Midcap Value Fund Market Value
| PVEJX Fund | USD 19.35 0.01 0.05% |
| Symbol | Midcap |
Midcap Value '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 Value'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 Value.
| 06/10/2023 |
| 12/01/2024 |
If you would invest 0.00 in Midcap Value on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding Midcap Value Fund or generate 0.0% return on investment in Midcap Value over 540 days. Midcap Value 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 Value 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 Value'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 Value Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6446 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.61 | |||
| Value At Risk | (1.01) | |||
| Potential Upside | 1.12 |
Midcap Value Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Midcap Value's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Midcap Value's standard deviation. In reality, there are many statistical measures that can use Midcap Value historical prices to predict the future Midcap Value's volatility.| Risk Adjusted Performance | 0.111 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.1125 |
Midcap Value Backtested Returns
At this stage we consider Midcap Mutual Fund to be very steady. Midcap Value has Sharpe Ratio of 0.17, which conveys that the entity had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Midcap Value, which you can use to evaluate the volatility of the fund. Please verify Midcap Value's Downside Deviation of 0.6446, risk adjusted performance of 0.111, and Mean Deviation of 0.5541 to check out if the risk estimate we provide is consistent with the expected return of 0.12%. The fund secures a Beta (Market Risk) of 0.84, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Midcap Value's returns are expected to increase less than the market. However, during the bear market, the loss of holding Midcap Value is expected to be smaller as well.
Auto-correlation | 0.56 |
Modest predictability
Midcap Value Fund has modest predictability. Overlapping area represents the amount of predictability between Midcap Value time series from 10th of June 2023 to 6th of March 2024 and 6th of March 2024 to 1st of December 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 Value price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Midcap Value price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.47 |
Midcap Value lagged returns against current returns
Autocorrelation, which is Midcap Value 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 Value's mutual fund expected returns. We can calculate the autocorrelation of Midcap Value returns to help us make a trade decision. For example, suppose you find that Midcap Value 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 Value 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 Value mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Midcap Value 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 Value mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Midcap Value Lagged Returns
When evaluating Midcap Value's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Midcap Value mutual fund have on its future price. Midcap Value 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 Value autocorrelation shows the relationship between Midcap Value mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Midcap Value 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 Midcap Mutual Fund
Midcap Value 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 Value security.
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