Edge Midcap Fund Market Value
| PEDMX Fund | USD 14.25 0.03 0.21% |
| Symbol | Edge |
Edge Midcap '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 Edge Midcap'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 Edge Midcap.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Edge Midcap on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Edge Midcap Fund or generate 0.0% return on investment in Edge Midcap over 540 days. Edge Midcap is related to or competes with Barings Emerging, Calvert Emerging, Siit Emerging, Goldman Sachs, Eagle Mlp, Ep Emerging, and Artisan Emerging. Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment p... More
Edge Midcap 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 Edge Midcap'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 Edge Midcap Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7744 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 3.61 | |||
| Value At Risk | (1.16) | |||
| Potential Upside | 1.5 |
Edge Midcap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Edge Midcap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Edge Midcap's standard deviation. In reality, there are many statistical measures that can use Edge Midcap historical prices to predict the future Edge Midcap's volatility.| Risk Adjusted Performance | 0.1037 | |||
| Jensen Alpha | 0.083 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.8344 |
Edge Midcap Fund Backtested Returns
At this stage we consider Edge Mutual Fund to be very steady. Edge Midcap Fund secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the fund had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Edge Midcap Fund, which you can use to evaluate the volatility of the entity. Please confirm Edge Midcap's Coefficient Of Variation of 740.37, downside deviation of 0.7744, and Mean Deviation of 0.6167 to check if the risk estimate we provide is consistent with the expected return of 0.14%. The fund shows a Beta (market volatility) of 0.12, which means not very significant fluctuations relative to the market. As returns on the market increase, Edge Midcap's returns are expected to increase less than the market. However, during the bear market, the loss of holding Edge Midcap is expected to be smaller as well.
Auto-correlation | 0.59 |
Modest predictability
Edge Midcap Fund has modest predictability. Overlapping area represents the amount of predictability between Edge Midcap time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th 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 Edge Midcap Fund price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Edge Midcap price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Edge Midcap Fund lagged returns against current returns
Autocorrelation, which is Edge Midcap 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 Edge Midcap's mutual fund expected returns. We can calculate the autocorrelation of Edge Midcap returns to help us make a trade decision. For example, suppose you find that Edge Midcap 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 |
Edge Midcap 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 Edge Midcap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Edge Midcap mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Edge Midcap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Edge Midcap Lagged Returns
When evaluating Edge Midcap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Edge Midcap mutual fund have on its future price. Edge Midcap 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, Edge Midcap autocorrelation shows the relationship between Edge Midcap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Edge Midcap Fund.
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 Edge Mutual Fund
Edge Midcap financial ratios help investors to determine whether Edge 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 Edge with respect to the benefits of owning Edge Midcap security.
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