Intrepid Endurance Fund Market Value
| ICMZX Fund | USD 16.78 0.26 1.57% |
| Symbol | Intrepid |
Intrepid Endurance '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 Intrepid Endurance'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 Intrepid Endurance.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Intrepid Endurance on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Intrepid Endurance Fund or generate 0.0% return on investment in Intrepid Endurance over 720 days. Intrepid Endurance is related to or competes with Intrepid Endurance, Intrepid Capital, Intrepid Capital, Intrepid Income, and Amg Yacktman. Under normal conditions, the fund invests at least 80 percent of its net assets, plus borrowings for investment purposes... More
Intrepid Endurance 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 Intrepid Endurance'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 Intrepid Endurance Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 3.43 | |||
| Value At Risk | (1.37) | |||
| Potential Upside | 1.54 |
Intrepid Endurance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Intrepid Endurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Intrepid Endurance's standard deviation. In reality, there are many statistical measures that can use Intrepid Endurance historical prices to predict the future Intrepid Endurance's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.32) |
Intrepid Endurance Backtested Returns
At this stage we consider Intrepid Mutual Fund to be very steady. Intrepid Endurance holds Efficiency (Sharpe) Ratio of 0.001, which attests that the entity had a 0.001% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Intrepid Endurance, which you can use to evaluate the volatility of the entity. Please check out Intrepid Endurance's Market Risk Adjusted Performance of (0.31), standard deviation of 0.8533, and Risk Adjusted Performance of (0.02) to validate if the risk estimate we provide is consistent with the expected return of 8.0E-4%. The fund retains a Market Volatility (i.e., Beta) of 0.0937, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Intrepid Endurance's returns are expected to increase less than the market. However, during the bear market, the loss of holding Intrepid Endurance is expected to be smaller as well.
Auto-correlation | 0.08 |
Virtually no predictability
Intrepid Endurance Fund has virtually no predictability. Overlapping area represents the amount of predictability between Intrepid Endurance time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Intrepid Endurance price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Intrepid Endurance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Intrepid Endurance lagged returns against current returns
Autocorrelation, which is Intrepid Endurance 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 Intrepid Endurance's mutual fund expected returns. We can calculate the autocorrelation of Intrepid Endurance returns to help us make a trade decision. For example, suppose you find that Intrepid Endurance 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 |
Intrepid Endurance 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 Intrepid Endurance mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Intrepid Endurance mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Intrepid Endurance mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Intrepid Endurance Lagged Returns
When evaluating Intrepid Endurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Intrepid Endurance mutual fund have on its future price. Intrepid Endurance 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, Intrepid Endurance autocorrelation shows the relationship between Intrepid Endurance mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Intrepid Endurance Fund.
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 Intrepid Mutual Fund
Intrepid Endurance financial ratios help investors to determine whether Intrepid 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 Intrepid with respect to the benefits of owning Intrepid Endurance security.
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