Primecap Odyssey Aggressive Fund Market Value
| POAGX Fund | USD 49.49 0.15 0.30% |
| Symbol | Primecap |
Primecap Odyssey '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 Primecap Odyssey'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 Primecap Odyssey.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Primecap Odyssey on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Primecap Odyssey Aggressive or generate 0.0% return on investment in Primecap Odyssey over 180 days. Primecap Odyssey is related to or competes with Primecap Odyssey, Primecap Odyssey, Vanguard Primecap, Vanguard Selected, and Vanguard Dividend. The fund invests primarily in the common stocks of U.S More
Primecap Odyssey 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 Primecap Odyssey'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 Primecap Odyssey Aggressive upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.16 | |||
| Information Ratio | 0.0097 | |||
| Maximum Drawdown | 5.1 | |||
| Value At Risk | (1.98) | |||
| Potential Upside | 1.81 |
Primecap Odyssey Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Primecap Odyssey's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Primecap Odyssey's standard deviation. In reality, there are many statistical measures that can use Primecap Odyssey historical prices to predict the future Primecap Odyssey's volatility.| Risk Adjusted Performance | 0.0985 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0096 | |||
| Treynor Ratio | 0.1104 |
Primecap Odyssey Agg Backtested Returns
At this stage we consider Primecap Mutual Fund to be very steady. Primecap Odyssey Agg maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Primecap Odyssey Agg, which you can use to evaluate the volatility of the fund. Please check Primecap Odyssey's Semi Deviation of 0.9734, coefficient of variation of 802.5, and Risk Adjusted Performance of 0.0985 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. The fund holds a Beta of 1.19, which implies 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, Primecap Odyssey will likely underperform.
Auto-correlation | -0.23 |
Weak reverse predictability
Primecap Odyssey Aggressive has weak reverse predictability. Overlapping area represents the amount of predictability between Primecap Odyssey 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 Primecap Odyssey Agg price movement. The serial correlation of -0.23 indicates that over 23.0% of current Primecap Odyssey price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 2.81 |
Primecap Odyssey Agg lagged returns against current returns
Autocorrelation, which is Primecap Odyssey 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 Primecap Odyssey's mutual fund expected returns. We can calculate the autocorrelation of Primecap Odyssey returns to help us make a trade decision. For example, suppose you find that Primecap Odyssey 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 |
Primecap Odyssey 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 Primecap Odyssey mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Primecap Odyssey mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Primecap Odyssey mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Primecap Odyssey Lagged Returns
When evaluating Primecap Odyssey's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Primecap Odyssey mutual fund have on its future price. Primecap Odyssey 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, Primecap Odyssey autocorrelation shows the relationship between Primecap Odyssey mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Primecap Odyssey Aggressive.
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 Primecap Mutual Fund
Primecap Odyssey financial ratios help investors to determine whether Primecap 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 Primecap with respect to the benefits of owning Primecap Odyssey security.
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