Growth Fund A Fund Market Value
| TCRAX Fund | USD 56.80 0.15 0.26% |
| Symbol | Growth |
Growth Fund '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 Growth Fund'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 Growth Fund.
| 09/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Growth Fund on September 24, 2024 and sell it all today you would earn a total of 0.00 from holding Growth Fund A or generate 0.0% return on investment in Growth Fund over 60 days. Growth Fund is related to or competes with International Growth, Heritage Fund, and Janus Global. The fund invests in stocks of companies that the adviser believes will increase in value over time More
Growth Fund 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 Growth Fund'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 Growth Fund A upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.31 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 5.35 | |||
| Value At Risk | (2.17) | |||
| Potential Upside | 1.65 |
Growth Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Growth Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Growth Fund's standard deviation. In reality, there are many statistical measures that can use Growth Fund historical prices to predict the future Growth Fund's volatility.| Risk Adjusted Performance | 0.0713 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0939 |
Growth Fund A Backtested Returns
At this stage we consider Growth Mutual Fund to be very steady. Growth Fund A holds Efficiency (Sharpe) Ratio of 0.0829, which attests that the entity had a 0.0829% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Growth Fund A, which you can use to evaluate the volatility of the entity. Please check out Growth Fund's Downside Deviation of 1.31, risk adjusted performance of 0.0713, and Market Risk Adjusted Performance of 0.1039 to validate if the risk estimate we provide is consistent with the expected return of 0.0863%. The fund retains a Market Volatility (i.e., Beta) of 0.89, which attests to possible diversification benefits within a given portfolio. Growth Fund returns are very sensitive to returns on the market. As the market goes up or down, Growth Fund is expected to follow.
Auto-correlation | 0.70 |
Good predictability
Growth Fund A has good predictability. Overlapping area represents the amount of predictability between Growth Fund time series from 24th of September 2024 to 24th of October 2024 and 24th of October 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 Growth Fund A price movement. The serial correlation of 0.7 indicates that around 70.0% of current Growth Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.86 |
Growth Fund A lagged returns against current returns
Autocorrelation, which is Growth Fund 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 Growth Fund's mutual fund expected returns. We can calculate the autocorrelation of Growth Fund returns to help us make a trade decision. For example, suppose you find that Growth Fund 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 |
Growth Fund 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 Growth Fund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Growth Fund mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Growth Fund mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Growth Fund Lagged Returns
When evaluating Growth Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Growth Fund mutual fund have on its future price. Growth Fund 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, Growth Fund autocorrelation shows the relationship between Growth Fund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Growth Fund A.
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 Growth Mutual Fund
Growth Fund financial ratios help investors to determine whether Growth 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 Growth with respect to the benefits of owning Growth Fund security.
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