Alphacentric Income Opportunities Fund Market Value
| IOFIX Fund | USD 7.56 0.03 0.40% |
| Symbol | Alphacentric |
Alphacentric Income '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 Alphacentric Income'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 Alphacentric Income.
| 05/11/2022 |
| 04/30/2024 |
If you would invest 0.00 in Alphacentric Income on May 11, 2022 and sell it all today you would earn a total of 0.00 from holding Alphacentric Income Opportunities or generate 0.0% return on investment in Alphacentric Income over 720 days. Alphacentric Income is related to or competes with Alphacentric Lifesci, Alphacentric Lifesci, Alphacentric Lifesci, Alphacentric Income, Alphacentric Hedged, Alphacentric Hedged, and Alphacentric Hedged. The fund seeks to achieve its investment objective by primarily investing in asset-backed fixed income securities, such ... More
Alphacentric Income 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 Alphacentric Income'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 Alphacentric Income Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.48) | |||
| Maximum Drawdown | 1.29 | |||
| Value At Risk | (0.51) | |||
| Potential Upside | 0.3856 |
Alphacentric Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alphacentric Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alphacentric Income's standard deviation. In reality, there are many statistical measures that can use Alphacentric Income historical prices to predict the future Alphacentric Income's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.33) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alphacentric Income'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.
Alphacentric Me Oppo Backtested Returns
Alphacentric Me Oppo secures Sharpe Ratio (or Efficiency) of -0.21, which signifies that the fund had a -0.21% return per unit of risk over the last 3 months. Alphacentric Income Opportunities exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alphacentric Income's Mean Deviation of 0.1784, standard deviation of 0.2514, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Alphacentric Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alphacentric Income is expected to be smaller as well.
Auto-correlation | 0.73 |
Good predictability
Alphacentric Income Opportunities has good predictability. Overlapping area represents the amount of predictability between Alphacentric Income time series from 11th of May 2022 to 6th of May 2023 and 6th of May 2023 to 30th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Alphacentric Me Oppo price movement. The serial correlation of 0.73 indicates that around 73.0% of current Alphacentric Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Alphacentric Me Oppo lagged returns against current returns
Autocorrelation, which is Alphacentric Income 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 Alphacentric Income's mutual fund expected returns. We can calculate the autocorrelation of Alphacentric Income returns to help us make a trade decision. For example, suppose you find that Alphacentric Income has exhibited high autocorrelation historically, and you observe that the mutual 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 |
Alphacentric Income 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 Alphacentric Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alphacentric Income mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alphacentric Income mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Alphacentric Income Lagged Returns
When evaluating Alphacentric Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alphacentric Income mutual fund have on its future price. Alphacentric Income 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, Alphacentric Income autocorrelation shows the relationship between Alphacentric Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Alphacentric Income Opportunities.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Alphacentric Income in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Alphacentric Income's short interest history, or implied volatility extrapolated from Alphacentric Income options trading.
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Alphacentric Income 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, fund market cycles, or different charting patterns.