Needham Growth One Year Return vs. Cash Position Weight
| NEEGX Fund | USD 63.52 0.98 1.57% |
For Needham Growth profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Needham Growth to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Needham Growth Fund utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Needham Growth's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Needham Growth Fund over time as well as its relative position and ranking within its peers.
Needham |
Needham Growth Cash Position Weight vs. One Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Needham Growth's current stock value. Our valuation model uses many indicators to compare Needham Growth value to that of its competitors to determine the firm's financial worth. Needham Growth Fund is number one fund in one year return among similar funds. It also is number one fund in cash position weight among similar funds creating about 0.46 of Cash Position Weight per One Year Return. The ratio of One Year Return to Cash Position Weight for Needham Growth Fund is roughly 2.17 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Needham Growth's earnings, one of the primary drivers of an investment's value.Needham Cash Position Weight vs. One Year Return
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Needham Growth |
| = | 24.66 % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Percentage of fund asset invested in cash equivalents or risk-free instruments. About 40% of all global funds carry cash on their balance sheet.
Needham Growth |
| = | 11.35 % |
Funds or ETFs that have over 40% of their value invested in low-risk instruments or cash equivalents typically attract conservative investors.
Needham Cash Position Weight Comparison
Needham Growth is currently under evaluation in cash position weight among similar funds.
Needham Growth Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Needham Growth, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Needham Growth will eventually generate negative long term returns. The profitability progress is the general direction of Needham Growth's change in net profit over the period of time. It can combine multiple indicators of Needham Growth, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The fund normally invests at least 65 percent of its total assets in the equity securities of domestic issuers listed on a nationally recognized securities exchange. It may, but is not required to, invest in the securities of companies of any market capitalization and from a variety of industries included in the technology, healthcare, energy and industrials, specialty retailing, medialeisurecableentertainment and business and consumer services sectors.
Needham Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Needham Growth. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Needham Growth position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Needham Growth's important profitability drivers and their relationship over time.
Use Needham Growth in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Needham Growth position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Needham Growth will appreciate offsetting losses from the drop in the long position's value.Needham Growth Pair Trading
Needham Growth Fund Pair Trading Analysis
The ability to find closely correlated positions to Needham Growth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Needham Growth when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Needham Growth - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Needham Growth Fund to buy it.
The correlation of Needham Growth is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Needham Growth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Needham Growth moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Needham Growth can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Needham Growth position
In addition to having Needham Growth in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Corporate Bonds Funds Thematic Idea Now
Corporate Bonds Funds
Funds or Etfs investing in different types of corporate debt instruments. The Corporate Bonds Funds theme has 47 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Corporate Bonds Funds Theme or any other thematic opportunities.
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Other Information on Investing in Needham Mutual Fund
To fully project Needham Growth's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Needham Growth at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Needham Growth's income statement, its balance sheet, and the statement of cash flows.
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments |