Alpssmith Total Return Fund Market Value
| SMCHX Fund | USD 9.56 0.01 0.10% |
| Symbol | Alps/smith |
Alps/smith Total '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 Alps/smith Total'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 Alps/smith Total.
| 12/31/2024 |
| 01/30/2025 |
If you would invest 0.00 in Alps/smith Total on December 31, 2024 and sell it all today you would earn a total of 0.00 from holding Alpssmith Total Return or generate 0.0% return on investment in Alps/smith Total over 30 days. Alps/smith Total is related to or competes with Needham Aggressive, Small Pany, Small Cap, The Hartford, T Rowe, Eip Growth, and Upright Growth. The fund pursues its investment objective by primarily investing, under normal circumstances, at least 80 percent of its... More
Alps/smith Total 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 Alps/smith Total'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 Alpssmith Total Return upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 1.26 | |||
| Value At Risk | (0.52) | |||
| Potential Upside | 0.5252 |
Alps/smith Total Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alps/smith Total's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alps/smith Total's standard deviation. In reality, there are many statistical measures that can use Alps/smith Total historical prices to predict the future Alps/smith Total's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.18) |
Alpssmith Total Return Backtested Returns
At this stage we consider Alps/smith Mutual Fund to be very steady. Alpssmith Total Return secures Sharpe Ratio (or Efficiency) of 0.0137, which signifies that the fund had a 0.0137 % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Alpssmith Total Return, which you can use to evaluate the volatility of the entity. Please confirm Alps/smith Total's Risk Adjusted Performance of (0.03), standard deviation of 0.2798, and Mean Deviation of 0.205 to double-check if the risk estimate we provide is consistent with the expected return of 0.0039%. The fund shows a Beta (market volatility) of 0.079, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Alps/smith Total's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alps/smith Total is expected to be smaller as well.
Auto-correlation | -0.6 |
Good reverse predictability
Alpssmith Total Return has good reverse predictability. Overlapping area represents the amount of predictability between Alps/smith Total time series from 31st of December 2024 to 15th of January 2025 and 15th of January 2025 to 30th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Alpssmith Total Return price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Alps/smith Total price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Alpssmith Total Return lagged returns against current returns
Autocorrelation, which is Alps/smith Total 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 Alps/smith Total's mutual fund expected returns. We can calculate the autocorrelation of Alps/smith Total returns to help us make a trade decision. For example, suppose you find that Alps/smith Total 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 |
Alps/smith Total 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 Alps/smith Total mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alps/smith Total mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alps/smith Total mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Alps/smith Total Lagged Returns
When evaluating Alps/smith Total's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alps/smith Total mutual fund have on its future price. Alps/smith Total 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, Alps/smith Total autocorrelation shows the relationship between Alps/smith Total mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Alpssmith Total Return.
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 Alps/smith Mutual Fund
Alps/smith Total financial ratios help investors to determine whether Alps/smith 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 Alps/smith with respect to the benefits of owning Alps/smith Total security.
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