Midas Fund Midas Fund Market Value
| MIDSX Fund | USD 3.45 0.04 1.15% |
| Symbol | Midas |
Midas Fund '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 Midas Fund'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 Midas Fund.
| 01/16/2024 |
| 01/05/2026 |
If you would invest 0.00 in Midas Fund on January 16, 2024 and sell it all today you would earn a total of 0.00 from holding Midas Fund Midas or generate 0.0% return on investment in Midas Fund over 720 days. Midas Fund is related to or competes with Tsw Equity, Saat Moderate, Amg Managers, Quantex Fund, Quantex Fund, Quantex Fund, and Guggenheim Municipal. In pursuit of its investment objectives, the fund invests at least 65 percent of its total assets in securities of compa... More
Midas Fund 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 Midas Fund'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 Midas Fund Midas upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.33 | |||
| Information Ratio | 0.0818 | |||
| Maximum Drawdown | 13.39 | |||
| Value At Risk | (4.56) | |||
| Potential Upside | 3.73 |
Midas Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Midas Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Midas Fund's standard deviation. In reality, there are many statistical measures that can use Midas Fund historical prices to predict the future Midas Fund's volatility.| Risk Adjusted Performance | 0.0835 | |||
| Jensen Alpha | 0.2094 | |||
| Total Risk Alpha | 0.0634 | |||
| Sortino Ratio | 0.0629 | |||
| Treynor Ratio | 0.2645 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Midas Fund'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.
Midas Fund Midas Backtested Returns
Midas Fund appears to be moderately volatile, given 3 months investment horizon. Midas Fund Midas has Sharpe Ratio of 0.0974, which conveys that the entity had a 0.0974 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Midas Fund, which you can use to evaluate the volatility of the fund. Please exercise Midas Fund's Downside Deviation of 3.33, risk adjusted performance of 0.0835, and Mean Deviation of 1.8 to check out if our risk estimates are consistent with your expectations. The fund secures a Beta (Market Risk) of 1.0, which conveys a somewhat significant risk relative to the market. Midas Fund returns are very sensitive to returns on the market. As the market goes up or down, Midas Fund is expected to follow.
Auto-correlation | 0.78 |
Good predictability
Midas Fund Midas has good predictability. Overlapping area represents the amount of predictability between Midas Fund time series from 16th of January 2024 to 10th of January 2025 and 10th of January 2025 to 5th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Midas Fund Midas price movement. The serial correlation of 0.78 indicates that around 78.0% of current Midas Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
Midas Fund Midas lagged returns against current returns
Autocorrelation, which is Midas Fund 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 Midas Fund's mutual fund expected returns. We can calculate the autocorrelation of Midas Fund returns to help us make a trade decision. For example, suppose you find that Midas Fund 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 |
Midas Fund 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 Midas Fund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Midas Fund mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Midas Fund mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Midas Fund Lagged Returns
When evaluating Midas Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Midas Fund mutual fund have on its future price. Midas Fund 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, Midas Fund autocorrelation shows the relationship between Midas Fund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Midas Fund Midas.
Regressed Prices |
| Timeline |
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Other Information on Investing in Midas Mutual Fund
Midas Fund financial ratios help investors to determine whether Midas 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 Midas with respect to the benefits of owning Midas Fund security.
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios |