Midcap Sp 400 Fund Market Value
| PMFJX Fund | USD 25.80 0.08 0.31% |
| Symbol | Midcap |
Midcap Sp '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 Midcap Sp'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 Midcap Sp.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Midcap Sp on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Midcap Sp 400 or generate 0.0% return on investment in Midcap Sp over 60 days. Midcap Sp is related to or competes with Strategic Asset, Strategic Asset, Strategic Asset, Strategic Asset, Strategic Asset, International Equity, and Strategic Asset. Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment p... More
Midcap Sp 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 Midcap Sp'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 Midcap Sp 400 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8919 | |||
| Information Ratio | 0.0199 | |||
| Maximum Drawdown | 5.22 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 1.71 |
Midcap Sp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Midcap Sp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Midcap Sp's standard deviation. In reality, there are many statistical measures that can use Midcap Sp historical prices to predict the future Midcap Sp's volatility.| Risk Adjusted Performance | 0.1146 | |||
| Jensen Alpha | (0.0004) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0221 | |||
| Treynor Ratio | 0.115 |
Midcap Sp 400 Backtested Returns
At this stage we consider Midcap Mutual Fund to be very steady. Midcap Sp 400 has Sharpe Ratio of 0.14, which conveys that the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Midcap Sp, which you can use to evaluate the volatility of the fund. Please verify Midcap Sp's Downside Deviation of 0.8919, mean deviation of 0.7154, and Risk Adjusted Performance of 0.1146 to check out if the risk estimate we provide is consistent with the expected return of 0.14%. The fund secures a Beta (Market Risk) of 1.17, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Midcap Sp will likely underperform.
Auto-correlation | 0.23 |
Weak predictability
Midcap Sp 400 has weak predictability. Overlapping area represents the amount of predictability between Midcap Sp time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 Midcap Sp 400 price movement. The serial correlation of 0.23 indicates that over 23.0% of current Midcap Sp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
Midcap Sp 400 lagged returns against current returns
Autocorrelation, which is Midcap Sp 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 Midcap Sp's mutual fund expected returns. We can calculate the autocorrelation of Midcap Sp returns to help us make a trade decision. For example, suppose you find that Midcap Sp 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 |
Midcap Sp 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 Midcap Sp mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Midcap Sp mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Midcap Sp mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Midcap Sp Lagged Returns
When evaluating Midcap Sp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Midcap Sp mutual fund have on its future price. Midcap Sp 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, Midcap Sp autocorrelation shows the relationship between Midcap Sp mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Midcap Sp 400.
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 Midcap Mutual Fund
Midcap Sp financial ratios help investors to determine whether Midcap 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 Midcap with respect to the benefits of owning Midcap Sp security.
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