Strategic Income Opportunities Fund Market Value
| JIPIX Fund | USD 10.09 0.02 0.20% |
| Symbol | Strategic |
Strategic Income '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 Strategic Income'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 Strategic Income.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Strategic Income on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Strategic Income Opportunities or generate 0.0% return on investment in Strategic Income over 90 days. Strategic Income is related to or competes with Lord Abbett, Virtus High, Alpine High, Goldman Sachs, Gmo High, Dunham High, and Blackrock High. The fund invests at least 80 percent of its assets in the following types of securities, which may be denominated in U.S More
Strategic Income 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 Strategic Income'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 Strategic Income Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2413 | |||
| Information Ratio | (0.75) | |||
| Maximum Drawdown | 0.6989 | |||
| Value At Risk | (0.30) | |||
| Potential Upside | 0.2 |
Strategic Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Strategic Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Strategic Income's standard deviation. In reality, there are many statistical measures that can use Strategic Income historical prices to predict the future Strategic Income's volatility.| Risk Adjusted Performance | (0.0002) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.54) | |||
| Treynor Ratio | (0.21) |
Strategic Income Opp Backtested Returns
At this stage we consider Strategic Mutual Fund to be very steady. Strategic Income Opp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0274, which indicates the fund had a 0.0274% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Strategic Income Opportunities, which you can use to evaluate the volatility of the fund. Please validate Strategic Income's Coefficient Of Variation of 2268.8, semi deviation of 0.154, and Risk Adjusted Performance of (0.0002) to confirm if the risk estimate we provide is consistent with the expected return of 0.0048%. The entity has a beta of 0.0111, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Strategic Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Strategic Income is expected to be smaller as well.
Auto-correlation | -0.63 |
Very good reverse predictability
Strategic Income Opportunities has very good reverse predictability. Overlapping area represents the amount of predictability between Strategic Income time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 Strategic Income Opp price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Strategic Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Strategic Income Opp lagged returns against current returns
Autocorrelation, which is Strategic Income 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 Strategic Income's mutual fund expected returns. We can calculate the autocorrelation of Strategic Income returns to help us make a trade decision. For example, suppose you find that Strategic Income 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 |
Strategic Income 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 Strategic Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Strategic Income mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Strategic Income mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Strategic Income Lagged Returns
When evaluating Strategic Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Strategic Income mutual fund have on its future price. Strategic Income 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, Strategic Income autocorrelation shows the relationship between Strategic Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Strategic Income Opportunities.
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 Strategic Mutual Fund
Strategic Income financial ratios help investors to determine whether Strategic 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 Strategic with respect to the benefits of owning Strategic Income security.
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