Adirondack Small Cap Fund Market Value
| ADKSX Fund | USD 32.23 0.04 0.12% |
| Symbol | Adirondack |
Adirondack Small '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 Adirondack Small'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 Adirondack Small.
| 01/07/2025 |
| 02/06/2025 |
If you would invest 0.00 in Adirondack Small on January 7, 2025 and sell it all today you would earn a total of 0.00 from holding Adirondack Small Cap or generate 0.0% return on investment in Adirondack Small over 30 days. Adirondack Small is related to or competes with Gmo Global, Barings Global, Investec Global, Morningstar Global, Ab Global, and Dreyfus/standish. The fund seeks to achieve its objective by investing in a diversified portfolio of undervalued common stocks of small ca... More
Adirondack Small 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 Adirondack Small'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 Adirondack Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.07 | |||
| Information Ratio | 0.0064 | |||
| Maximum Drawdown | 5.33 | |||
| Value At Risk | (1.56) | |||
| Potential Upside | 1.58 |
Adirondack Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adirondack Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adirondack Small's standard deviation. In reality, there are many statistical measures that can use Adirondack Small historical prices to predict the future Adirondack Small's volatility.| Risk Adjusted Performance | 0.0333 | |||
| Jensen Alpha | 0.0171 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0059 | |||
| Treynor Ratio | 0.055 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Adirondack Small'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.
Adirondack Small Cap Backtested Returns
At this stage we consider Adirondack Mutual Fund to be very steady. Adirondack Small Cap secures Sharpe Ratio (or Efficiency) of 0.0398, which signifies that the fund had a 0.0398 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Adirondack Small Cap, which you can use to evaluate the volatility of the entity. Please confirm Adirondack Small's Risk Adjusted Performance of 0.0333, mean deviation of 0.7876, and Downside Deviation of 1.07 to double-check if the risk estimate we provide is consistent with the expected return of 0.0393%. The fund shows a Beta (market volatility) of 0.58, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Adirondack Small's returns are expected to increase less than the market. However, during the bear market, the loss of holding Adirondack Small is expected to be smaller as well.
Auto-correlation | -0.51 |
Good reverse predictability
Adirondack Small Cap has good reverse predictability. Overlapping area represents the amount of predictability between Adirondack Small time series from 7th of January 2025 to 22nd of January 2025 and 22nd of January 2025 to 6th of February 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 Adirondack Small Cap price movement. The serial correlation of -0.51 indicates that about 51.0% of current Adirondack Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Adirondack Small Cap lagged returns against current returns
Autocorrelation, which is Adirondack Small 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 Adirondack Small's mutual fund expected returns. We can calculate the autocorrelation of Adirondack Small returns to help us make a trade decision. For example, suppose you find that Adirondack Small 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 |
Adirondack Small 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 Adirondack Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adirondack Small mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adirondack Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Adirondack Small Lagged Returns
When evaluating Adirondack Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adirondack Small mutual fund have on its future price. Adirondack Small 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, Adirondack Small autocorrelation shows the relationship between Adirondack Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Adirondack Small Cap.
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 Adirondack Mutual Fund
Adirondack Small financial ratios help investors to determine whether Adirondack 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 Adirondack with respect to the benefits of owning Adirondack Small security.
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