Small Cap Value Profund Fund Market Value
| SVPIX Fund | USD 117.89 1.97 1.70% |
| Symbol | Small-cap |
Small-cap Value '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 Small-cap Value'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 Small-cap Value.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Small-cap Value on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Small Cap Value Profund or generate 0.0% return on investment in Small-cap Value over 270 days. Small-cap Value is related to or competes with Short Real, Short Real, Ultrashort Mid-cap, Ultrashort Mid, Technology Ultrasector, Technology Ultrasector, and Large-cap Growth. The fund invests in financial instruments that the fund Advisors believes, in combination, should track the performance ... More
Small-cap Value 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 Small-cap Value'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 Small Cap Value Profund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9567 | |||
| Information Ratio | 0.0309 | |||
| Maximum Drawdown | 7.88 | |||
| Value At Risk | (1.72) | |||
| Potential Upside | 1.94 |
Small-cap Value Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Small-cap Value's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Small-cap Value's standard deviation. In reality, there are many statistical measures that can use Small-cap Value historical prices to predict the future Small-cap Value's volatility.| Risk Adjusted Performance | 0.1031 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0431 | |||
| Treynor Ratio | 0.1097 |
Small Cap Value Backtested Returns
At this stage we consider Small-cap Mutual Fund to be very steady. Small Cap Value owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the fund had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Small Cap Value Profund, which you can use to evaluate the volatility of the fund. Please validate Small-cap Value's Risk Adjusted Performance of 0.1031, coefficient of variation of 776.17, and Semi Deviation of 0.7888 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. The entity has a beta of 1.48, 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, Small-cap Value will likely underperform.
Auto-correlation | -0.25 |
Weak reverse predictability
Small Cap Value Profund has weak reverse predictability. Overlapping area represents the amount of predictability between Small-cap Value time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 Small Cap Value price movement. The serial correlation of -0.25 indicates that over 25.0% of current Small-cap Value price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 14.64 |
Small Cap Value lagged returns against current returns
Autocorrelation, which is Small-cap Value 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 Small-cap Value's mutual fund expected returns. We can calculate the autocorrelation of Small-cap Value returns to help us make a trade decision. For example, suppose you find that Small-cap Value 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 |
Small-cap Value 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 Small-cap Value mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Small-cap Value mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Small-cap Value mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Small-cap Value Lagged Returns
When evaluating Small-cap Value's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Small-cap Value mutual fund have on its future price. Small-cap Value 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, Small-cap Value autocorrelation shows the relationship between Small-cap Value mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Small Cap Value Profund.
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 Small-cap Mutual Fund
Small-cap Value financial ratios help investors to determine whether Small-cap 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 Small-cap with respect to the benefits of owning Small-cap Value security.
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