Neiman Large Cap Fund Market Value
| NEAMX Fund | USD 32.57 0.23 0.71% |
| Symbol | Neiman |
Neiman Large '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 Neiman Large'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 Neiman Large.
| 12/25/2024 |
| 01/24/2025 |
If you would invest 0.00 in Neiman Large on December 25, 2024 and sell it all today you would earn a total of 0.00 from holding Neiman Large Cap or generate 0.0% return on investment in Neiman Large over 30 days. Neiman Large is related to or competes with Touchstone Small, Df Dent, Ab Small, Kinetics Small, Ab Small, Small Pany, and Aston/crosswind Small. The fund invests primarily in common stocks of large capitalization companies that the investment adviser believes are u... More
Neiman Large 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 Neiman Large'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 Neiman Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6601 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 4.82 | |||
| Value At Risk | (1.04) | |||
| Potential Upside | 0.9907 |
Neiman Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Neiman Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Neiman Large's standard deviation. In reality, there are many statistical measures that can use Neiman Large historical prices to predict the future Neiman Large's volatility.| Risk Adjusted Performance | 0.0345 | |||
| Jensen Alpha | 0.0069 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.059 |
Neiman Large Cap Backtested Returns
At this stage we consider Neiman Mutual Fund to be very steady. Neiman Large Cap has Sharpe Ratio of 0.054, which conveys that the entity had a 0.054 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Neiman Large, which you can use to evaluate the volatility of the fund. Please verify Neiman Large's Downside Deviation of 0.6601, mean deviation of 0.4711, and Risk Adjusted Performance of 0.0345 to check out if the risk estimate we provide is consistent with the expected return of 0.0382%. The fund secures a Beta (Market Risk) of 0.33, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Neiman Large's returns are expected to increase less than the market. However, during the bear market, the loss of holding Neiman Large is expected to be smaller as well.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Neiman Large Cap has insignificant reverse predictability. Overlapping area represents the amount of predictability between Neiman Large time series from 25th of December 2024 to 9th of January 2025 and 9th of January 2025 to 24th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Neiman Large Cap price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Neiman Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Neiman Large Cap lagged returns against current returns
Autocorrelation, which is Neiman Large 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 Neiman Large's mutual fund expected returns. We can calculate the autocorrelation of Neiman Large returns to help us make a trade decision. For example, suppose you find that Neiman Large 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 |
Neiman Large 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 Neiman Large mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Neiman Large mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Neiman Large mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Neiman Large Lagged Returns
When evaluating Neiman Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Neiman Large mutual fund have on its future price. Neiman Large 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, Neiman Large autocorrelation shows the relationship between Neiman Large mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Neiman Large Cap.
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 Neiman Mutual Fund
Neiman Large financial ratios help investors to determine whether Neiman 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 Neiman with respect to the benefits of owning Neiman Large security.
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