Shenkman Short Duration Fund Market Value
| SCFFX Fund | USD 9.85 0.01 0.10% |
| Symbol | Shenkman |
Shenkman Short '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 Shenkman Short'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 Shenkman Short.
| 12/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Shenkman Short on December 19, 2023 and sell it all today you would earn a total of 0.00 from holding Shenkman Short Duration or generate 0.0% return on investment in Shenkman Short over 360 days. Shenkman Short is related to or competes with Shenkman Short, Shenkman Floating, and Shenkman Floating. Under normal market conditions, the fund will invest at least 80 percent of its net assets in fixed income securities, b... More
Shenkman Short 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 Shenkman Short'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 Shenkman Short Duration upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1676 | |||
| Information Ratio | (1.04) | |||
| Maximum Drawdown | 0.6089 | |||
| Value At Risk | (0.10) | |||
| Potential Upside | 0.1022 |
Shenkman Short Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenkman Short's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenkman Short's standard deviation. In reality, there are many statistical measures that can use Shenkman Short historical prices to predict the future Shenkman Short's volatility.| Risk Adjusted Performance | 0.0405 | |||
| Jensen Alpha | 0.0027 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.58) | |||
| Treynor Ratio | 0.3162 |
Shenkman Short Duration Backtested Returns
At this stage we consider Shenkman Mutual Fund to be very steady. Shenkman Short Duration owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the fund had a 0.12% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Shenkman Short Duration, which you can use to evaluate the volatility of the fund. Please validate Shenkman Short's Standard Deviation of 0.0942, risk adjusted performance of 0.0405, and Downside Deviation of 0.1676 to confirm if the risk estimate we provide is consistent with the expected return of 0.0114%. The entity has a beta of 0.0125, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shenkman Short's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shenkman Short is expected to be smaller as well.
Auto-correlation | 0.93 |
Excellent predictability
Shenkman Short Duration has excellent predictability. Overlapping area represents the amount of predictability between Shenkman Short time series from 19th of December 2023 to 16th of June 2024 and 16th of June 2024 to 13th 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 Shenkman Short Duration price movement. The serial correlation of 0.93 indicates that approximately 93.0% of current Shenkman Short price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.93 | |
| Spearman Rank Test | 0.97 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Shenkman Short Duration lagged returns against current returns
Autocorrelation, which is Shenkman Short 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 Shenkman Short's mutual fund expected returns. We can calculate the autocorrelation of Shenkman Short returns to help us make a trade decision. For example, suppose you find that Shenkman Short 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 |
Shenkman Short 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 Shenkman Short mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenkman Short mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenkman Short mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Shenkman Short Lagged Returns
When evaluating Shenkman Short's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenkman Short mutual fund have on its future price. Shenkman Short 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, Shenkman Short autocorrelation shows the relationship between Shenkman Short mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Shenkman Short Duration.
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 Shenkman Mutual Fund
Shenkman Short financial ratios help investors to determine whether Shenkman 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 Shenkman with respect to the benefits of owning Shenkman Short security.
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