Chase Growth Fund Market Value
| CHASX Fund | USD 17.36 0.05 0.29% |
| Symbol | Chase |
Chase Growth '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 Chase Growth'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 Chase Growth.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Chase Growth on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Chase Growth Fund or generate 0.0% return on investment in Chase Growth over 30 days. Chase Growth is related to or competes with HUMANA, Barloworld, Morningstar Unconstrained, High-yield Municipal, Thrivent High, Via Renewables, and American Century. Under normal market conditions, the fund invests primarily in common stocks of domestic companies of any size market cap... More
Chase Growth 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 Chase Growth'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 Chase Growth Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8671 | |||
| Information Ratio | 0.0662 | |||
| Maximum Drawdown | 4.83 | |||
| Value At Risk | (1.44) | |||
| Potential Upside | 1.31 |
Chase Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chase Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chase Growth's standard deviation. In reality, there are many statistical measures that can use Chase Growth historical prices to predict the future Chase Growth's volatility.| Risk Adjusted Performance | 0.1432 | |||
| Jensen Alpha | 0.1572 | |||
| Total Risk Alpha | 0.0406 | |||
| Sortino Ratio | 0.0699 | |||
| Treynor Ratio | 5.5 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Chase Growth'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.
Chase Growth Backtested Returns
At this stage we consider Chase Mutual Fund to be very steady. Chase Growth secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the fund had a 0.18% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Chase Growth Fund, which you can use to evaluate the volatility of the entity. Please confirm Chase Growth's mean deviation of 0.677, and Risk Adjusted Performance of 0.1432 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%. The fund shows a Beta (market volatility) of 0.0291, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Chase Growth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chase Growth is expected to be smaller as well.
Auto-correlation | 0.18 |
Very weak predictability
Chase Growth Fund has very weak predictability. Overlapping area represents the amount of predictability between Chase Growth time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Chase Growth price movement. The serial correlation of 0.18 indicates that over 18.0% of current Chase Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Chase Growth lagged returns against current returns
Autocorrelation, which is Chase Growth 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 Chase Growth's mutual fund expected returns. We can calculate the autocorrelation of Chase Growth returns to help us make a trade decision. For example, suppose you find that Chase Growth 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 |
Chase Growth 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 Chase Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chase Growth mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chase Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Chase Growth Lagged Returns
When evaluating Chase Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chase Growth mutual fund have on its future price. Chase Growth 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, Chase Growth autocorrelation shows the relationship between Chase Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Chase Growth 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 Chase Mutual Fund
Chase Growth financial ratios help investors to determine whether Chase 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 Chase with respect to the benefits of owning Chase Growth security.
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