Advantage Portfolio Class Fund Market Value
| MSPRX Fund | USD 21.63 0.19 0.87% |
| Symbol | Advantage |
Advantage Portfolio '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 Advantage Portfolio'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 Advantage Portfolio.
| 12/22/2022 |
| 12/11/2024 |
If you would invest 0.00 in Advantage Portfolio on December 22, 2022 and sell it all today you would earn a total of 0.00 from holding Advantage Portfolio Class or generate 0.0% return on investment in Advantage Portfolio over 720 days. Advantage Portfolio is related to or competes with Goldman Sachs, Sprott Gold, Europac Gold, International Investors, Invesco Gold, and Precious Metals. The fund invests primarily in established companies with capitalizations within the range of companies included in the R... More
Advantage Portfolio 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 Advantage Portfolio'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 Advantage Portfolio Class upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7925 | |||
| Information Ratio | 0.2919 | |||
| Maximum Drawdown | 6.44 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 2.63 |
Advantage Portfolio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Advantage Portfolio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Advantage Portfolio's standard deviation. In reality, there are many statistical measures that can use Advantage Portfolio historical prices to predict the future Advantage Portfolio's volatility.| Risk Adjusted Performance | 0.285 | |||
| Jensen Alpha | 0.3652 | |||
| Total Risk Alpha | 0.2864 | |||
| Sortino Ratio | 0.4746 | |||
| Treynor Ratio | 0.4477 |
Advantage Portfolio Class Backtested Returns
Advantage Portfolio appears to be very steady, given 3 months investment horizon. Advantage Portfolio Class secures Sharpe Ratio (or Efficiency) of 0.37, which signifies that the fund had a 0.37% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Advantage Portfolio Class, which you can use to evaluate the volatility of the entity. Please makes use of Advantage Portfolio's Risk Adjusted Performance of 0.285, mean deviation of 1.01, and Coefficient Of Variation of 257.45 to double-check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 1.1, which signifies a somewhat significant risk relative to the market. Advantage Portfolio returns are very sensitive to returns on the market. As the market goes up or down, Advantage Portfolio is expected to follow.
Auto-correlation | 0.26 |
Poor predictability
Advantage Portfolio Class has poor predictability. Overlapping area represents the amount of predictability between Advantage Portfolio time series from 22nd of December 2022 to 17th of December 2023 and 17th of December 2023 to 11th 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 Advantage Portfolio Class price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Advantage Portfolio price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 2.57 |
Advantage Portfolio Class lagged returns against current returns
Autocorrelation, which is Advantage Portfolio 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 Advantage Portfolio's mutual fund expected returns. We can calculate the autocorrelation of Advantage Portfolio returns to help us make a trade decision. For example, suppose you find that Advantage Portfolio 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 |
Advantage Portfolio 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 Advantage Portfolio mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Advantage Portfolio mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Advantage Portfolio mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Advantage Portfolio Lagged Returns
When evaluating Advantage Portfolio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Advantage Portfolio mutual fund have on its future price. Advantage Portfolio 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, Advantage Portfolio autocorrelation shows the relationship between Advantage Portfolio mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Advantage Portfolio Class.
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 Advantage Mutual Fund
Advantage Portfolio financial ratios help investors to determine whether Advantage 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 Advantage with respect to the benefits of owning Advantage Portfolio security.
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