Energy Basic Materials Fund Market Value

SBMBX Fund  USD 11.39  0.09  0.80%   
Energy Basic's market value is the price at which a share of Energy Basic trades on a public exchange. It measures the collective expectations of Energy Basic Materials investors about its performance. Energy Basic is trading at 11.39 as of the 24th of December 2024; that is 0.80% up since the beginning of the trading day. The fund's open price was 11.3.
With this module, you can estimate the performance of a buy and hold strategy of Energy Basic Materials and determine expected loss or profit from investing in Energy Basic over a given investment horizon. Check out Energy Basic Correlation, Energy Basic Volatility and Energy Basic Alpha and Beta module to complement your research on Energy Basic.
Symbol

Please note, there is a significant difference between Energy Basic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Energy Basic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Energy Basic's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Energy Basic '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 Energy Basic'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 Energy Basic.
0.00
11/24/2024
No Change 0.00  0.0 
In 31 days
12/24/2024
0.00
If you would invest  0.00  in Energy Basic on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Energy Basic Materials or generate 0.0% return on investment in Energy Basic over 30 days. Energy Basic is related to or competes with Investec Global, Ab Global, Franklin Mutual, Legg Mason, Morningstar Global, Artisan Global, and Mirova Global. The fund will normally invest at least 80 percent of its total assets in equity securities issued by U.S More

Energy Basic 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 Energy Basic'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 Energy Basic Materials upside and downside potential and time the market with a certain degree of confidence.

Energy Basic Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Energy Basic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Energy Basic's standard deviation. In reality, there are many statistical measures that can use Energy Basic historical prices to predict the future Energy Basic's volatility.
Hype
Prediction
LowEstimatedHigh
10.4611.3912.32
Details
Intrinsic
Valuation
LowRealHigh
10.6711.6012.53
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Energy Basic. Your research has to be compared to or analyzed against Energy Basic's peers to derive any actionable benefits. When done correctly, Energy Basic's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Energy Basic Materials.

Energy Basic Materials Backtested Returns

Energy Basic Materials secures Sharpe Ratio (or Efficiency) of -0.17, which denotes the fund had a -0.17% return per unit of risk over the last 3 months. Energy Basic Materials exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Energy Basic's Variance of 0.898, mean deviation of 0.7564, and Standard Deviation of 0.9476 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0958, which means not very significant fluctuations relative to the market. As returns on the market increase, Energy Basic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Energy Basic is expected to be smaller as well.

Auto-correlation

    
  0.93  

Excellent predictability

Energy Basic Materials has excellent predictability. Overlapping area represents the amount of predictability between Energy Basic time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Energy Basic Materials price movement. The serial correlation of 0.93 indicates that approximately 93.0% of current Energy Basic price fluctuation can be explain by its past prices.
Correlation Coefficient0.93
Spearman Rank Test0.95
Residual Average0.0
Price Variance0.14

Energy Basic Materials lagged returns against current returns

Autocorrelation, which is Energy Basic 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 Energy Basic's mutual fund expected returns. We can calculate the autocorrelation of Energy Basic returns to help us make a trade decision. For example, suppose you find that Energy Basic 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  

Energy Basic 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 Energy Basic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Energy Basic mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Energy Basic mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Energy Basic Lagged Returns

When evaluating Energy Basic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Energy Basic mutual fund have on its future price. Energy Basic 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, Energy Basic autocorrelation shows the relationship between Energy Basic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Energy Basic Materials.
   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 Energy Mutual Fund

Energy Basic financial ratios help investors to determine whether Energy 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 Energy with respect to the benefits of owning Energy Basic security.
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Transaction History
View history of all your transactions and understand their impact on performance
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon