Cardinal Small Cap Fund Market Value
| CCMSX Fund | USD 14.44 0.00 0.00% |
| Symbol | Cardinal |
Cardinal 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 Cardinal 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 Cardinal Small.
| 10/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in Cardinal Small on October 13, 2024 and sell it all today you would earn a total of 0.00 from holding Cardinal Small Cap or generate 0.0% return on investment in Cardinal Small over 60 days. Cardinal Small is related to or competes with New Economy, Vanguard Growth, Fidelity Trend, Kinetics Paradigm, Vanguard Windsor, and Infrastructure Fund. Under normal circumstances, the fund invests at least 80 percent of its net assets in securities of small capitalization... More
Cardinal 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 Cardinal 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 Cardinal Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (4.41) | |||
| Maximum Drawdown | 0.1386 |
Cardinal Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cardinal Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cardinal Small's standard deviation. In reality, there are many statistical measures that can use Cardinal Small historical prices to predict the future Cardinal Small's volatility.| Risk Adjusted Performance | (0.27) | |||
| Total Risk Alpha | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cardinal 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.
Cardinal Small Cap Backtested Returns
At this stage we consider Cardinal Mutual Fund to be very steady. Cardinal Small Cap secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that the fund had a 0.22% return per unit of risk over the last 3 months. We have found thirteen technical indicators for Cardinal Small Cap, which you can use to evaluate the volatility of the entity. Please confirm Cardinal Small's Variance of 8.0E-4, coefficient of variation of (2,726), and Risk Adjusted Performance of (0.27) to double-check if the risk estimate we provide is consistent with the expected return of 0.0033%. The fund shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Cardinal Small are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Cardinal Small Cap has perfect predictability. Overlapping area represents the amount of predictability between Cardinal Small time series from 13th of October 2024 to 12th of November 2024 and 12th of November 2024 to 12th of December 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 Cardinal Small Cap price movement. The serial correlation of 1.0 indicates that 100.0% of current Cardinal Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cardinal Small Cap lagged returns against current returns
Autocorrelation, which is Cardinal 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 Cardinal Small's mutual fund expected returns. We can calculate the autocorrelation of Cardinal Small returns to help us make a trade decision. For example, suppose you find that Cardinal 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 |
Cardinal 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 Cardinal Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cardinal 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 Cardinal Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Cardinal Small Lagged Returns
When evaluating Cardinal Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cardinal Small mutual fund have on its future price. Cardinal 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, Cardinal Small autocorrelation shows the relationship between Cardinal Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Cardinal 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 Cardinal Mutual Fund
Cardinal Small financial ratios help investors to determine whether Cardinal 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 Cardinal with respect to the benefits of owning Cardinal Small security.
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