Ab Small Cap Fund Market Value
| QUAYX Fund | USD 79.09 0.42 0.53% |
| Symbol | QUAYX |
Ab Small '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 Ab Small'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 Ab Small.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Ab Small on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Ab Small Cap or generate 0.0% return on investment in Ab Small over 30 days. Ab Small is related to or competes with T Rowe, Fidelity Small, Virtus Kar, and Champlain Small. The fund invests primarily in a diversified portfolio of equities with relatively smaller capitalizations as compared to... More
Ab Small 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 Ab Small'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 Ab Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.31 | |||
| Information Ratio | 0.0524 | |||
| Maximum Drawdown | 6.76 | |||
| Value At Risk | (2.14) | |||
| Potential Upside | 1.93 |
Ab Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ab Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ab Small's standard deviation. In reality, there are many statistical measures that can use Ab Small historical prices to predict the future Ab Small's volatility.| Risk Adjusted Performance | 0.119 | |||
| Jensen Alpha | 0.0165 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0514 | |||
| Treynor Ratio | 0.1269 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ab Small'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.
Ab Small Cap Backtested Returns
Ab Small appears to be very steady, given 3 months investment horizon. Ab Small Cap retains Efficiency (Sharpe Ratio) of 0.19, which signifies that the fund had a 0.19% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for Ab Small, which you can use to evaluate the volatility of the entity. Please makes use of Ab Small's Standard Deviation of 1.28, coefficient of variation of 666.53, and Market Risk Adjusted Performance of 0.1369 to double-check if our risk estimates are consistent with your expectations. The fund owns a Beta (Systematic Risk) of 1.44, which signifies 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, Ab Small will likely underperform.
Auto-correlation | 0.96 |
Excellent predictability
Ab Small Cap has excellent predictability. Overlapping area represents the amount of predictability between Ab Small 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 Ab Small Cap price movement. The serial correlation of 0.96 indicates that 96.0% of current Ab Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.96 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 3.46 |
Ab Small Cap lagged returns against current returns
Autocorrelation, which is Ab Small 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 Ab Small's mutual fund expected returns. We can calculate the autocorrelation of Ab Small returns to help us make a trade decision. For example, suppose you find that Ab Small 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 |
Ab Small 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 Ab Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ab Small mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ab Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ab Small Lagged Returns
When evaluating Ab Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ab Small mutual fund have on its future price. Ab Small 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, Ab Small autocorrelation shows the relationship between Ab Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ab Small Cap.
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 QUAYX Mutual Fund
Ab Small financial ratios help investors to determine whether QUAYX 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 QUAYX with respect to the benefits of owning Ab Small security.
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