Iaadx Fund Market Value
| IAADX Fund | 9.30 0.01 0.11% |
| Symbol | Iaadx |
Iaadx '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 Iaadx'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 Iaadx.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Iaadx on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Iaadx or generate 0.0% return on investment in Iaadx over 30 days. Iaadx is related to or competes with Virtus Convertible, Calamos Dynamic, Rational/pier, Fidelity Sai, and Advent Claymore. The fund invests at least 80 percent of its net assets in debt securities of issuers located in emerging market countrie... More
Iaadx 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 Iaadx'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 Iaadx upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1942 | |||
| Information Ratio | (0.57) | |||
| Maximum Drawdown | 1.19 | |||
| Value At Risk | (0.32) | |||
| Potential Upside | 0.3243 |
Iaadx Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Iaadx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Iaadx's standard deviation. In reality, there are many statistical measures that can use Iaadx historical prices to predict the future Iaadx's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.63) | |||
| Treynor Ratio | (0.21) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Iaadx'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.
Iaadx Backtested Returns
At this stage we consider Iaadx Mutual Fund to be very steady. Iaadx holds Efficiency (Sharpe) Ratio of 0.0404, which attests that the entity had a 0.0404% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Iaadx, which you can use to evaluate the volatility of the entity. Please check out Iaadx's Downside Deviation of 0.1942, risk adjusted performance of (0.01), and Market Risk Adjusted Performance of (0.20) to validate if the risk estimate we provide is consistent with the expected return of 0.0088%. The fund retains a Market Volatility (i.e., Beta) of 0.0313, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Iaadx's returns are expected to increase less than the market. However, during the bear market, the loss of holding Iaadx is expected to be smaller as well.
Auto-correlation | 0.37 |
Below average predictability
Iaadx has below average predictability. Overlapping area represents the amount of predictability between Iaadx time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Iaadx price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Iaadx price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Iaadx lagged returns against current returns
Autocorrelation, which is Iaadx 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 Iaadx's mutual fund expected returns. We can calculate the autocorrelation of Iaadx returns to help us make a trade decision. For example, suppose you find that Iaadx 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 |
Iaadx 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 Iaadx mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Iaadx mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Iaadx mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Iaadx Lagged Returns
When evaluating Iaadx's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Iaadx mutual fund have on its future price. Iaadx 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, Iaadx autocorrelation shows the relationship between Iaadx mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Iaadx.
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 Iaadx Mutual Fund
Iaadx financial ratios help investors to determine whether Iaadx 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 Iaadx with respect to the benefits of owning Iaadx security.
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon |