Modern Capital Tactical Fund Market Value
| MCTDX Fund | USD 10.86 0.02 0.18% |
| Symbol | Modern |
Modern Capital '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 Modern Capital'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 Modern Capital.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in Modern Capital on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding Modern Capital Tactical or generate 0.0% return on investment in Modern Capital over 180 days. Modern Capital is related to or competes with ABIVAX Socit, SCOR PK, HUMANA, Small Cap, Morningstar Unconstrained, Thrivent High, and High-yield Municipal. The adviser seeks to achieve the investment objective of the fund by tactically investing long primarily in publicly tra... More
Modern Capital 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 Modern Capital'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 Modern Capital Tactical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3657 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 1.62 | |||
| Value At Risk | (0.55) | |||
| Potential Upside | 0.6757 |
Modern Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Modern Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Modern Capital's standard deviation. In reality, there are many statistical measures that can use Modern Capital historical prices to predict the future Modern Capital's volatility.| Risk Adjusted Performance | 0.1272 | |||
| Jensen Alpha | 0.0291 | |||
| Total Risk Alpha | 0.0161 | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.1675 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Modern Capital'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.
Modern Capital Tactical Backtested Returns
At this stage we consider Modern Mutual Fund to be very steady. Modern Capital Tactical has Sharpe Ratio of 0.19, which conveys that the entity had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Modern Capital, which you can use to evaluate the volatility of the fund. Please verify Modern Capital's Risk Adjusted Performance of 0.1272, mean deviation of 0.2955, and Downside Deviation of 0.3657 to check out if the risk estimate we provide is consistent with the expected return of 0.0709%. The fund secures a Beta (Market Risk) of 0.35, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Modern Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Modern Capital is expected to be smaller as well.
Auto-correlation | 0.75 |
Good predictability
Modern Capital Tactical has good predictability. Overlapping area represents the amount of predictability between Modern Capital time series from 26th of May 2024 to 24th of August 2024 and 24th of August 2024 to 22nd 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 Modern Capital Tactical price movement. The serial correlation of 0.75 indicates that around 75.0% of current Modern Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Modern Capital Tactical lagged returns against current returns
Autocorrelation, which is Modern Capital 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 Modern Capital's mutual fund expected returns. We can calculate the autocorrelation of Modern Capital returns to help us make a trade decision. For example, suppose you find that Modern Capital 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 |
Modern Capital 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 Modern Capital mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Modern Capital mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Modern Capital mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Modern Capital Lagged Returns
When evaluating Modern Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Modern Capital mutual fund have on its future price. Modern Capital 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, Modern Capital autocorrelation shows the relationship between Modern Capital mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Modern Capital Tactical.
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 Modern Mutual Fund
Modern Capital financial ratios help investors to determine whether Modern 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 Modern with respect to the benefits of owning Modern Capital security.
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