Equity Growth Strategy Fund Market Value
| RELUX Fund | USD 15.71 0.01 0.06% |
| Symbol | Equity |
Equity 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 Equity 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 Equity Growth.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Equity Growth on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Equity Growth Strategy or generate 0.0% return on investment in Equity Growth over 180 days. Equity Growth is related to or competes with Jhancock Diversified, Adams Diversified, Pgim Conservative, Pimco Diversified, and American Funds. The fund is a fund of funds, which seeks to achieve its objective by investing in a combination of several other Russell... More
Equity 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 Equity 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 Equity Growth Strategy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7106 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 3.0 | |||
| Value At Risk | (0.97) | |||
| Potential Upside | 0.8339 |
Equity Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Equity Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Equity Growth's standard deviation. In reality, there are many statistical measures that can use Equity Growth historical prices to predict the future Equity Growth's volatility.| Risk Adjusted Performance | 0.0567 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.0577 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Equity Growth'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.
Equity Growth Strategy Backtested Returns
At this stage we consider Equity Mutual Fund to be very steady. Equity Growth Strategy secures Sharpe Ratio (or Efficiency) of 0.0855, which denotes the fund had a 0.0855% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Equity Growth Strategy, which you can use to evaluate the volatility of the entity. Please confirm Equity Growth's Coefficient Of Variation of 1294.52, downside deviation of 0.7106, and Mean Deviation of 0.477 to check if the risk estimate we provide is consistent with the expected return of 0.0535%. The fund shows a Beta (market volatility) of 0.66, which means possible diversification benefits within a given portfolio. As returns on the market increase, Equity Growth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Equity Growth is expected to be smaller as well.
Auto-correlation | 0.54 |
Modest predictability
Equity Growth Strategy has modest predictability. Overlapping area represents the amount of predictability between Equity Growth time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th 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 Equity Growth Strategy price movement. The serial correlation of 0.54 indicates that about 54.0% of current Equity Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Equity Growth Strategy lagged returns against current returns
Autocorrelation, which is Equity 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 Equity Growth's mutual fund expected returns. We can calculate the autocorrelation of Equity Growth returns to help us make a trade decision. For example, suppose you find that Equity 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 |
Equity 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 Equity Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Equity 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 Equity Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Equity Growth Lagged Returns
When evaluating Equity Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Equity Growth mutual fund have on its future price. Equity 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, Equity Growth autocorrelation shows the relationship between Equity Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Equity Growth Strategy.
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 Equity Mutual Fund
Equity Growth financial ratios help investors to determine whether Equity 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 Equity with respect to the benefits of owning Equity Growth security.
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