Technology Munications Portfolio Fund Market Value
| STPCX Fund | USD 14.36 0.05 0.35% |
| Symbol | Technology |
Technology Communications '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 Technology Communications' 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 Technology Communications.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Technology Communications on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Technology Munications Portfolio or generate 0.0% return on investment in Technology Communications over 720 days. Technology Communications is related to or competes with VEEA, VivoPower International, WEBTOON Entertainment, Salient Alternative, Aggressive Balanced, Salient Alternative, and Moderately Aggressive. The fund will normally invest at least 80 percent of its total assets in equity securities issued by technology and comm... More
Technology Communications 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 Technology Communications' 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 Technology Munications Portfolio upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.28 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 5.52 | |||
| Value At Risk | (2.14) | |||
| Potential Upside | 1.3 |
Technology Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Technology Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Technology Communications' standard deviation. In reality, there are many statistical measures that can use Technology Communications historical prices to predict the future Technology Communications' volatility.| Risk Adjusted Performance | 0.0647 | |||
| Jensen Alpha | 0.0941 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.55) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Technology Communications' 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.
Technology Communications Backtested Returns
At this stage we consider Technology Mutual Fund to be very steady. Technology Communications owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the fund had a 0.1% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Technology Munications Portfolio, which you can use to evaluate the volatility of the fund. Please validate Technology Communications' Coefficient Of Variation of 1240.71, risk adjusted performance of 0.0647, and Semi Deviation of 1.08 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. The entity has a beta of -0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Technology Communications are expected to decrease at a much lower rate. During the bear market, Technology Communications is likely to outperform the market.
Auto-correlation | 0.73 |
Good predictability
Technology Munications Portfolio has good predictability. Overlapping area represents the amount of predictability between Technology Communications time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 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 Technology Communications price movement. The serial correlation of 0.73 indicates that around 73.0% of current Technology Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.44 |
Technology Communications lagged returns against current returns
Autocorrelation, which is Technology Communications 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 Technology Communications' mutual fund expected returns. We can calculate the autocorrelation of Technology Communications returns to help us make a trade decision. For example, suppose you find that Technology Communications 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 |
Technology Communications 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 Technology Communications mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Technology Communications mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Technology Communications mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Technology Communications Lagged Returns
When evaluating Technology Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Technology Communications mutual fund have on its future price. Technology Communications 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, Technology Communications autocorrelation shows the relationship between Technology Communications mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Technology Munications Portfolio.
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 Technology Mutual Fund
Technology Communications financial ratios help investors to determine whether Technology 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 Technology with respect to the benefits of owning Technology Communications security.
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