BUYWX Mutual Fund Market Value

BUYWX -  USA Fund  

USD 11.68  0.28  2.34%

Main Buywrite's market value is the price at which a share of Main Buywrite stock trades on a public exchange. It measures the collective expectations of Main Buywrite investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Main Buywrite and determine expected loss or profit from investing in Main Buywrite over a given investment horizon. Continue to Main Buywrite Hype Analysis, Main Buywrite Correlation, Portfolio Optimization, Main Buywrite Volatility, as well as analyze Main Buywrite Alpha and Beta and Main Buywrite Performance.
Symbol
Backtest

Please note, there is a significant difference between Main Buywrite's value and its price as these two are different measures arrived at by different means. Investors typically determine Main Buywrite value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Main Buywrite'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.

Main Buywrite '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 Main Buywrite'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 Main Buywrite.
0.00
05/26/2022
No Change 0.00  0.0 
In 31 days
06/25/2022
0.00
If you would invest  0.00  in Main Buywrite on May 26, 2022 and sell it all today you would earn a total of 0.00 from holding Main Buywrite or generate 0.0% return on investment in Main Buywrite over 30 days. Main Buywrite is related to or competes with JP Morgan. The investment seeks to provide total return, from current income and gains from long-term capital appreciationMore

Main Buywrite 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 Main Buywrite'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 Main Buywrite upside and downside potential and time the market with a certain degree of confidence.

Main Buywrite Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Main Buywrite's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Main Buywrite's standard deviation. In reality, there are many statistical measures that can use Main Buywrite historical prices to predict the future Main Buywrite's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Main Buywrite'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. Please use the tools below to analyze the current value of Main Buywrite in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
10.5211.6812.84
Details
Intrinsic
Valuation
LowReal ValueHigh
10.6311.7912.95
Details
Naive
Forecast
LowNext ValueHigh
10.4411.6012.77
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
11.4411.9512.45
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Main Buywrite. Your research has to be compared to or analyzed against Main Buywrite's peers to derive any actionable benefits. When done correctly, Main Buywrite's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Main Buywrite.

Main Buywrite Backtested Returns

Main Buywrite has Sharpe Ratio of -0.0885, which conveys that the entity had -0.0885% of return per unit of risk over the last 3 months. Macroaxis standpoint towards estimating the risk of any fund is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Main Buywrite exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Main Buywrite risk adjusted performance of (0.11), and Mean Deviation of 0.8509 to check out the risk estimate we provide.
The fund secures a Beta (Market Risk) of 0.7472, which conveys possible diversification benefits within a given portfolio. Let's try to break down what BUYWX's beta means in this case. As returns on the market increase, Main Buywrite returns are expected to increase less than the market. However, during the bear market, the loss on holding Main Buywrite will be expected to be smaller as well. Even though it is essential to pay attention to Main Buywrite price patterns, it is always good to be careful when utilizing equity historical price patterns. Our philosophy towards estimating any fund's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Main Buywrite exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  -0.57  

Good reverse predictability

Main Buywrite has good reverse predictability. Overlapping area represents the amount of predictability between Main Buywrite time series from 26th of May 2022 to 10th of June 2022 and 10th of June 2022 to 25th of June 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Main Buywrite price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Main Buywrite price fluctuation can be explain by its past prices.
Correlation Coefficient-0.57
Spearman Rank Test0.49
Residual Average0.0
Price Variance0.03

Main Buywrite lagged returns against current returns

Autocorrelation, which is Main Buywrite 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 Main Buywrite's mutual fund expected returns. We can calculate the autocorrelation of Main Buywrite returns to help us make a trade decision. For example, suppose you find that Main Buywrite mutual fund has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
 Current and Lagged Values 
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      Timeline 

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

Main Buywrite Lagged Returns

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

Main Buywrite Investors Sentiment

The influence of Main Buywrite's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in BUYWX. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Main Buywrite in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Main Buywrite's short interest history, or implied volatility extrapolated from Main Buywrite options trading.

Current Sentiment - BUYWX

Main Buywrite Investor Sentiment

Macroaxis portfolio users are unresponsive in their opinion about investing in Main Buywrite. What is your trading attitude regarding investing in Main Buywrite? Are you bullish or bearish?
Bullish
Bearish
50% Bullish
50% Bearish

Pair Trading with Main Buywrite

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Main Buywrite position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Main Buywrite will appreciate offsetting losses from the drop in the long position's value.

Main Buywrite Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Main Buywrite could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Main Buywrite when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Main Buywrite - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Main Buywrite to buy it.
The correlation of Main Buywrite is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Main Buywrite moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Main Buywrite moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Main Buywrite can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to Main Buywrite Hype Analysis, Main Buywrite Correlation, Portfolio Optimization, Main Buywrite Volatility, as well as analyze Main Buywrite Alpha and Beta and Main Buywrite Performance. Note that the Main Buywrite information on this page should be used as a complementary analysis to other Main Buywrite's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for BUYWX Mutual Fund analysis

When running Main Buywrite price analysis, check to measure Main Buywrite's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Main Buywrite is operating at the current time. Most of Main Buywrite's value examination focuses on studying past and present price action to predict the probability of Main Buywrite's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Main Buywrite's price. Additionally, you may evaluate how the addition of Main Buywrite to your portfolios can decrease your overall portfolio volatility.
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Main Buywrite technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Main Buywrite technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Main Buywrite trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...