Ancora Microcap Fund Market Value
| ANCIX Fund | USD 17.84 0.13 0.73% |
| Symbol | Ancora |
Ancora Microcap '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 Ancora Microcap'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 Ancora Microcap.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Ancora Microcap on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Ancora Microcap Fund or generate 0.0% return on investment in Ancora Microcap over 180 days. Ancora Microcap is related to or competes with Ancora Income, Ancora/thelen Small-mid, Ancora/thelen Small-mid, and Proxy Voting. Under normal circumstances, the fund invests at least 80 percent of the assets in equity securities of companies whose e... More
Ancora Microcap 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 Ancora Microcap'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 Ancora Microcap Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8602 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 3.94 | |||
| Value At Risk | (1.21) | |||
| Potential Upside | 2.09 |
Ancora Microcap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ancora Microcap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ancora Microcap's standard deviation. In reality, there are many statistical measures that can use Ancora Microcap historical prices to predict the future Ancora Microcap's volatility.| Risk Adjusted Performance | 0.0671 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0734 |
Ancora Microcap Backtested Returns
At this stage we consider Ancora Mutual Fund to be very steady. Ancora Microcap secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the fund had a 0.1% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Ancora Microcap Fund, which you can use to evaluate the volatility of the entity. Please confirm Ancora Microcap's mean deviation of 0.7821, and Risk Adjusted Performance of 0.0671 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. The fund shows a Beta (market volatility) of 1.04, which signifies a somewhat significant risk relative to the market. Ancora Microcap returns are very sensitive to returns on the market. As the market goes up or down, Ancora Microcap is expected to follow.
Auto-correlation | -0.08 |
Very weak reverse predictability
Ancora Microcap Fund has very weak reverse predictability. Overlapping area represents the amount of predictability between Ancora Microcap time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th of November 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 Ancora Microcap price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Ancora Microcap price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Ancora Microcap lagged returns against current returns
Autocorrelation, which is Ancora Microcap 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 Ancora Microcap's mutual fund expected returns. We can calculate the autocorrelation of Ancora Microcap returns to help us make a trade decision. For example, suppose you find that Ancora Microcap 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 |
Ancora Microcap 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 Ancora Microcap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ancora Microcap mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ancora Microcap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ancora Microcap Lagged Returns
When evaluating Ancora Microcap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ancora Microcap mutual fund have on its future price. Ancora Microcap 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, Ancora Microcap autocorrelation shows the relationship between Ancora Microcap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ancora Microcap Fund.
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 Ancora Mutual Fund
Ancora Microcap financial ratios help investors to determine whether Ancora 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 Ancora with respect to the benefits of owning Ancora Microcap security.
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