Sp Midcap Index Fund Market Value
| SPMIX Fund | USD 30.21 0.43 1.44% |
| Symbol | SPMIX |
Sp Midcap '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 Midcap'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 Midcap.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Sp Midcap on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Sp Midcap Index or generate 0.0% return on investment in Sp Midcap over 30 days. Sp Midcap is related to or competes with Tiaa Cref, Saat Moderate, Pro-blend(r) Moderate, Jp Morgan, Transamerica Cleartrack, and Blackrock Moderate. The SP MidCap 400 Index includes the common stocks of 400 medium-sized U.S More
Sp Midcap 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 Midcap'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 Midcap Index upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8804 | |||
| Information Ratio | 0.0238 | |||
| Maximum Drawdown | 5.24 | |||
| Value At Risk | (1.19) | |||
| Potential Upside | 1.72 |
Sp Midcap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sp Midcap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sp Midcap's standard deviation. In reality, there are many statistical measures that can use Sp Midcap historical prices to predict the future Sp Midcap's volatility.| Risk Adjusted Performance | 0.121 | |||
| Jensen Alpha | 0.0017 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0271 | |||
| Treynor Ratio | 0.1222 |
Sp Midcap Index Backtested Returns
At this stage we consider SPMIX Mutual Fund to be very steady. Sp Midcap Index retains Efficiency (Sharpe Ratio) of 0.17, which indicates the fund had a 0.17% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for Sp Midcap, which you can use to evaluate the volatility of the fund. Please validate Sp Midcap's Mean Deviation of 0.7191, downside deviation of 0.8804, and Risk Adjusted Performance of 0.121 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. The entity owns a Beta (Systematic Risk) of 1.18, 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, Sp Midcap will likely underperform.
Auto-correlation | 0.62 |
Good predictability
Sp Midcap Index has good predictability. Overlapping area represents the amount of predictability between Sp Midcap time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Midcap Index price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Sp Midcap price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Sp Midcap Index lagged returns against current returns
Autocorrelation, which is Sp Midcap 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 Midcap's mutual fund expected returns. We can calculate the autocorrelation of Sp Midcap returns to help us make a trade decision. For example, suppose you find that Sp Midcap 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 Midcap 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 Midcap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sp Midcap 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 Midcap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Sp Midcap Lagged Returns
When evaluating Sp Midcap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sp Midcap mutual fund have on its future price. Sp Midcap 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 Midcap autocorrelation shows the relationship between Sp Midcap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sp Midcap 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 SPMIX Mutual Fund
Sp Midcap financial ratios help investors to determine whether SPMIX 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 SPMIX with respect to the benefits of owning Sp Midcap security.
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