Congress Mid Cap Fund Market Value
| CMIDX Fund | USD 23.20 0.56 2.47% |
| Symbol | Congress |
Congress Mid '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 Congress Mid'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 Congress Mid.
| 12/23/2024 |
| 01/22/2025 |
If you would invest 0.00 in Congress Mid on December 23, 2024 and sell it all today you would earn a total of 0.00 from holding Congress Mid Cap or generate 0.0% return on investment in Congress Mid over 30 days. Congress Mid is related to or competes with Congress Mid, Congress Large, Congress Large, Champlain Mid, and Aqr Large. The fund invests at least 80 percent of its net assets in equity securities of mid-capitalization companies More
Congress Mid 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 Congress Mid'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 Congress Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 16.51 | |||
| Value At Risk | (1.56) | |||
| Potential Upside | 1.42 |
Congress Mid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Congress Mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Congress Mid's standard deviation. In reality, there are many statistical measures that can use Congress Mid historical prices to predict the future Congress Mid's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.25) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Congress Mid'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.
Congress Mid Cap Backtested Returns
Congress Mid Cap secures Sharpe Ratio (or Efficiency) of -0.0607, which signifies that the fund had a -0.0607 % return per unit of risk over the last 3 months. Congress Mid Cap exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Congress Mid's Standard Deviation of 1.88, risk adjusted performance of (0.05), and Mean Deviation of 0.942 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.55, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Congress Mid's returns are expected to increase less than the market. However, during the bear market, the loss of holding Congress Mid is expected to be smaller as well.
Auto-correlation | -0.38 |
Poor reverse predictability
Congress Mid Cap has poor reverse predictability. Overlapping area represents the amount of predictability between Congress Mid time series from 23rd of December 2024 to 7th of January 2025 and 7th of January 2025 to 22nd of January 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 Congress Mid Cap price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Congress Mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Congress Mid Cap lagged returns against current returns
Autocorrelation, which is Congress Mid 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 Congress Mid's mutual fund expected returns. We can calculate the autocorrelation of Congress Mid returns to help us make a trade decision. For example, suppose you find that Congress Mid 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 |
Congress Mid 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 Congress Mid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Congress Mid mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Congress Mid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Congress Mid Lagged Returns
When evaluating Congress Mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Congress Mid mutual fund have on its future price. Congress Mid 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, Congress Mid autocorrelation shows the relationship between Congress Mid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Congress Mid 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 Congress Mutual Fund
Congress Mid financial ratios help investors to determine whether Congress 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 Congress with respect to the benefits of owning Congress Mid security.
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