Spectrum Growth Fund Market Value
| PRSGX Fund | USD 28.24 0.04 0.14% |
| Symbol | Spectrum |
Spectrum Growth '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 Spectrum Growth'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 Spectrum Growth.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Spectrum Growth on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Spectrum Growth Fund or generate 0.0% return on investment in Spectrum Growth over 30 days. Spectrum Growth is related to or competes with Morningstar Unconstrained, Thrivent High, Via Renewables, Bayview Acquisition, T Rowe, Coca Cola, and Sitka Gold. The fund broadly diversifies its assets among a set of T More
Spectrum Growth 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 Spectrum Growth'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 Spectrum Growth Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7398 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.42 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 0.9664 |
Spectrum Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spectrum Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spectrum Growth's standard deviation. In reality, there are many statistical measures that can use Spectrum Growth historical prices to predict the future Spectrum Growth's volatility.| Risk Adjusted Performance | 0.0899 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.09 |
Spectrum Growth Backtested Returns
At this stage we consider Spectrum Mutual Fund to be very steady. Spectrum Growth owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the fund had a 0.17% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Spectrum Growth Fund, which you can use to evaluate the volatility of the fund. Please validate Spectrum Growth's Coefficient Of Variation of 841.02, risk adjusted performance of 0.0899, and Semi Deviation of 0.5983 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. The entity has a beta of 0.79, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Spectrum Growth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Spectrum Growth is expected to be smaller as well.
Auto-correlation | 0.96 |
Excellent predictability
Spectrum Growth Fund has excellent predictability. Overlapping area represents the amount of predictability between Spectrum Growth time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Spectrum Growth price movement. The serial correlation of 0.96 indicates that 96.0% of current Spectrum Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.96 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Spectrum Growth lagged returns against current returns
Autocorrelation, which is Spectrum Growth 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 Spectrum Growth's mutual fund expected returns. We can calculate the autocorrelation of Spectrum Growth returns to help us make a trade decision. For example, suppose you find that Spectrum Growth 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 |
Spectrum Growth 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 Spectrum Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spectrum Growth mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spectrum Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Spectrum Growth Lagged Returns
When evaluating Spectrum Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spectrum Growth mutual fund have on its future price. Spectrum Growth 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, Spectrum Growth autocorrelation shows the relationship between Spectrum Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Spectrum Growth 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 Spectrum Mutual Fund
Spectrum Growth financial ratios help investors to determine whether Spectrum 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 Spectrum with respect to the benefits of owning Spectrum Growth security.
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