Mid Cap Growth Profund Fund Market Value
| MGPSX Fund | USD 84.06 0.31 0.37% |
| Symbol | Mid-cap |
Mid-cap Growth '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 Mid-cap Growth'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 Mid-cap Growth.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Mid-cap Growth on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Mid Cap Growth Profund or generate 0.0% return on investment in Mid-cap Growth over 690 days. Mid-cap Growth is related to or competes with Arrow Managed, Volumetric Fund, Rbb Fund, Rbc Microcap, and Ab Value. The fund invests in financial instruments that the fund advisors believes, in combination, should track the performance ... More
Mid-cap Growth 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 Mid-cap Growth'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 Mid Cap Growth Profund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9729 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 5.11 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 1.65 |
Mid-cap Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mid-cap Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mid-cap Growth's standard deviation. In reality, there are many statistical measures that can use Mid-cap Growth historical prices to predict the future Mid-cap Growth's volatility.| Risk Adjusted Performance | 0.0938 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0942 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mid-cap Growth'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.
Mid Cap Growth Backtested Returns
At this stage we consider Mid-cap Mutual Fund to be very steady. Mid Cap Growth 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-seven technical indicators for Mid-cap Growth, which you can use to evaluate the volatility of the fund. Please verify Mid-cap Growth's Risk Adjusted Performance of 0.0938, mean deviation of 0.7284, and Downside Deviation of 0.9729 to check out if the risk estimate we provide is consistent with the expected return of 0.17%. The fund secures a Beta (Market Risk) of 1.15, which conveys a somewhat significant risk relative to the market. Mid-cap Growth returns are very sensitive to returns on the market. As the market goes up or down, Mid-cap Growth is expected to follow.
Auto-correlation | 0.06 |
Virtually no predictability
Mid Cap Growth Profund has virtually no predictability. Overlapping area represents the amount of predictability between Mid-cap Growth time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th 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 Mid Cap Growth price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Mid-cap Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 14.07 |
Mid Cap Growth lagged returns against current returns
Autocorrelation, which is Mid-cap Growth 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 Mid-cap Growth's mutual fund expected returns. We can calculate the autocorrelation of Mid-cap Growth returns to help us make a trade decision. For example, suppose you find that Mid-cap Growth 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 |
Mid-cap Growth 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 Mid-cap Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mid-cap Growth mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mid-cap Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mid-cap Growth Lagged Returns
When evaluating Mid-cap Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mid-cap Growth mutual fund have on its future price. Mid-cap Growth 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, Mid-cap Growth autocorrelation shows the relationship between Mid-cap Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mid Cap Growth Profund.
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 Mid-cap Mutual Fund
Mid-cap Growth financial ratios help investors to determine whether Mid-cap 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 Mid-cap with respect to the benefits of owning Mid-cap Growth security.
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