Needham Aggressive Growth Fund Market Value
| NEAGX Fund | USD 47.97 0.21 0.44% |
| Symbol | Needham |
Needham Aggressive '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 Needham Aggressive'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 Needham Aggressive.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Needham Aggressive on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Needham Aggressive Growth or generate 0.0% return on investment in Needham Aggressive over 180 days. Needham Aggressive is related to or competes with Needham Small, Needham Growth, Needham Aggressive, Oberweis Micro-cap, and Intrepid Endurance. Under normal conditions, the fund invests at least 65 percent of its total assets in the equity securities of domestic i... More
Needham Aggressive 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 Needham Aggressive'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 Needham Aggressive Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.38 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 6.71 | |||
| Value At Risk | (2.26) | |||
| Potential Upside | 2.18 |
Needham Aggressive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Needham Aggressive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Needham Aggressive's standard deviation. In reality, there are many statistical measures that can use Needham Aggressive historical prices to predict the future Needham Aggressive's volatility.| Risk Adjusted Performance | 0.0368 | |||
| Jensen Alpha | 0.0164 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.1789 |
Needham Aggressive Growth Backtested Returns
At this stage we consider Needham Mutual Fund to be very steady. Needham Aggressive Growth has Sharpe Ratio of 0.0651, which conveys that the entity had a 0.0651% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Needham Aggressive, which you can use to evaluate the volatility of the fund. Please verify Needham Aggressive's Downside Deviation of 1.38, risk adjusted performance of 0.0368, and Mean Deviation of 1.07 to check out if the risk estimate we provide is consistent with the expected return of 0.0935%. The fund secures a Beta (Market Risk) of 0.28, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Needham Aggressive's returns are expected to increase less than the market. However, during the bear market, the loss of holding Needham Aggressive is expected to be smaller as well.
Auto-correlation | 0.03 |
Virtually no predictability
Needham Aggressive Growth has virtually no predictability. Overlapping area represents the amount of predictability between Needham Aggressive time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th 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 Needham Aggressive Growth price movement. The serial correlation of 0.03 indicates that only 3.0% of current Needham Aggressive price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 1.42 |
Needham Aggressive Growth lagged returns against current returns
Autocorrelation, which is Needham Aggressive 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 Needham Aggressive's mutual fund expected returns. We can calculate the autocorrelation of Needham Aggressive returns to help us make a trade decision. For example, suppose you find that Needham Aggressive 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 |
Needham Aggressive 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 Needham Aggressive mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Needham Aggressive mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Needham Aggressive mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Needham Aggressive Lagged Returns
When evaluating Needham Aggressive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Needham Aggressive mutual fund have on its future price. Needham Aggressive 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, Needham Aggressive autocorrelation shows the relationship between Needham Aggressive mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Needham Aggressive Growth.
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 Needham Mutual Fund
Needham Aggressive financial ratios help investors to determine whether Needham 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 Needham with respect to the benefits of owning Needham Aggressive security.
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