Paradigm Micro Cap Fund Market Value
| PVIVX Fund | USD 59.51 1.26 2.16% |
| Symbol | Paradigm |
Paradigm Micro-cap '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 Paradigm Micro-cap'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 Paradigm Micro-cap.
| 05/04/2023 |
| 11/24/2024 |
If you would invest 0.00 in Paradigm Micro-cap on May 4, 2023 and sell it all today you would earn a total of 0.00 from holding Paradigm Micro Cap Fund or generate 0.0% return on investment in Paradigm Micro-cap over 570 days. Paradigm Micro-cap is related to or competes with Paradigm Select, Needham Aggressive, Ultramid-cap Profund, Towle Deep, and Zacks Small-cap. The fund invests at least 80 percent of its net assets in the common stocks of U.S More
Paradigm Micro-cap 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 Paradigm Micro-cap'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 Paradigm Micro Cap Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.43 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 8.19 | |||
| Value At Risk | (2.03) | |||
| Potential Upside | 2.61 |
Paradigm Micro-cap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paradigm Micro-cap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paradigm Micro-cap's standard deviation. In reality, there are many statistical measures that can use Paradigm Micro-cap historical prices to predict the future Paradigm Micro-cap's volatility.| Risk Adjusted Performance | 0.0432 | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0418 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Paradigm Micro-cap'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.
Paradigm Micro Cap Backtested Returns
At this stage we consider Paradigm Mutual Fund to be very steady. Paradigm Micro Cap maintains Sharpe Ratio (i.e., Efficiency) of 0.0246, which implies the entity had a 0.0246% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Paradigm Micro Cap, which you can use to evaluate the volatility of the fund. Please check Paradigm Micro-cap's Coefficient Of Variation of 2002.39, semi deviation of 1.31, and Risk Adjusted Performance of 0.0432 to confirm if the risk estimate we provide is consistent with the expected return of 0.0356%. The fund holds a Beta of 1.54, 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, Paradigm Micro-cap will likely underperform.
Auto-correlation | 0.07 |
Virtually no predictability
Paradigm Micro Cap Fund has virtually no predictability. Overlapping area represents the amount of predictability between Paradigm Micro-cap time series from 4th of May 2023 to 13th of February 2024 and 13th of February 2024 to 24th 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 Paradigm Micro Cap price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Paradigm Micro-cap price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 4.51 |
Paradigm Micro Cap lagged returns against current returns
Autocorrelation, which is Paradigm Micro-cap 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 Paradigm Micro-cap's mutual fund expected returns. We can calculate the autocorrelation of Paradigm Micro-cap returns to help us make a trade decision. For example, suppose you find that Paradigm Micro-cap 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 |
Paradigm Micro-cap 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 Paradigm Micro-cap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paradigm Micro-cap mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paradigm Micro-cap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Paradigm Micro-cap Lagged Returns
When evaluating Paradigm Micro-cap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paradigm Micro-cap mutual fund have on its future price. Paradigm Micro-cap 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, Paradigm Micro-cap autocorrelation shows the relationship between Paradigm Micro-cap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Paradigm Micro Cap 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 Paradigm Mutual Fund
Paradigm Micro-cap financial ratios help investors to determine whether Paradigm 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 Paradigm with respect to the benefits of owning Paradigm Micro-cap security.
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