Needham Growth Fund Manager Performance Evaluation
| NEEGX Fund | USD 63.67 0.44 0.70% |
The fund secures a Beta (Market Risk) of 1.21, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Needham Growth will likely underperform.
Risk-Adjusted Performance
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Over the last 90 days Needham Growth Fund has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong technical and fundamental indicators, Needham Growth is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio Date | 28th of April 2023 | |
| Expense Ratio | 1.7500 |
Needham |
Needham Growth Relative Risk vs. Return Landscape
If you would invest 6,546 in Needham Growth Fund on September 1, 2024 and sell it today you would lose (179.00) from holding Needham Growth Fund or give up 2.73% of portfolio value over 90 days. Needham Growth Fund is currently producing negative expected returns and takes up 1.4341% volatility of returns over 90 trading days. Put another way, 12% of traded mutual funds are less volatile than Needham, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Needham Growth Current Valuation
Fairly Valued
Today
Please note that Needham Growth's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Needham Growth secures a last-minute Real Value of $63.81 per share. The latest price of the fund is $63.67. We determine the value of Needham Growth from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Since Needham Growth is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Needham Mutual Fund. However, Needham Growth's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 63.67 | Real 63.81 | Hype 63.67 | Naive 65.53 |
The intrinsic value of Needham Growth's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Needham Growth's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Needham Growth Fund helps investors to forecast how Needham mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Needham Growth more accurately as focusing exclusively on Needham Growth's fundamentals will not take into account other important factors: Needham Growth Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Needham Growth's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Needham Growth Fund, and traders can use it to determine the average amount a Needham Growth's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0231
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | NEEGX |
Estimated Market Risk
| 1.43 actual daily | 12 88% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Needham Growth is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Needham Growth by adding Needham Growth to a well-diversified portfolio.
Needham Growth Fundamentals Growth
Needham Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Needham Growth, and Needham Growth fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Needham Mutual Fund performance.
| Price To Earning | 2.77 X | ||||
| Price To Book | 2.32 X | ||||
| Price To Sales | 1.20 X | ||||
| Total Asset | 73.88 M | ||||
About Needham Growth Performance
Evaluating Needham Growth's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Needham Growth has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Needham Growth has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund normally invests at least 65 percent of its total assets in the equity securities of domestic issuers listed on a nationally recognized securities exchange. It may, but is not required to, invest in the securities of companies of any market capitalization and from a variety of industries included in the technology, healthcare, energy and industrials, specialty retailing, medialeisurecableentertainment and business and consumer services sectors.Things to note about Needham Growth performance evaluation
Checking the ongoing alerts about Needham Growth for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Needham Growth help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Needham Growth generated a negative expected return over the last 90 days | |
| The fund generated three year return of -1.0% | |
| Needham Growth maintains about 11.35% of its assets in cash |
- Analyzing Needham Growth's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Needham Growth's stock is overvalued or undervalued compared to its peers.
- Examining Needham Growth's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Needham Growth's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Needham Growth's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Needham Growth's mutual fund. These opinions can provide insight into Needham Growth's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Needham Mutual Fund
Needham Growth financial ratios help investors to determine whether Needham Mutual 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 Needham with respect to the benefits of owning Needham Growth security.
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