CFACX Mutual Fund Market Value

CFACX
 Fund
  

USD 11.26  0.06  0.53%   

Bond Fund's market value is the price at which a share of Bond Fund stock trades on a public exchange. It measures the collective expectations of The Bond Fund investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of The Bond Fund and determine expected loss or profit from investing in Bond Fund over a given investment horizon. Continue to Bond Fund Correlation, Bond Fund Volatility and Bond Fund Alpha and Beta module to complement your research on Bond Fund.
Symbol

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

Bond Fund '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 Bond Fund'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 Bond Fund.
0.00
09/01/2022
No Change 0.00  0.0 
In 30 days
10/01/2022
0.00
If you would invest  0.00  in Bond Fund on September 1, 2022 and sell it all today you would earn a total of 0.00 from holding The Bond Fund or generate 0.0% return on investment in Bond Fund over 30 days. Bond Fund is related to or competes with Home Depot. The fund invests at least 80 percent of its assets in bonds and other debt securities, which may be represented by other... More

Bond Fund 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 Bond Fund'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 The Bond Fund upside and downside potential and time the market with a certain degree of confidence.

Bond Fund Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Bond Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bond Fund's standard deviation. In reality, there are many statistical measures that can use Bond Fund historical prices to predict the future Bond Fund's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Bond Fund'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 Bond Fund in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
10.6811.1611.64
Details
Intrinsic
Valuation
LowReal ValueHigh
10.8111.2911.77
Details
Naive
Forecast
LowNext ValueHigh
10.5611.0411.52
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
11.2211.6712.11
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Bond Fund. Your research has to be compared to or analyzed against Bond Fund's peers to derive any actionable benefits. When done correctly, Bond Fund'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 Bond Fund.

Bond Fund Backtested Returns

Bond Fund secures Sharpe Ratio (or Efficiency) of -0.19, which signifies that the fund had -0.19% of return per unit of standard deviation over the last 3 months. Macroaxis philosophy in foreseeing 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. The Bond Fund exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Bond Fund risk adjusted performance of (0.16), and Mean Deviation of 0.3818 to double-check the risk estimate we provide.
The fund shows a Beta (market volatility) of -0.0382, which signifies not very significant fluctuations relative to the market. Let's try to break down what CFACX's beta means in this case. As returns on the market increase, returns on owning Bond Fund are expected to decrease at a much lower rate. During the bear market, Bond Fund is likely to outperform the market. Even though it is essential to pay attention to Bond Fund historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy in foreseeing 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. The Bond Fund exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  0.74  

Good predictability

The Bond Fund has good predictability. Overlapping area represents the amount of predictability between Bond Fund time series from 1st of September 2022 to 16th of September 2022 and 16th of September 2022 to 1st of October 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 Bond Fund price movement. The serial correlation of 0.74 indicates that around 74.0% of current Bond Fund price fluctuation can be explain by its past prices.
Correlation Coefficient0.74
Spearman Rank Test0.66
Residual Average0.0
Price Variance0.02

Bond Fund lagged returns against current returns

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

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

Bond Fund Lagged Returns

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

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 Bond Fund 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, Bond Fund's short interest history, or implied volatility extrapolated from Bond Fund options trading.

Pair Trading with Bond Fund

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 Bond Fund 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 Bond Fund will appreciate offsetting losses from the drop in the long position's value.

Moving together with Bond Fund

+0.78INTCIntel Corp TrendingPairCorr
+0.78MCDMcDonalds Corp TrendingPairCorr
The ability to find closely correlated positions to Bond Fund could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bond Fund 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 Bond Fund - 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 The Bond Fund to buy it.
The correlation of Bond Fund 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 Bond Fund moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bond Fund 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 Bond Fund 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 Bond Fund Correlation, Bond Fund Volatility and Bond Fund Alpha and Beta module to complement your research on Bond Fund. Note that the Bond Fund information on this page should be used as a complementary analysis to other Bond Fund'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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

Complementary Tools for CFACX Mutual Fund analysis

When running Bond Fund price analysis, check to measure Bond Fund'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 Bond Fund is operating at the current time. Most of Bond Fund's value examination focuses on studying past and present price action to predict the probability of Bond Fund's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Bond Fund's price. Additionally, you may evaluate how the addition of Bond Fund to your portfolios can decrease your overall portfolio volatility.
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Bond Fund 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, fund market cycles, or different charting patterns.
A focus of Bond Fund technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Bond Fund 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...