Thompson Largecap Fund Market Value
| THPGX Fund | USD 114.77 0.82 0.72% |
| Symbol | Thompson |
Thompson Largecap '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 Thompson Largecap'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 Thompson Largecap.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Thompson Largecap on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Thompson Largecap Fund or generate 0.0% return on investment in Thompson Largecap over 720 days. Thompson Largecap is related to or competes with Clipper Fund, Meridian Contrarian, Meridian Growth, Muhlenkamp Fund, and Nasdaq-100 Fund. The fund normally invests at least 80 percent of its net assets plus any borrowing for investment purposes in a diversif... More
Thompson Largecap 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 Thompson Largecap'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 Thompson Largecap Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7456 | |||
| Information Ratio | 0.0045 | |||
| Maximum Drawdown | 4.16 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.16 |
Thompson Largecap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thompson Largecap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thompson Largecap's standard deviation. In reality, there are many statistical measures that can use Thompson Largecap historical prices to predict the future Thompson Largecap's volatility.| Risk Adjusted Performance | 0.1256 | |||
| Jensen Alpha | 0.0106 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.005 | |||
| Treynor Ratio | 0.1321 |
Thompson Largecap Backtested Returns
At this stage we consider Thompson Mutual Fund to be very steady. Thompson Largecap owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the fund had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Thompson Largecap Fund, which you can use to evaluate the volatility of the fund. Please validate Thompson Largecap's Risk Adjusted Performance of 0.1256, semi deviation of 0.6073, and Coefficient Of Variation of 613.89 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. The entity has a beta of 0.94, which indicates possible diversification benefits within a given portfolio. Thompson Largecap returns are very sensitive to returns on the market. As the market goes up or down, Thompson Largecap is expected to follow.
Auto-correlation | 0.23 |
Weak predictability
Thompson Largecap Fund has weak predictability. Overlapping area represents the amount of predictability between Thompson Largecap time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Thompson Largecap price movement. The serial correlation of 0.23 indicates that over 23.0% of current Thompson Largecap price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 31.17 |
Thompson Largecap lagged returns against current returns
Autocorrelation, which is Thompson Largecap 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 Thompson Largecap's mutual fund expected returns. We can calculate the autocorrelation of Thompson Largecap returns to help us make a trade decision. For example, suppose you find that Thompson Largecap 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 |
Thompson Largecap 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 Thompson Largecap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thompson Largecap mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thompson Largecap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Thompson Largecap Lagged Returns
When evaluating Thompson Largecap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thompson Largecap mutual fund have on its future price. Thompson Largecap 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, Thompson Largecap autocorrelation shows the relationship between Thompson Largecap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Thompson Largecap 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 Thompson Mutual Fund
Thompson Largecap financial ratios help investors to determine whether Thompson 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 Thompson with respect to the benefits of owning Thompson Largecap security.
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