Market is entity of United States. It is traded as Fund on NMFQS exchange. More
Money Market 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 Money Market'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 Money Market Obligations upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.01 |
Money Market Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Money Market's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Money Market's standard deviation. In reality, there are many statistical measures that can use Money Market historical prices to predict the future Money Market's volatility.| Risk Adjusted Performance | 0.0225 | |||
| Jensen Alpha | 0.0076 | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Money Market'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.
Money Market Obligations Backtested Returns
At this stage we consider Money Money Market Fund to be somewhat reliable. Money Market Obligations has Sharpe Ratio of 0.0434, which conveys that the entity had a 0.0434% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Money Market, which you can use to evaluate the volatility of the fund. Please verify Money Market's Standard Deviation of 0.3756, mean deviation of 0.0915, and Risk Adjusted Performance of 0.0225 to check out if the risk estimate we provide is consistent with the expected return of 0.0167%. The fund secures a Beta (Market Risk) of -0.0724, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Money Market are expected to decrease at a much lower rate. During the bear market, Money Market is likely to outperform the market.
Auto-correlation | 0.00 |
No correlation between past and present
Money Market Obligations has no correlation between past and present. Overlapping area represents the amount of predictability between Money Market time series from 25th of October 2024 to 24th of November 2024 and 24th of November 2024 to 24th 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 Money Market Obligations price movement. The serial correlation of 0.0 indicates that just 0.0% of current Money Market price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.98 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Money Market Obligations lagged returns against current returns
Autocorrelation, which is Money Market 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 Money Market's money market fund expected returns. We can calculate the autocorrelation of Money Market returns to help us make a trade decision. For example, suppose you find that Money Market 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 |
Money Market 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 Money Market money market fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Money Market 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 Money Market money market fund over time.
Current vs Lagged Prices |
| Timeline |
Money Market Lagged Returns
When evaluating Money Market's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Money Market money market fund have on its future price. Money Market 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, Money Market autocorrelation shows the relationship between Money Market money market fund current value and its past values and can show if there is a momentum factor associated with investing in Money Market Obligations.
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 Money Money Market Fund
Money Market financial ratios help investors to determine whether Money 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 Money with respect to the benefits of owning Money Market security.
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