Stringer Growth Fund Market Value
| SRGCX Fund | USD 12.71 0.06 0.47% |
| Symbol | Stringer |
Stringer 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 Stringer 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 Stringer Growth.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Stringer Growth on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Stringer Growth Fund or generate 0.0% return on investment in Stringer Growth over 30 days. Stringer Growth is related to or competes with Invesco Global, Allianzgi Health, The Hartford, Live Oak, and Deutsche Health. The fund is designed to meet investor needs for a diversified portfolio solution with a defined risk objective of long-term growth through a fully managed investment policy utilizing primarily ETFs as well as United States and foreign equity securities, debt and money market securities, the combination of which will be varied from time to time both with respect to types of securities and markets in response to changing market and economic trends. More
Stringer 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 Stringer 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 Stringer Growth Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5295 | |||
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 2.31 | |||
| Value At Risk | (0.79) | |||
| Potential Upside | 0.8052 |
Stringer Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Stringer Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Stringer Growth's standard deviation. In reality, there are many statistical measures that can use Stringer Growth historical prices to predict the future Stringer Growth's volatility.| Risk Adjusted Performance | 0.0225 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.17) | |||
| Treynor Ratio | 0.014 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Stringer 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.
Stringer Growth Backtested Returns
At this stage we consider Stringer Mutual Fund to be very steady. Stringer Growth owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0487, which indicates the fund had a 0.0487% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Stringer Growth Fund, which you can use to evaluate the volatility of the fund. Please validate Stringer Growth's Coefficient Of Variation of 2717.5, semi deviation of 0.4498, and Risk Adjusted Performance of 0.0225 to confirm if the risk estimate we provide is consistent with the expected return of 0.0234%. The entity has a beta of 0.58, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Stringer Growth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Stringer Growth is expected to be smaller as well.
Auto-correlation | 0.64 |
Good predictability
Stringer Growth Fund has good predictability. Overlapping area represents the amount of predictability between Stringer Growth time series from 24th of October 2024 to 8th of November 2024 and 8th of November 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 Stringer Growth price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Stringer Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Stringer Growth lagged returns against current returns
Autocorrelation, which is Stringer 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 Stringer Growth's mutual fund expected returns. We can calculate the autocorrelation of Stringer Growth returns to help us make a trade decision. For example, suppose you find that Stringer 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 |
Stringer 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 Stringer Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Stringer 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 Stringer Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Stringer Growth Lagged Returns
When evaluating Stringer Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Stringer Growth mutual fund have on its future price. Stringer 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, Stringer Growth autocorrelation shows the relationship between Stringer Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Stringer Growth Fund.
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 Stringer Mutual Fund
Stringer Growth financial ratios help investors to determine whether Stringer 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 Stringer with respect to the benefits of owning Stringer Growth security.
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