Small Cap Growth Profund Fund Market Value

SGPSX Fund  USD 91.02  1.47  1.64%   
Small-cap Growth's market value is the price at which a share of Small-cap Growth trades on a public exchange. It measures the collective expectations of Small Cap Growth Profund investors about its performance. Small-cap Growth is trading at 91.02 as of the 25th of November 2024; that is 1.64 percent up since the beginning of the trading day. The fund's open price was 89.55.
With this module, you can estimate the performance of a buy and hold strategy of Small Cap Growth Profund and determine expected loss or profit from investing in Small-cap Growth over a given investment horizon. Check out Small-cap Growth Correlation, Small-cap Growth Volatility and Small-cap Growth Alpha and Beta module to complement your research on Small-cap Growth.
Symbol

Please note, there is a significant difference between Small-cap Growth's value and its price as these two are different measures arrived at by different means. Investors typically determine if Small-cap Growth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Small-cap Growth'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.

Small-cap 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 Small-cap 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 Small-cap Growth.
0.00
02/29/2024
No Change 0.00  0.0 
In 8 months and 28 days
11/25/2024
0.00
If you would invest  0.00  in Small-cap Growth on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Small Cap Growth Profund or generate 0.0% return on investment in Small-cap Growth over 270 days. Small-cap Growth is related to or competes with Ab Core, Ips Strategic, Acm Tactical, Center Coast, Qs Us, Rbb Fund, and Volumetric Fund. The fund invests in financial instruments that the fund Advisors believes, in combination, should track the performance ... More

Small-cap 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 Small-cap 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 Small Cap Growth Profund upside and downside potential and time the market with a certain degree of confidence.

Small-cap Growth Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Small-cap Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Small-cap Growth's standard deviation. In reality, there are many statistical measures that can use Small-cap Growth historical prices to predict the future Small-cap Growth's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Small-cap 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.
Hype
Prediction
LowEstimatedHigh
89.7291.0292.32
Details
Intrinsic
Valuation
LowRealHigh
82.4483.74100.12
Details
Naive
Forecast
LowNextHigh
86.9688.2689.56
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
89.1490.5391.92
Details

Small Cap Growth Backtested Returns

At this stage we consider Small-cap Mutual Fund to be very steady. Small Cap Growth owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0898, which indicates the fund had a 0.0898% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Small Cap Growth Profund, which you can use to evaluate the volatility of the fund. Please validate Small-cap Growth's Risk Adjusted Performance of 0.0875, semi deviation of 0.9177, and Coefficient Of Variation of 920.44 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. The entity has a beta of 1.52, which indicates 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, Small-cap Growth will likely underperform.

Auto-correlation

    
  0.21  

Weak predictability

Small Cap Growth Profund has weak predictability. Overlapping area represents the amount of predictability between Small-cap Growth time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 Small Cap Growth price movement. The serial correlation of 0.21 indicates that over 21.0% of current Small-cap Growth price fluctuation can be explain by its past prices.
Correlation Coefficient0.21
Spearman Rank Test0.11
Residual Average0.0
Price Variance6.85

Small Cap Growth lagged returns against current returns

Autocorrelation, which is Small-cap 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 Small-cap Growth's mutual fund expected returns. We can calculate the autocorrelation of Small-cap Growth returns to help us make a trade decision. For example, suppose you find that Small-cap 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  

Small-cap 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 Small-cap Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Small-cap 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 Small-cap Growth mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Small-cap Growth Lagged Returns

When evaluating Small-cap Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Small-cap Growth mutual fund have on its future price. Small-cap 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, Small-cap Growth autocorrelation shows the relationship between Small-cap Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Small Cap Growth Profund.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Small-cap Mutual Fund

Small-cap Growth financial ratios help investors to determine whether Small-cap 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 Small-cap with respect to the benefits of owning Small-cap Growth security.
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