Conestoga Smid Cap Fund Market Value
| CCSMX Fund | USD 25.34 0.15 0.60% |
| Symbol | Conestoga |
Conestoga Smid '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 Smid'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 Smid.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Conestoga Smid on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding Conestoga Smid Cap or generate 0.0% return on investment in Conestoga Smid over 30 days. Conestoga Smid is related to or competes with Conestoga Small, Ycg Enhanced, Df Dent, Polen Growth, and Baron Discovery. The fund invests at least 80 percent of its net assets in equity securities of small-to-mid capitalization companies More
Conestoga Smid 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 Smid'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 Smid Cap upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 5.32 | |||
| Value At Risk | (1.41) | |||
| Potential Upside | 1.57 |
Conestoga Smid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Conestoga Smid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Conestoga Smid's standard deviation. In reality, there are many statistical measures that can use Conestoga Smid historical prices to predict the future Conestoga Smid's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.11) |
Conestoga Smid Cap Backtested Returns
Conestoga Smid Cap secures Sharpe Ratio (or Efficiency) of -0.18, which signifies that the fund had a -0.18 % return per unit of risk over the last 3 months. Conestoga Smid Cap exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Conestoga Smid's Standard Deviation of 0.9452, mean deviation of 0.7288, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.7, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Conestoga Smid's returns are expected to increase less than the market. However, during the bear market, the loss of holding Conestoga Smid is expected to be smaller as well.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Conestoga Smid Cap has insignificant reverse predictability. Overlapping area represents the amount of predictability between Conestoga Smid time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th 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 Conestoga Smid Cap price movement. The serial correlation of -0.18 indicates that over 18.0% of current Conestoga Smid price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Conestoga Smid Cap lagged returns against current returns
Autocorrelation, which is Conestoga Smid 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 Smid's mutual fund expected returns. We can calculate the autocorrelation of Conestoga Smid returns to help us make a trade decision. For example, suppose you find that Conestoga Smid 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 Smid 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 Smid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Conestoga Smid 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 Smid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Conestoga Smid Lagged Returns
When evaluating Conestoga Smid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Conestoga Smid mutual fund have on its future price. Conestoga Smid 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 Smid autocorrelation shows the relationship between Conestoga Smid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Conestoga Smid 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 Smid 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 Smid security.
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