Crafword Dividend Growth Fund Market Value
| CDGCX Fund | USD 13.95 0.13 0.94% |
| Symbol | Crafword |
Crafword Dividend '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 Crafword Dividend'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 Crafword Dividend.
| 03/01/2023 |
| 04/24/2024 |
If you would invest 0.00 in Crafword Dividend on March 1, 2023 and sell it all today you would earn a total of 0.00 from holding Crafword Dividend Growth or generate 0.0% return on investment in Crafword Dividend over 420 days. Crafword Dividend is related to or competes with Crawford Dividend, Pace International, Mfs Technology, Cohen, Nationwide Highmark, Vanguard Equity, and Recurrent Mlp. The fund invests primarily in common stocks of large capitalization companies that demonstrate a consistent pattern of e... More
Crafword Dividend 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 Crafword Dividend'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 Crafword Dividend Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6957 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 3.21 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 1.03 |
Crafword Dividend Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Crafword Dividend's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Crafword Dividend's standard deviation. In reality, there are many statistical measures that can use Crafword Dividend historical prices to predict the future Crafword Dividend's volatility.| Risk Adjusted Performance | 0.052 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0457 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Crafword Dividend'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.
Crafword Dividend Growth Backtested Returns
We consider Crafword Dividend very steady. Crafword Dividend Growth secures Sharpe Ratio (or Efficiency) of 0.0547, which signifies that the fund had a 0.0547% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Crafword Dividend Growth, which you can use to evaluate the volatility of the entity. Please confirm Crafword Dividend's risk adjusted performance of 0.052, and Mean Deviation of 0.4899 to double-check if the risk estimate we provide is consistent with the expected return of 0.0347%. The fund shows a Beta (market volatility) of 0.95, which signifies possible diversification benefits within a given portfolio. Crafword Dividend returns are very sensitive to returns on the market. As the market goes up or down, Crafword Dividend is expected to follow.
Auto-correlation | 0.62 |
Good predictability
Crafword Dividend Growth has good predictability. Overlapping area represents the amount of predictability between Crafword Dividend time series from 1st of March 2023 to 27th of September 2023 and 27th of September 2023 to 24th 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 Crafword Dividend Growth price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Crafword Dividend price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.63 |
Crafword Dividend Growth lagged returns against current returns
Autocorrelation, which is Crafword Dividend 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 Crafword Dividend's mutual fund expected returns. We can calculate the autocorrelation of Crafword Dividend returns to help us make a trade decision. For example, suppose you find that Crafword Dividend 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 |
Crafword Dividend 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 Crafword Dividend mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Crafword Dividend mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Crafword Dividend mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Crafword Dividend Lagged Returns
When evaluating Crafword Dividend's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Crafword Dividend mutual fund have on its future price. Crafword Dividend 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, Crafword Dividend autocorrelation shows the relationship between Crafword Dividend mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Crafword Dividend Growth.
Regressed Prices |
| Timeline |
Pair Trading with Crafword Dividend
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 Crafword Dividend 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 Crafword Dividend will appreciate offsetting losses from the drop in the long position's value.Moving together with Crafword Mutual Fund
| 1.0 | CDGIX | Crawford Dividend Growth | PairCorr |
| 0.85 | CDOFX | Crawford Dividend | PairCorr |
| 0.78 | CMALX | Crawford Multi Asset | PairCorr |
| 0.88 | VTSAX | Vanguard Total Stock | PairCorr |
The ability to find closely correlated positions to Crafword Dividend could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Crafword Dividend 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 Crafword Dividend - 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 Crafword Dividend Growth to buy it.
The correlation of Crafword Dividend 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 Crafword Dividend moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crafword Dividend 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 Crafword Dividend 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 Crafword Dividend Correlation, Crafword Dividend Volatility and Crafword Dividend Alpha and Beta module to complement your research on Crafword Dividend. Note that the Crafword Dividend Growth information on this page should be used as a complementary analysis to other Crafword Dividend's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Crafword Dividend 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.