Ab Small Cap Fund Market Value

SCAVX Fund  USD 15.57  0.01  0.06%   
Ab Small's market value is the price at which a share of Ab Small trades on a public exchange. It measures the collective expectations of Ab Small Cap investors about its performance. Ab Small is trading at 15.57 as of the 22nd of November 2024; that is 0.06% up since the beginning of the trading day. The fund's open price was 15.56.
With this module, you can estimate the performance of a buy and hold strategy of Ab Small Cap and determine expected loss or profit from investing in Ab Small over a given investment horizon. Check out Ab Small Correlation, Ab Small Volatility and Ab Small Alpha and Beta module to complement your research on Ab Small.
Symbol

Please note, there is a significant difference between Ab Small's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ab Small is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ab Small's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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.
0.00
10/23/2024
No Change 0.00  0.0 
In 31 days
11/22/2024
0.00
If you would invest  0.00  in Ab Small on October 23, 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 Hennessy, Jennison Natural, Dreyfus Natural, Franklin Natural, and Oil Gas. Under normal circumstances, the fund invests at least 80 percent of its net assets in equity securities of small-capital... 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.

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.
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.
Hype
Prediction
LowEstimatedHigh
14.2715.5716.87
Details
Intrinsic
Valuation
LowRealHigh
14.1615.4616.76
Details
Naive
Forecast
LowNextHigh
13.9115.2116.51
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
14.3515.3016.26
Details

Ab Small Cap Backtested Returns

At this stage we consider SCAVX Mutual Fund to be very steady. Ab Small Cap retains Efficiency (Sharpe Ratio) of 0.0453, which signifies that the fund had a 0.0453% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for Ab Small, which you can use to evaluate the volatility of the entity. Please confirm Ab Small's Market Risk Adjusted Performance of 0.0455, coefficient of variation of 2207.25, and Standard Deviation of 1.3 to double-check if the risk estimate we provide is consistent with the expected return of 0.059%. The fund owns a Beta (Systematic Risk) of 1.38, 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

    
  -0.31  

Poor reverse predictability

Ab Small Cap has poor reverse predictability. Overlapping area represents the amount of predictability between Ab Small time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 -0.31 indicates that nearly 31.0% of current Ab Small price fluctuation can be explain by its past prices.
Correlation Coefficient-0.31
Spearman Rank Test-0.44
Residual Average0.0
Price Variance0.04

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 SCAVX Mutual Fund

Ab Small financial ratios help investors to determine whether SCAVX 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 SCAVX with respect to the benefits of owning Ab Small security.
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