Fundx Mutual Fund Market Value

RELAX
 Fund
  

USD 36.49  0.19  0.52%   

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

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

Fundx Conservative '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 Fundx Conservative'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 Fundx Conservative.
0.00
07/16/2020
No Change 0.00  0.0 
In 1 year 11 months and 21 days
07/06/2022
0.00
If you would invest  0.00  in Fundx Conservative on July 16, 2020 and sell it all today you would earn a total of 0.00 from holding Fundx Conservative Upgrader or generate 0.0% return on investment in Fundx Conservative over 720 days. Fundx Conservative is related to or competes with Coca Cola. The fund is a fund-of-funds and as such invests primarily in no-load and load-waived mutual funds, including ETFs More

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

Fundx Conservative Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fundx Conservative's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fundx Conservative's standard deviation. In reality, there are many statistical measures that can use Fundx Conservative historical prices to predict the future Fundx Conservative's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Fundx Conservative'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 Fundx Conservative in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
35.7736.5037.23
Details
Intrinsic
Valuation
LowReal ValueHigh
36.1036.8337.56
Details
Naive
Forecast
LowNext ValueHigh
36.2536.9837.71
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
35.5236.9838.43
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Fundx Conservative. Your research has to be compared to or analyzed against Fundx Conservative's peers to derive any actionable benefits. When done correctly, Fundx Conservative'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 Fundx Conservative.

Fundx Conservative Backtested Returns

Fundx Conservative secures Sharpe Ratio (or Efficiency) of -0.16, which denotes the fund had -0.16% 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. Fundx Conservative Upgrader exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Fundx Conservative mean deviation of 0.5466, and Coefficient Of Variation of (516.84) to check the risk estimate we provide.
The fund shows a Beta (market volatility) of -0.0302, which means not very significant fluctuations relative to the market. Let's try to break down what Fundx's beta means in this case. As returns on the market increase, returns on owning Fundx Conservative are expected to decrease at a much lower rate. During the bear market, Fundx Conservative is likely to outperform the market. Even though it is essential to pay attention to Fundx Conservative 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. Fundx Conservative Upgrader exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  -0.72  

Almost perfect reverse predictability

Fundx Conservative Upgrader has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Fundx Conservative time series from 16th of July 2020 to 11th of July 2021 and 11th of July 2021 to 6th of July 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 Fundx Conservative price movement. The serial correlation of -0.72 indicates that around 72.0% of current Fundx Conservative price fluctuation can be explain by its past prices.
Correlation Coefficient-0.72
Spearman Rank Test-0.73
Residual Average0.0
Price Variance2.3

Fundx Conservative lagged returns against current returns

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

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

Fundx Conservative Lagged Returns

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in Fundx Conservative 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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Additionally, take a look at Fundx Conservative Hype Analysis, Fundx Conservative Correlation, Portfolio Optimization, Fundx Conservative Volatility, as well as analyze Fundx Conservative Alpha and Beta and Fundx Conservative Performance. Note that the Fundx Conservative information on this page should be used as a complementary analysis to other Fundx Conservative'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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

Complementary Tools for Fundx Mutual Fund analysis

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