Equity Series Class Fund Market Value
| EXEYX Fund | USD 17.02 0.09 0.53% |
| Symbol | Equity |
Equity Series '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 Equity Series' 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 Equity Series.
| 12/03/2023 |
| 11/27/2024 |
If you would invest 0.00 in Equity Series on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding Equity Series Class or generate 0.0% return on investment in Equity Series over 360 days. Equity Series is related to or competes with Large Cap, Wasatch Large, Westcore Plus, Aberdeen Global, and Marsico 21st. The fund normally invests at least 80 percent of its assets in equity securities More
Equity Series 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 Equity Series' 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 Equity Series Class upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7755 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 3.99 | |||
| Value At Risk | (1.12) | |||
| Potential Upside | 1.03 |
Equity Series Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Equity Series' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Equity Series' standard deviation. In reality, there are many statistical measures that can use Equity Series historical prices to predict the future Equity Series' volatility.| Risk Adjusted Performance | 0.1183 | |||
| Jensen Alpha | 0.0099 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1338 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Equity Series' 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.
Equity Series Class Backtested Returns
At this stage we consider Equity Mutual Fund to be very steady. Equity Series Class secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the fund had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Equity Series Class, which you can use to evaluate the volatility of the entity. Please confirm Equity Series' Downside Deviation of 0.7755, coefficient of variation of 640.9, and Mean Deviation of 0.5151 to check if the risk estimate we provide is consistent with the expected return of 0.11%. The fund shows a Beta (market volatility) of 0.74, which means possible diversification benefits within a given portfolio. As returns on the market increase, Equity Series' returns are expected to increase less than the market. However, during the bear market, the loss of holding Equity Series is expected to be smaller as well.
Auto-correlation | 0.75 |
Good predictability
Equity Series Class has good predictability. Overlapping area represents the amount of predictability between Equity Series time series from 3rd of December 2023 to 31st of May 2024 and 31st of May 2024 to 27th 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 Equity Series Class price movement. The serial correlation of 0.75 indicates that around 75.0% of current Equity Series price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
Equity Series Class lagged returns against current returns
Autocorrelation, which is Equity Series 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 Equity Series' mutual fund expected returns. We can calculate the autocorrelation of Equity Series returns to help us make a trade decision. For example, suppose you find that Equity Series 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 |
Equity Series 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 Equity Series mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Equity Series mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Equity Series mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Equity Series Lagged Returns
When evaluating Equity Series' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Equity Series mutual fund have on its future price. Equity Series 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, Equity Series autocorrelation shows the relationship between Equity Series mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Equity Series Class.
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 Equity Mutual Fund
Equity Series financial ratios help investors to determine whether Equity 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 Equity with respect to the benefits of owning Equity Series security.
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