Small Midcap Dividend Income Fund Market Value
| PMDAX Fund | USD 19.15 0.16 0.83% |
| Symbol | Small |
Small 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 Small 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 Small Midcap.
| 08/06/2024 |
| 02/02/2025 |
If you would invest 0.00 in Small Midcap on August 6, 2024 and sell it all today you would earn a total of 0.00 from holding Small Midcap Dividend Income or generate 0.0% return on investment in Small Midcap over 180 days. Small Midcap is related to or competes with Rbb Fund, Barings Global, L Abbett, and Pnc Balanced. The fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in dividend-paying ... More
Small 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 Small 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 Small Midcap Dividend Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.14 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 7.95 | |||
| Value At Risk | (1.45) | |||
| Potential Upside | 1.5 |
Small Midcap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Small Midcap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Small Midcap's standard deviation. In reality, there are many statistical measures that can use Small Midcap historical prices to predict the future Small Midcap's volatility.| Risk Adjusted Performance | 0.0034 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0.02) |
Small Midcap Dividend Backtested Returns
At this stage we consider Small Mutual Fund to be very steady. Small Midcap Dividend owns Efficiency Ratio (i.e., Sharpe Ratio) of close to zero, which indicates the fund had a close to zero % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Small Midcap Dividend Income, which you can use to evaluate the volatility of the fund. Please validate Small Midcap's Coefficient Of Variation of 115550.26, semi deviation of 1.1, and Risk Adjusted Performance of 0.0034 to confirm if the risk estimate we provide is consistent with the expected return of 0.0094%. The entity has a beta of 0.53, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Small Midcap's returns are expected to increase less than the market. However, during the bear market, the loss of holding Small Midcap is expected to be smaller as well.
Auto-correlation | -0.54 |
Good reverse predictability
Small Midcap Dividend Income has good reverse predictability. Overlapping area represents the amount of predictability between Small Midcap time series from 6th of August 2024 to 4th of November 2024 and 4th of November 2024 to 2nd of February 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 Small Midcap Dividend price movement. The serial correlation of -0.54 indicates that about 54.0% of current Small Midcap price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.63 |
Small Midcap Dividend lagged returns against current returns
Autocorrelation, which is Small 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 Small Midcap's mutual fund expected returns. We can calculate the autocorrelation of Small Midcap returns to help us make a trade decision. For example, suppose you find that Small 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 |
Small 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 Small Midcap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Small 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 Small Midcap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Small Midcap Lagged Returns
When evaluating Small Midcap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Small Midcap mutual fund have on its future price. Small 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, Small Midcap autocorrelation shows the relationship between Small Midcap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Small Midcap Dividend Income.
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 Small Mutual Fund
Small Midcap financial ratios help investors to determine whether Small 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 Small with respect to the benefits of owning Small Midcap security.
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Money Managers Screen money managers from public funds and ETFs managed around the world |