Conestoga Mid Cap Fund Market Value
| CCMMX Fund | USD 10.25 0.01 0.1% |
| Symbol | Conestoga |
Conestoga Mid '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 Conestoga Mid'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 Conestoga Mid.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Conestoga Mid on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Conestoga Mid Cap or generate 0.0% return on investment in Conestoga Mid over 720 days. Conestoga Mid is related to or competes with Transamerica Cleartrack, Franklin Moderate, Fidelity Managed, Hartford Moderate, Franklin Lifesmart, Pro-blend(r) Moderate, and American Funds. Under normal market circumstances, the fund invests at least 80 percent of its net assets in equity securities of mid ma... More
Conestoga Mid 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 Conestoga Mid'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 Conestoga Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8582 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 4.04 | |||
| Value At Risk | (1.38) | |||
| Potential Upside | 1.42 |
Conestoga Mid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Conestoga Mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Conestoga Mid's standard deviation. In reality, there are many statistical measures that can use Conestoga Mid historical prices to predict the future Conestoga Mid's volatility.| Risk Adjusted Performance | 0.0919 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1063 |
Conestoga Mid Cap Backtested Returns
At this stage we consider Conestoga Mutual Fund to be very steady. Conestoga Mid Cap secures Sharpe Ratio (or Efficiency) of 0.0937, which signifies that the fund had a 0.0937% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Conestoga Mid Cap, which you can use to evaluate the volatility of the entity. Please confirm Conestoga Mid's Risk Adjusted Performance of 0.0919, downside deviation of 0.8582, and Mean Deviation of 0.6248 to double-check if the risk estimate we provide is consistent with the expected return of 0.0762%. The fund shows a Beta (market volatility) of 0.81, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Conestoga Mid's returns are expected to increase less than the market. However, during the bear market, the loss of holding Conestoga Mid is expected to be smaller as well.
Auto-correlation | 0.26 |
Poor predictability
Conestoga Mid Cap has poor predictability. Overlapping area represents the amount of predictability between Conestoga Mid time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Conestoga Mid Cap price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Conestoga Mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Conestoga Mid Cap lagged returns against current returns
Autocorrelation, which is Conestoga Mid 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 Conestoga Mid's mutual fund expected returns. We can calculate the autocorrelation of Conestoga Mid returns to help us make a trade decision. For example, suppose you find that Conestoga Mid 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 |
Conestoga Mid 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 Conestoga Mid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Conestoga Mid mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Conestoga Mid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Conestoga Mid Lagged Returns
When evaluating Conestoga Mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Conestoga Mid mutual fund have on its future price. Conestoga Mid 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, Conestoga Mid autocorrelation shows the relationship between Conestoga Mid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Conestoga Mid 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 Conestoga Mutual Fund
Conestoga Mid 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 Mid security.
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