Fiera Capital Smallmid Cap Fund Market Value
| APSRX Fund | USD 16.23 0.08 0.49% |
| Symbol | Fiera |
Fiera Capital '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 Fiera Capital'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 Fiera Capital.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Fiera Capital on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Fiera Capital Smallmid Cap or generate 0.0% return on investment in Fiera Capital over 30 days. Fiera Capital is related to or competes with Fiera Capital, Fiera Capital, Fiera Capital, Fiera Capital, Fiera Capital, Fiera Capital, and Fiera Capital. The Subadvisor seeks to achieve the funds investment objective by investing in a diversified portfolio of common stocks ... More
Fiera Capital 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 Fiera Capital'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 Fiera Capital Smallmid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9588 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 3.85 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 1.61 |
Fiera Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fiera Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fiera Capital's standard deviation. In reality, there are many statistical measures that can use Fiera Capital historical prices to predict the future Fiera Capital's volatility.| Risk Adjusted Performance | 0.0249 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0176 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fiera Capital'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.
Fiera Capital Smallmid Backtested Returns
Fiera Capital Smallmid secures Sharpe Ratio (or Efficiency) of -0.0038, which denotes the fund had a -0.0038% return per unit of risk over the last 3 months. Fiera Capital Smallmid Cap exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fiera Capital's Coefficient Of Variation of 2870.31, downside deviation of 0.9588, and Mean Deviation of 0.7492 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 1.28, which means 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, Fiera Capital will likely underperform.
Auto-correlation | 0.36 |
Below average predictability
Fiera Capital Smallmid Cap has below average predictability. Overlapping area represents the amount of predictability between Fiera Capital time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 Fiera Capital Smallmid price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Fiera Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Fiera Capital Smallmid lagged returns against current returns
Autocorrelation, which is Fiera Capital 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 Fiera Capital's mutual fund expected returns. We can calculate the autocorrelation of Fiera Capital returns to help us make a trade decision. For example, suppose you find that Fiera Capital 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 |
Fiera Capital 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 Fiera Capital mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fiera Capital mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fiera Capital mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fiera Capital Lagged Returns
When evaluating Fiera Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fiera Capital mutual fund have on its future price. Fiera Capital 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, Fiera Capital autocorrelation shows the relationship between Fiera Capital mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fiera Capital Smallmid Cap.
Regressed Prices |
| Timeline |
Pair Trading with Fiera Capital
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 Fiera Capital 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 Fiera Capital will appreciate offsetting losses from the drop in the long position's value.Moving together with Fiera Mutual Fund
| 0.88 | FCGIX | Fiera Capital Global | PairCorr |
| 0.88 | FCGEX | Fiera Capital Global | PairCorr |
| 0.86 | FCIWX | Fiera Capital Intern | PairCorr |
| 0.86 | FCIUX | Fiera Capital Intern | PairCorr |
The ability to find closely correlated positions to Fiera Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fiera Capital 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 Fiera Capital - 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 Fiera Capital Smallmid Cap to buy it.
The correlation of Fiera Capital 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 Fiera Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fiera Capital Smallmid 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 Fiera Capital 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.Check out Fiera Capital Correlation, Fiera Capital Volatility and Fiera Capital Alpha and Beta module to complement your research on Fiera Capital. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Fiera Capital technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.