Furyax Fund Market Value
| FURYAX Fund | 10.37 0.02 0.19% |
| Symbol | Furyax |
Please note, there is a significant difference between Furyax's value and its price as these two are different measures arrived at by different means. Investors typically determine if Furyax is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Furyax'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.
Furyax '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 Furyax'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 Furyax.
| 04/21/2025 |
| 07/20/2025 |
If you would invest 0.00 in Furyax on April 21, 2025 and sell it all today you would earn a total of 0.00 from holding Furyax or generate 0.0% return on investment in Furyax over 90 days. Furyax is related to or competes with Short Term, Dunham Corporate/govern, Wesmark Government, Franklin Adjustable, Ridgeworth Seix, and Intermediate Government. Furyax is entity of United States. It is traded as Fund on NMFQS exchange. More
Furyax 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 Furyax'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 Furyax upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7911 | |||
| Information Ratio | 0.0214 | |||
| Maximum Drawdown | 4.55 | |||
| Value At Risk | (1.25) | |||
| Potential Upside | 1.72 |
Furyax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Furyax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Furyax's standard deviation. In reality, there are many statistical measures that can use Furyax historical prices to predict the future Furyax's volatility.| Risk Adjusted Performance | 0.1738 | |||
| Jensen Alpha | 0.0415 | |||
| Total Risk Alpha | 0.03 | |||
| Sortino Ratio | 0.0229 | |||
| Treynor Ratio | 0.1813 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Furyax'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.
Furyax Backtested Returns
Furyax appears to be very steady, given 3 months investment horizon. Furyax secures Sharpe Ratio (or Efficiency) of 0.26, which denotes the fund had a 0.26 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Furyax, which you can use to evaluate the volatility of the entity. Please utilize Furyax's Downside Deviation of 0.7911, coefficient of variation of 534.3, and Mean Deviation of 0.625 to check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 0.82, which means possible diversification benefits within a given portfolio. As returns on the market increase, Furyax's returns are expected to increase less than the market. However, during the bear market, the loss of holding Furyax is expected to be smaller as well.
Auto-correlation | 0.78 |
Good predictability
Furyax has good predictability. Overlapping area represents the amount of predictability between Furyax 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 Furyax price movement. The serial correlation of 0.78 indicates that around 78.0% of current Furyax price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Furyax lagged returns against current returns
Autocorrelation, which is Furyax 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 Furyax's fund expected returns. We can calculate the autocorrelation of Furyax returns to help us make a trade decision. For example, suppose you find that Furyax 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 |
Furyax 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 Furyax fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Furyax fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Furyax fund over time.
Current vs Lagged Prices |
| Timeline |
Furyax Lagged Returns
When evaluating Furyax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Furyax fund have on its future price. Furyax 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, Furyax autocorrelation shows the relationship between Furyax fund current value and its past values and can show if there is a momentum factor associated with investing in Furyax.
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 Furyax Fund
Furyax financial ratios help investors to determine whether Furyax 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 Furyax with respect to the benefits of owning Furyax security.
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