Elfun Government Money Fund Market Value
| ELMXX Fund | 1.00 0.00 0.00% |
| Symbol | Elfun |
Please note, there is a significant difference between Elfun Government's value and its price as these two are different measures arrived at by different means. Investors typically determine if Elfun Government is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elfun Government'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.
Elfun Government '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 Elfun Government's money market 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 Elfun Government.
| 04/21/2025 |
| 07/20/2025 |
If you would invest 0.00 in Elfun Government on April 21, 2025 and sell it all today you would earn a total of 0.00 from holding Elfun Government Money or generate 0.0% return on investment in Elfun Government over 90 days. Elfun Government is related to or competes with Vanguard Total, Vanguard 500, Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Total, and Vanguard 500. Elfun Government is entity of United States More
Elfun Government 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 Elfun Government's money market 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 Elfun Government Money upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (1.01) | |||
| Maximum Drawdown | 1.01 |
Elfun Government Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elfun Government's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elfun Government's standard deviation. In reality, there are many statistical measures that can use Elfun Government historical prices to predict the future Elfun Government's volatility.| Risk Adjusted Performance | 0.0498 | |||
| Jensen Alpha | 0.0055 | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (3.32) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Elfun Government'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.
Elfun Government Money Backtested Returns
At this stage we consider Elfun Money Market Fund to be not too volatile. Elfun Government Money secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the fund had a 0.12 % return per unit of risk over the last 3 months. We have found seventeen technical indicators for Elfun Government Money, which you can use to evaluate the volatility of the entity. Please confirm Elfun Government's Standard Deviation of 0.1243, mean deviation of 0.0301, and Variance of 0.0155 to check if the risk estimate we provide is consistent with the expected return of 0.0153%. The fund shows a Beta (market volatility) of -0.0016, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Elfun Government are expected to decrease at a much lower rate. During the bear market, Elfun Government is likely to outperform the market.
Auto-correlation | 0.00 |
No correlation between past and present
Elfun Government Money has no correlation between past and present. Overlapping area represents the amount of predictability between Elfun Government time series from 21st of April 2025 to 5th of June 2025 and 5th of June 2025 to 20th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Elfun Government Money price movement. The serial correlation of 0.0 indicates that just 0.0% of current Elfun Government price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Elfun Government Money lagged returns against current returns
Autocorrelation, which is Elfun Government money market 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 Elfun Government's money market fund expected returns. We can calculate the autocorrelation of Elfun Government returns to help us make a trade decision. For example, suppose you find that Elfun Government has exhibited high autocorrelation historically, and you observe that the money market 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 |
Elfun Government 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 Elfun Government money market fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elfun Government money market fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elfun Government money market fund over time.
Current vs Lagged Prices |
| Timeline |
Elfun Government Lagged Returns
When evaluating Elfun Government's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elfun Government money market fund have on its future price. Elfun Government 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, Elfun Government autocorrelation shows the relationship between Elfun Government money market fund current value and its past values and can show if there is a momentum factor associated with investing in Elfun Government Money.
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 Elfun Money Market Fund
Elfun Government financial ratios help investors to determine whether Elfun Money Market 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 Elfun with respect to the benefits of owning Elfun Government security.
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