Floating Rate Fund Market Value
| LRRRX Fund | USD 8.18 0.00 0.00% |
| Symbol | Floating |
Floating Rate '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 Floating Rate'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 Floating Rate.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Floating Rate on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Floating Rate Fund or generate 0.0% return on investment in Floating Rate over 360 days. Floating Rate is related to or competes with Growth Strategy, Black Oak, Investec Emerging, Shelton Emerging, Origin Emerging, and Artisan Emerging. Under normal conditions, the fund pursues its investment objective by investing at least 80 percent of its net assets, p... More
Floating Rate 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 Floating Rate'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 Floating Rate Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.68) | |||
| Maximum Drawdown | 0.8752 | |||
| Value At Risk | (0.12) | |||
| Potential Upside | 0.1244 |
Floating Rate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Floating Rate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Floating Rate's standard deviation. In reality, there are many statistical measures that can use Floating Rate historical prices to predict the future Floating Rate's volatility.| Risk Adjusted Performance | 0.142 | |||
| Jensen Alpha | 0.0305 | |||
| Total Risk Alpha | 9.0E-4 | |||
| Treynor Ratio | (0.69) |
Floating Rate Backtested Returns
At this stage we consider Floating Mutual Fund to be very steady. Floating Rate secures Sharpe Ratio (or Efficiency) of 0.21, which denotes the fund had a 0.21% return per unit of risk over the last 3 months. We have found eighteen technical indicators for Floating Rate Fund, which you can use to evaluate the volatility of the entity. Please confirm Floating Rate's Variance of 0.0222, mean deviation of 0.0782, and Standard Deviation of 0.149 to check if the risk estimate we provide is consistent with the expected return of 0.0251%. The fund shows a Beta (market volatility) of -0.0371, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Floating Rate are expected to decrease at a much lower rate. During the bear market, Floating Rate is likely to outperform the market.
Auto-correlation | 0.96 |
Excellent predictability
Floating Rate Fund has excellent predictability. Overlapping area represents the amount of predictability between Floating Rate time series from 7th of December 2023 to 4th of June 2024 and 4th of June 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 Floating Rate price movement. The serial correlation of 0.96 indicates that 96.0% of current Floating Rate price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.96 | |
| Spearman Rank Test | 0.98 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Floating Rate lagged returns against current returns
Autocorrelation, which is Floating Rate 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 Floating Rate's mutual fund expected returns. We can calculate the autocorrelation of Floating Rate returns to help us make a trade decision. For example, suppose you find that Floating Rate 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 |
Floating Rate 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 Floating Rate mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Floating Rate mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Floating Rate mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Floating Rate Lagged Returns
When evaluating Floating Rate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Floating Rate mutual fund have on its future price. Floating Rate 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, Floating Rate autocorrelation shows the relationship between Floating Rate mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Floating Rate 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 Floating Mutual Fund
Floating Rate financial ratios help investors to determine whether Floating 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 Floating with respect to the benefits of owning Floating Rate security.
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