Versatile Bond Portfolio Fund Market Value
| PRVDX Fund | USD 66.05 0.07 0.11% |
| Symbol | Versatile |
Versatile Bond '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 Versatile Bond'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 Versatile Bond.
| 12/10/2022 |
| 11/29/2024 |
If you would invest 0.00 in Versatile Bond on December 10, 2022 and sell it all today you would earn a total of 0.00 from holding Versatile Bond Portfolio or generate 0.0% return on investment in Versatile Bond over 720 days. Versatile Bond is related to or competes with The Short, Federated Ultrashort, Jhancock Short, Siit Ultra, Ab Select, Angel Oak, and Maryland Short-term. In pursuit of its investment objective, under normal market conditions, the fund invests at least 80 percent of its asse... More
Versatile Bond 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 Versatile Bond'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 Versatile Bond Portfolio upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1223 | |||
| Information Ratio | (0.95) | |||
| Maximum Drawdown | 0.5471 | |||
| Value At Risk | (0.20) | |||
| Potential Upside | 0.1972 |
Versatile Bond Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Versatile Bond's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Versatile Bond's standard deviation. In reality, there are many statistical measures that can use Versatile Bond historical prices to predict the future Versatile Bond's volatility.| Risk Adjusted Performance | 0.0434 | |||
| Jensen Alpha | 0.0033 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.90) | |||
| Treynor Ratio | 0.339 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Versatile Bond'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.
Versatile Bond Portfolio Backtested Returns
At this stage we consider Versatile Mutual Fund to be very steady. Versatile Bond Portfolio owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the fund had a 0.14% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Versatile Bond Portfolio, which you can use to evaluate the volatility of the fund. Please validate Versatile Bond's Downside Deviation of 0.1223, risk adjusted performance of 0.0434, and Standard Deviation of 0.1158 to confirm if the risk estimate we provide is consistent with the expected return of 0.016%. The entity has a beta of 0.0149, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Versatile Bond's returns are expected to increase less than the market. However, during the bear market, the loss of holding Versatile Bond is expected to be smaller as well.
Auto-correlation | 0.86 |
Very good predictability
Versatile Bond Portfolio has very good predictability. Overlapping area represents the amount of predictability between Versatile Bond time series from 10th of December 2022 to 5th of December 2023 and 5th of December 2023 to 29th 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 Versatile Bond Portfolio price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Versatile Bond price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 1.72 |
Versatile Bond Portfolio lagged returns against current returns
Autocorrelation, which is Versatile Bond 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 Versatile Bond's mutual fund expected returns. We can calculate the autocorrelation of Versatile Bond returns to help us make a trade decision. For example, suppose you find that Versatile Bond 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 |
Versatile Bond 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 Versatile Bond mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Versatile Bond mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Versatile Bond mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Versatile Bond Lagged Returns
When evaluating Versatile Bond's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Versatile Bond mutual fund have on its future price. Versatile Bond 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, Versatile Bond autocorrelation shows the relationship between Versatile Bond mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Versatile Bond Portfolio.
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 Versatile Mutual Fund
Versatile Bond financial ratios help investors to determine whether Versatile 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 Versatile with respect to the benefits of owning Versatile Bond security.
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |