Congress Large Cap Fund Market Value
| CMLIX Fund | USD 51.32 0.21 0.41% |
| Symbol | Congress |
Congress Large '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 Large'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 Large.
| 06/12/2023 |
| 12/03/2024 |
If you would invest 0.00 in Congress Large on June 12, 2023 and sell it all today you would earn a total of 0.00 from holding Congress Large Cap or generate 0.0% return on investment in Congress Large over 540 days. Congress Large is related to or competes with Lord Abbett, Gabelli Convertible, Advent Claymore, and Rationalpier. The adviser attempts to achieve the funds investment objective by investing at least 80 percent of its net assets in equ... More
Congress Large 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 Large'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 Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.01 | |||
| Information Ratio | 0.0016 | |||
| Maximum Drawdown | 4.78 | |||
| Value At Risk | (1.62) | |||
| Potential Upside | 1.47 |
Congress Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Congress Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Congress Large's standard deviation. In reality, there are many statistical measures that can use Congress Large historical prices to predict the future Congress Large's volatility.| Risk Adjusted Performance | 0.1085 | |||
| Jensen Alpha | 0.0149 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0014 | |||
| Treynor Ratio | 0.1312 |
Congress Large Cap Backtested Returns
At this stage we consider Congress Mutual Fund to be very steady. Congress Large Cap secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the fund had a 0.19% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Congress Large Cap, which you can use to evaluate the volatility of the entity. Please confirm Congress Large's Downside Deviation of 1.01, mean deviation of 0.621, and Risk Adjusted Performance of 0.1085 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 0.88, which signifies possible diversification benefits within a given portfolio. Congress Large returns are very sensitive to returns on the market. As the market goes up or down, Congress Large is expected to follow.
Auto-correlation | 0.75 |
Good predictability
Congress Large Cap has good predictability. Overlapping area represents the amount of predictability between Congress Large time series from 12th of June 2023 to 8th of March 2024 and 8th of March 2024 to 3rd of December 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 Congress Large Cap price movement. The serial correlation of 0.75 indicates that around 75.0% of current Congress Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 4.57 |
Congress Large Cap lagged returns against current returns
Autocorrelation, which is Congress Large 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 Large's mutual fund expected returns. We can calculate the autocorrelation of Congress Large returns to help us make a trade decision. For example, suppose you find that Congress Large 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 Large 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 Large mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Congress Large 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 Large mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Congress Large Lagged Returns
When evaluating Congress Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Congress Large mutual fund have on its future price. Congress Large 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 Large autocorrelation shows the relationship between Congress Large mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Congress Large 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 Large 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 Large security.
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