Polar Capital Emerging Fund Market Value
| POLCX Fund | 11.47 0.10 0.88% |
| Symbol | Polar |
Polar Capital '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 Polar Capital'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 Polar Capital.
| 12/01/2023 |
| 11/25/2024 |
If you would invest 0.00 in Polar Capital on December 1, 2023 and sell it all today you would earn a total of 0.00 from holding Polar Capital Emerging or generate 0.0% return on investment in Polar Capital over 360 days. Polar Capital is related to or competes with Polar Capital, Fidelity Capital, Fidelity Nasdaq, Utilities Portfolio, Columbia Large, and Vanguard 500. Under normal market conditions, the fund invests at least 80 percent of its net assets for investment purposes in equity... More
Polar Capital 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 Polar Capital'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 Polar Capital Emerging upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 5.07 | |||
| Value At Risk | (1.57) | |||
| Potential Upside | 1.42 |
Polar Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Polar Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Polar Capital's standard deviation. In reality, there are many statistical measures that can use Polar Capital historical prices to predict the future Polar Capital's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.10) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Polar Capital's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Polar Capital Emerging Backtested Returns
Polar Capital Emerging maintains Sharpe Ratio (i.e., Efficiency) of -0.0854, which implies the entity had a -0.0854% return per unit of risk over the last 3 months. Polar Capital Emerging exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Polar Capital's Coefficient Of Variation of (1,544), risk adjusted performance of (0.05), and Variance of 0.9993 to confirm the risk estimate we provide. The fund holds a Beta of 0.74, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Polar Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Polar Capital is expected to be smaller as well.
Auto-correlation | 0.11 |
Insignificant predictability
Polar Capital Emerging has insignificant predictability. Overlapping area represents the amount of predictability between Polar Capital time series from 1st of December 2023 to 29th of May 2024 and 29th of May 2024 to 25th 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 Polar Capital Emerging price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Polar Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Polar Capital Emerging lagged returns against current returns
Autocorrelation, which is Polar Capital 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 Polar Capital's mutual fund expected returns. We can calculate the autocorrelation of Polar Capital returns to help us make a trade decision. For example, suppose you find that Polar Capital 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 |
Polar Capital 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 Polar Capital mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Polar Capital mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Polar Capital mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Polar Capital Lagged Returns
When evaluating Polar Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Polar Capital mutual fund have on its future price. Polar Capital 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, Polar Capital autocorrelation shows the relationship between Polar Capital mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Polar Capital Emerging.
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 Polar Mutual Fund
Polar Capital financial ratios help investors to determine whether Polar 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 Polar with respect to the benefits of owning Polar Capital security.
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