Sp Smallcap Index Fund Market Value
| SMLKX Fund | USD 24.14 0.40 1.63% |
| Symbol | SMLKX |
Sp Smallcap '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 Sp Smallcap'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 Sp Smallcap.
| 11/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Sp Smallcap on November 29, 2023 and sell it all today you would earn a total of 0.00 from holding Sp Smallcap Index or generate 0.0% return on investment in Sp Smallcap over 360 days. Sp Smallcap is related to or competes with Gmo Us, William Blair, Aqr Large, Enhanced, Tax-managed, Morningstar Unconstrained, and Rational Strategic. The SP SmallCap 600 Index includes common stocks of 600 small U.S More
Sp Smallcap 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 Sp Smallcap'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 Sp Smallcap Index upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.03 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 7.66 | |||
| Value At Risk | (1.58) | |||
| Potential Upside | 2.03 |
Sp Smallcap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sp Smallcap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sp Smallcap's standard deviation. In reality, there are many statistical measures that can use Sp Smallcap historical prices to predict the future Sp Smallcap's volatility.| Risk Adjusted Performance | 0.0766 | |||
| Jensen Alpha | 0.1025 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 1.14 |
Sp Smallcap Index Backtested Returns
At this stage we consider SMLKX Mutual Fund to be very steady. Sp Smallcap Index retains Efficiency (Sharpe Ratio) of 0.0726, which indicates the fund had a 0.0726% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for Sp Smallcap, which you can use to evaluate the volatility of the fund. Please validate Sp Smallcap's Downside Deviation of 1.03, mean deviation of 0.9151, and Risk Adjusted Performance of 0.0766 to confirm if the risk estimate we provide is consistent with the expected return of 0.0949%. The entity owns a Beta (Systematic Risk) of 0.1, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sp Smallcap's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sp Smallcap is expected to be smaller as well.
Auto-correlation | 0.40 |
Average predictability
Sp Smallcap Index has average predictability. Overlapping area represents the amount of predictability between Sp Smallcap time series from 29th of November 2023 to 27th of May 2024 and 27th of May 2024 to 23rd 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 Sp Smallcap Index price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Sp Smallcap price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.99 |
Sp Smallcap Index lagged returns against current returns
Autocorrelation, which is Sp Smallcap 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 Sp Smallcap's mutual fund expected returns. We can calculate the autocorrelation of Sp Smallcap returns to help us make a trade decision. For example, suppose you find that Sp Smallcap 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 |
Sp Smallcap 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 Sp Smallcap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sp Smallcap mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sp Smallcap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Sp Smallcap Lagged Returns
When evaluating Sp Smallcap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sp Smallcap mutual fund have on its future price. Sp Smallcap 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, Sp Smallcap autocorrelation shows the relationship between Sp Smallcap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sp Smallcap Index.
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 SMLKX Mutual Fund
Sp Smallcap financial ratios help investors to determine whether SMLKX 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 SMLKX with respect to the benefits of owning Sp Smallcap security.
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