Zacks Small Cap E Fund Market Value
| ZSCCX Fund | USD 39.11 0.12 0.31% |
| Symbol | Zacks |
Zacks Small-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 Zacks Small-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 Zacks Small-cap.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Zacks Small-cap on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Zacks Small Cap E or generate 0.0% return on investment in Zacks Small-cap over 30 days. Zacks Small-cap is related to or competes with Zacks Small-cap, Needham Aggressive, Towle Deep, Prudential Qma, and Hennessy Focus. The fund pursues its investment objective by applying a hybrid research process which uses both quantitative and qualita... More
Zacks Small-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 Zacks Small-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 Zacks Small Cap E upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.2 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 8.01 | |||
| Value At Risk | (1.71) | |||
| Potential Upside | 2.09 |
Zacks Small-cap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zacks Small-cap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zacks Small-cap's standard deviation. In reality, there are many statistical measures that can use Zacks Small-cap historical prices to predict the future Zacks Small-cap's volatility.| Risk Adjusted Performance | 0.0561 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0526 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Zacks Small-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.
Zacks Small Cap Backtested Returns
At this stage we consider Zacks Mutual Fund to be very steady. Zacks Small Cap shows Sharpe Ratio of 0.0786, which attests that the fund had a 0.0786% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Zacks Small Cap, which you can use to evaluate the volatility of the fund. Please check out Zacks Small-cap's Mean Deviation of 0.9969, downside deviation of 1.2, and Market Risk Adjusted Performance of 0.0626 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. The entity maintains a market beta of 1.59, which attests to 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, Zacks Small-cap will likely underperform.
Auto-correlation | 0.87 |
Very good predictability
Zacks Small Cap E has very good predictability. Overlapping area represents the amount of predictability between Zacks Small-cap time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Zacks Small Cap price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Zacks Small-cap price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.44 |
Zacks Small Cap lagged returns against current returns
Autocorrelation, which is Zacks Small-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 Zacks Small-cap's mutual fund expected returns. We can calculate the autocorrelation of Zacks Small-cap returns to help us make a trade decision. For example, suppose you find that Zacks Small-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 |
Zacks Small-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 Zacks Small-cap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zacks Small-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 Zacks Small-cap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Zacks Small-cap Lagged Returns
When evaluating Zacks Small-cap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zacks Small-cap mutual fund have on its future price. Zacks Small-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, Zacks Small-cap autocorrelation shows the relationship between Zacks Small-cap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Zacks Small Cap E.
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 Zacks Mutual Fund
Zacks Small-cap financial ratios help investors to determine whether Zacks 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 Zacks with respect to the benefits of owning Zacks Small-cap security.
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