Broad Cap Value Fund Market Value
| VBCVX Fund | USD 16.03 0.13 0.82% |
| Symbol | Broad |
Broad Cap '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 Broad Cap'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 Broad Cap.
| 05/28/2024 |
| 11/24/2024 |
If you would invest 0.00 in Broad Cap on May 28, 2024 and sell it all today you would earn a total of 0.00 from holding Broad Cap Value or generate 0.0% return on investment in Broad Cap over 180 days. Broad Cap is related to or competes with Mid Cap, Mid Cap, Valic Company, Valic Company, Stock Index, Small Cap, and Broad Cap. The fund seeks to achieve its investment objective by investing primarily in equity securities of U.S More
Broad Cap 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 Broad Cap'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 Broad Cap Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5749 | |||
| Information Ratio | 0.0101 | |||
| Maximum Drawdown | 3.8 | |||
| Value At Risk | (0.88) | |||
| Potential Upside | 1.18 |
Broad Cap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Broad Cap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Broad Cap's standard deviation. In reality, there are many statistical measures that can use Broad Cap historical prices to predict the future Broad Cap's volatility.| Risk Adjusted Performance | 0.1503 | |||
| Jensen Alpha | 0.0245 | |||
| Total Risk Alpha | 0.0178 | |||
| Sortino Ratio | 0.0123 | |||
| Treynor Ratio | 0.1495 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Broad Cap'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.
Broad Cap Value Backtested Returns
At this stage we consider Broad Mutual Fund to be very steady. Broad Cap Value secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the fund had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Broad Cap Value, which you can use to evaluate the volatility of the entity. Please confirm Broad Cap's Downside Deviation of 0.5749, mean deviation of 0.5342, and Risk Adjusted Performance of 0.1503 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. The fund shows a Beta (market volatility) of 0.86, which signifies possible diversification benefits within a given portfolio. Broad Cap returns are very sensitive to returns on the market. As the market goes up or down, Broad Cap is expected to follow.
Auto-correlation | 0.77 |
Good predictability
Broad Cap Value has good predictability. Overlapping area represents the amount of predictability between Broad Cap time series from 28th of May 2024 to 26th of August 2024 and 26th of August 2024 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 Broad Cap Value price movement. The serial correlation of 0.77 indicates that around 77.0% of current Broad Cap price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Broad Cap Value lagged returns against current returns
Autocorrelation, which is Broad Cap 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 Broad Cap's mutual fund expected returns. We can calculate the autocorrelation of Broad Cap returns to help us make a trade decision. For example, suppose you find that Broad Cap 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 |
Broad Cap 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 Broad Cap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Broad Cap mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Broad Cap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Broad Cap Lagged Returns
When evaluating Broad Cap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Broad Cap mutual fund have on its future price. Broad Cap 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, Broad Cap autocorrelation shows the relationship between Broad Cap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Broad Cap Value.
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 Broad Mutual Fund
Broad Cap financial ratios help investors to determine whether Broad 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 Broad with respect to the benefits of owning Broad Cap security.
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