Ffcdax Fund Market Value
| FFCDAX Fund | 9.72 0.01 0.10% |
| Symbol | Ffcdax |
Please note, there is a significant difference between Ffcdax's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ffcdax is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ffcdax'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.
Ffcdax '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 Ffcdax's 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 Ffcdax.
| 04/22/2025 |
| 07/21/2025 |
If you would invest 0.00 in Ffcdax on April 22, 2025 and sell it all today you would earn a total of 0.00 from holding Ffcdax or generate 0.0% return on investment in Ffcdax over 90 days. Ffcdax is related to or competes with Absolute Convertible, Calamos Dynamic, Gabelli Convertible, and Virtus Convertible. Ffcdax is entity of United States. It is traded as Fund on NMFQS exchange. More
Ffcdax 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 Ffcdax's 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 Ffcdax upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.239 | |||
| Information Ratio | (0.60) | |||
| Maximum Drawdown | 0.8364 | |||
| Value At Risk | (0.31) | |||
| Potential Upside | 0.3128 |
Ffcdax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ffcdax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ffcdax's standard deviation. In reality, there are many statistical measures that can use Ffcdax historical prices to predict the future Ffcdax's volatility.| Risk Adjusted Performance | 0.1511 | |||
| Jensen Alpha | 0.0151 | |||
| Total Risk Alpha | 0.0019 | |||
| Sortino Ratio | (0.44) | |||
| Treynor Ratio | 0.3033 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ffcdax'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.
Ffcdax Backtested Returns
At this stage we consider Ffcdax Fund to be very steady. Ffcdax secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the fund had a 0.18 % return per unit of standard deviation over the last 3 months. We have found twenty-six technical indicators for Ffcdax, which you can use to evaluate the volatility of the entity. Please confirm Ffcdax's Mean Deviation of 0.1306, downside deviation of 0.239, and Coefficient Of Variation of 480.52 to check if the risk estimate we provide is consistent with the expected return of 0.0303%. The fund shows a Beta (market volatility) of 0.0873, which means not very significant fluctuations relative to the market. As returns on the market increase, Ffcdax's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ffcdax is expected to be smaller as well.
Auto-correlation | 0.23 |
Weak predictability
Ffcdax has weak predictability. Overlapping area represents the amount of predictability between Ffcdax time series from 22nd of April 2025 to 6th of June 2025 and 6th of June 2025 to 21st 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 Ffcdax price movement. The serial correlation of 0.23 indicates that over 23.0% of current Ffcdax price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ffcdax lagged returns against current returns
Autocorrelation, which is Ffcdax 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 Ffcdax's fund expected returns. We can calculate the autocorrelation of Ffcdax returns to help us make a trade decision. For example, suppose you find that Ffcdax has exhibited high autocorrelation historically, and you observe that the 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 |
Ffcdax 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 Ffcdax fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ffcdax fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ffcdax fund over time.
Current vs Lagged Prices |
| Timeline |
Ffcdax Lagged Returns
When evaluating Ffcdax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ffcdax fund have on its future price. Ffcdax 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, Ffcdax autocorrelation shows the relationship between Ffcdax fund current value and its past values and can show if there is a momentum factor associated with investing in Ffcdax.
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 Ffcdax Fund
Ffcdax financial ratios help investors to determine whether Ffcdax 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 Ffcdax with respect to the benefits of owning Ffcdax security.
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