Cornercap Small Cap Value Fund Market Value
| CSCVX Fund | USD 16.40 0.25 1.55% |
| Symbol | Cornercap |
Cornercap Small-cap '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 Cornercap Small-cap'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 Cornercap Small-cap.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Cornercap Small-cap on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Cornercap Small Cap Value or generate 0.0% return on investment in Cornercap Small-cap over 30 days. Cornercap Small-cap is related to or competes with Cornercap Large/mid-cap, Jpmorgan Hedged, The Hartford, Vanguard Global, Vanguard Growth, Salient Mlp, and Thompson Bond. The fund normally invests more than 80 percent of its net assets in equity securities of small-cap U.S More
Cornercap Small-cap 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 Cornercap Small-cap'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 Cornercap Small Cap Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9732 | |||
| Information Ratio | 0.0163 | |||
| Maximum Drawdown | 6.69 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 1.92 |
Cornercap Small-cap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cornercap Small-cap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cornercap Small-cap's standard deviation. In reality, there are many statistical measures that can use Cornercap Small-cap historical prices to predict the future Cornercap Small-cap's volatility.| Risk Adjusted Performance | 0.0994 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0202 | |||
| Treynor Ratio | 0.1019 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cornercap Small-cap'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.
Cornercap Small Cap Backtested Returns
At this stage we consider Cornercap Mutual Fund to be very steady. Cornercap Small Cap secures Sharpe Ratio (or Efficiency) of 0.0981, which signifies that the fund had a 0.0981% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Cornercap Small Cap Value, which you can use to evaluate the volatility of the entity. Please confirm Cornercap Small-cap's Mean Deviation of 0.8275, downside deviation of 0.9732, and Risk Adjusted Performance of 0.0994 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. The fund shows a Beta (market volatility) of 1.38, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Cornercap Small-cap will likely underperform.
Auto-correlation | 0.26 |
Poor predictability
Cornercap Small Cap Value has poor predictability. Overlapping area represents the amount of predictability between Cornercap Small-cap time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Cornercap Small Cap price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Cornercap Small-cap price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Cornercap Small Cap lagged returns against current returns
Autocorrelation, which is Cornercap Small-cap 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 Cornercap Small-cap's mutual fund expected returns. We can calculate the autocorrelation of Cornercap Small-cap returns to help us make a trade decision. For example, suppose you find that Cornercap Small-cap 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 |
Cornercap Small-cap 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 Cornercap Small-cap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cornercap Small-cap mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cornercap Small-cap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Cornercap Small-cap Lagged Returns
When evaluating Cornercap Small-cap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cornercap Small-cap mutual fund have on its future price. Cornercap Small-cap 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, Cornercap Small-cap autocorrelation shows the relationship between Cornercap Small-cap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Cornercap Small Cap Value.
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 Cornercap Mutual Fund
Cornercap Small-cap financial ratios help investors to determine whether Cornercap 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 Cornercap with respect to the benefits of owning Cornercap Small-cap security.
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