Chase Growth Fund Market Value
| CHASX Fund | USD 16.10 0.30 1.90% |
| 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.
| 01/16/2024 |
| 01/05/2026 |
If you would invest 0.00 in Chase Growth on January 16, 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 720 days. Chase Growth is related to or competes with Pear Tree, Reynolds Blue, Gdl Closed, Monetta Fund, Wesmark Balanced, Villere Balanced, and Hennessy Large. 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 | 1.39 | |||
| Information Ratio | 0.1204 | |||
| Maximum Drawdown | 12.57 | |||
| Value At Risk | (2.53) | |||
| Potential Upside | 1.99 |
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 | 0.1186 | |||
| Jensen Alpha | 0.2009 | |||
| Total Risk Alpha | 0.1271 | |||
| Sortino Ratio | 0.1486 | |||
| Treynor Ratio | 0.239 |
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
Chase Growth appears to be very steady, given 3 months investment horizon. Chase Growth secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the fund had a 0.16 % return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Chase Growth Fund, which you can use to evaluate the volatility of the entity. Please makes use of Chase Growth's mean deviation of 1.09, and Risk Adjusted Performance of 0.1186 to double-check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 1.1, which signifies a somewhat significant risk relative to the market. Chase Growth returns are very sensitive to returns on the market. As the market goes up or down, Chase Growth is expected to follow.
Auto-correlation | 0.81 |
Very good predictability
Chase Growth Fund has very good predictability. Overlapping area represents the amount of predictability between Chase Growth time series from 16th of January 2024 to 10th of January 2025 and 10th of January 2025 to 5th of January 2026. 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 0.81 indicates that around 81.0% of current Chase Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 2.09 |
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
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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.
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |