FUNDX Mutual Fund Market Value

FUNDX
 Fund
  

USD 51.56  0.01  0.0194%   

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

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

Fund X '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 Fund X'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 Fund X.
0.00
08/17/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
08/07/2022
0.00
If you would invest  0.00  in Fund X on August 17, 2020 and sell it all today you would earn a total of 0.00 from holding Fund X Upgrader or generate 0.0% return on investment in Fund X over 720 days. Fund X is related to or competes with Johnson Johnson. The fund is a fund-of-funds and as such invests primarily in no-load and load-waived mutual funds, including ETFsMore

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

Fund X Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fund X's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fund X's standard deviation. In reality, there are many statistical measures that can use Fund X historical prices to predict the future Fund X's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Fund X'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 Fund X in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
50.3551.5752.79
Details
Intrinsic
Valuation
LowReal ValueHigh
50.2751.4952.71
Details
Naive
Forecast
LowNext ValueHigh
50.0451.2652.48
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
48.7250.6352.55
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Fund X. Your research has to be compared to or analyzed against Fund X's peers to derive any actionable benefits. When done correctly, Fund X'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 Fund X Upgrader.

Fund X Upgrader Backtested Returns

Fund X Upgrader secures Sharpe Ratio (or Efficiency) of -0.0102, which denotes the fund had -0.0102% of return per unit of risk over the last 3 months. Macroaxis standpoint towards predicting 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. Fund X Upgrader exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Fund X Upgrader coefficient of variation of (2,756), and Mean Deviation of 0.992 to check the risk estimate we provide.
The fund shows a Beta (market volatility) of 0.9346, which means possible diversification benefits within a given portfolio. Let's try to break down what FUNDX's beta means in this case. Fund X returns are very sensitive to returns on the market. As the market goes up or down, Fund X is expected to follow. Even though it is essential to pay attention to Fund X Upgrader historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards predicting 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. Fund X Upgrader exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  -0.73  

Almost perfect reverse predictability

Fund X Upgrader has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Fund X time series from 17th of August 2020 to 12th of August 2021 and 12th of August 2021 to 7th of August 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 Fund X Upgrader price movement. The serial correlation of -0.73 indicates that around 73.0% of current Fund X price fluctuation can be explain by its past prices.
Correlation Coefficient-0.73
Spearman Rank Test-0.83
Residual Average0.0
Price Variance16.64

Fund X Upgrader lagged returns against current returns

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

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

Fund X Lagged Returns

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in Fund X without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Correlation Analysis

Reduce portfolio risk simply by holding instruments which are not perfectly correlated
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Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Fund X Upgrader using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Please check Fund X Hype Analysis, Fund X Correlation, Portfolio Optimization, Fund X Volatility, as well as analyze Fund X Alpha and Beta and Fund X Performance. Note that the Fund X Upgrader information on this page should be used as a complementary analysis to other Fund X'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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

Complementary Tools for FUNDX Mutual Fund analysis

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