Tributary Smallmid Cap Fund Market Value
| FSMBX Fund | USD 18.11 0.27 1.51% |
| Symbol | Tributary |
Tributary Smallmid '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 Tributary Smallmid'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 Tributary Smallmid.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Tributary Smallmid on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Tributary Smallmid Cap or generate 0.0% return on investment in Tributary Smallmid over 720 days. Tributary Smallmid is related to or competes with T Rowe, Nuveen Minnesota, Georgia Tax-free, Bbh Intermediate, California Bond, T Rowe, and Multisector Bond. Under normal market conditions, the Advisor intends to invest at least 80 percent of its assets in common stocks and sec... More
Tributary Smallmid 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 Tributary Smallmid'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 Tributary Smallmid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9517 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 5.72 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 1.77 |
Tributary Smallmid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tributary Smallmid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tributary Smallmid's standard deviation. In reality, there are many statistical measures that can use Tributary Smallmid historical prices to predict the future Tributary Smallmid's volatility.| Risk Adjusted Performance | 0.0856 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0852 |
Tributary Smallmid Cap Backtested Returns
At this stage we consider Tributary Mutual Fund to be very steady. Tributary Smallmid Cap owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0822, which indicates the fund had a 0.0822% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Tributary Smallmid Cap, which you can use to evaluate the volatility of the fund. Please validate Tributary Smallmid's Risk Adjusted Performance of 0.0856, semi deviation of 0.7768, and Coefficient Of Variation of 924.53 to confirm if the risk estimate we provide is consistent with the expected return of 0.0835%. The entity has a beta of 1.21, which indicates 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, Tributary Smallmid will likely underperform.
Auto-correlation | 0.10 |
Insignificant predictability
Tributary Smallmid Cap has insignificant predictability. Overlapping area represents the amount of predictability between Tributary Smallmid time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Tributary Smallmid Cap price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Tributary Smallmid price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.75 |
Tributary Smallmid Cap lagged returns against current returns
Autocorrelation, which is Tributary Smallmid 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 Tributary Smallmid's mutual fund expected returns. We can calculate the autocorrelation of Tributary Smallmid returns to help us make a trade decision. For example, suppose you find that Tributary Smallmid 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 |
Tributary Smallmid 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 Tributary Smallmid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tributary Smallmid mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tributary Smallmid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Tributary Smallmid Lagged Returns
When evaluating Tributary Smallmid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tributary Smallmid mutual fund have on its future price. Tributary Smallmid 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, Tributary Smallmid autocorrelation shows the relationship between Tributary Smallmid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Tributary Smallmid 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 Tributary Mutual Fund
Tributary Smallmid financial ratios help investors to determine whether Tributary 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 Tributary with respect to the benefits of owning Tributary Smallmid security.
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