Conestoga Micro Cap Fund Beta

CMIRX Fund  USD 8.40  0.02  0.24%   
Conestoga Micro Cap fundamentals help investors to digest information that contributes to Conestoga Micro's financial success or failures. It also enables traders to predict the movement of Conestoga Mutual Fund. The fundamental analysis module provides a way to measure Conestoga Micro's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Conestoga Micro mutual fund.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Conestoga Micro Cap Mutual Fund Beta Analysis

Conestoga Micro's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

 = 

Covariance

Variance

More About Beta | All Equity Analysis
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, Conestoga Micro Cap has a Beta of 0.0. This indicator is about the same for the Conestoga Capital Advisors average (which is currently at 0.0) family and about the same as Small Growth (which currently averages 0.0) category. This indicator is about the same for all United States funds average (which is currently at 0.0).

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Conestoga Fundamentals

About Conestoga Micro Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Conestoga Micro Cap's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Conestoga Micro using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Conestoga Micro Cap based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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Other Information on Investing in Conestoga Mutual Fund

Conestoga Micro financial ratios help investors to determine whether Conestoga 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 Conestoga with respect to the benefits of owning Conestoga Micro security.
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