Clipper Fund Inc Fund Market Value
| CFIMX Fund | USD 155.53 0.22 0.14% |
| Symbol | CLIPPER |
Clipper Fund '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 Clipper Fund'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 Clipper Fund.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Clipper Fund on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Clipper Fund Inc or generate 0.0% return on investment in Clipper Fund over 90 days. Clipper Fund is related to or competes with Value Fund, Meridian Contrarian, Longleaf Partners, Mairs Power, and Oakmark Select. The funds investment adviser uses the Davis Investment Discipline to invest Clipper Funds portfolio principally in commo... More
Clipper Fund 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 Clipper Fund'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 Clipper Fund Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9301 | |||
| Information Ratio | 4.0E-4 | |||
| Maximum Drawdown | 5.22 | |||
| Value At Risk | (1.12) | |||
| Potential Upside | 1.54 |
Clipper Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clipper Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clipper Fund's standard deviation. In reality, there are many statistical measures that can use Clipper Fund historical prices to predict the future Clipper Fund's volatility.| Risk Adjusted Performance | 0.1043 | |||
| Jensen Alpha | 0.1379 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 4.0E-4 | |||
| Treynor Ratio | (0.85) |
Clipper Fund Backtested Returns
At this stage we consider CLIPPER Mutual Fund to be very steady. Clipper Fund secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the fund had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Clipper Fund Inc, which you can use to evaluate the volatility of the entity. Please confirm Clipper Fund's Mean Deviation of 0.6867, downside deviation of 0.9301, and Risk Adjusted Performance of 0.1043 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. The fund shows a Beta (market volatility) of -0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Clipper Fund are expected to decrease at a much lower rate. During the bear market, Clipper Fund is likely to outperform the market.
Auto-correlation | 0.77 |
Good predictability
Clipper Fund Inc has good predictability. Overlapping area represents the amount of predictability between Clipper Fund time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 Clipper Fund price movement. The serial correlation of 0.77 indicates that around 77.0% of current Clipper Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 10.55 |
Clipper Fund lagged returns against current returns
Autocorrelation, which is Clipper Fund 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 Clipper Fund's mutual fund expected returns. We can calculate the autocorrelation of Clipper Fund returns to help us make a trade decision. For example, suppose you find that Clipper Fund 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 |
Clipper Fund 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 Clipper Fund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clipper Fund mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Clipper Fund mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Clipper Fund Lagged Returns
When evaluating Clipper Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clipper Fund mutual fund have on its future price. Clipper Fund 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, Clipper Fund autocorrelation shows the relationship between Clipper Fund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Clipper Fund Inc.
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 CLIPPER Mutual Fund
Clipper Fund financial ratios help investors to determine whether CLIPPER 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 CLIPPER with respect to the benefits of owning Clipper Fund security.
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