Fort Pitt Capital Fund Market Value
| FPCGX Fund | USD 27.10 0.24 0.89% |
| Symbol | Fort |
Fort Pitt '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 Fort Pitt'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 Fort Pitt.
| 04/06/2024 |
| 05/06/2024 |
If you would invest 0.00 in Fort Pitt on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding Fort Pitt Capital or generate 0.0% return on investment in Fort Pitt over 30 days. Fort Pitt is related to or competes with Auxier Focus, Edgar Lomax, Forester Value, Causeway Emerging, and Causeway International. The fund will invest primarily in common stocks of large and mid-sized U.S More
Fort Pitt 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 Fort Pitt'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 Fort Pitt Capital upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9516 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.15 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 1.5 |
Fort Pitt Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fort Pitt's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fort Pitt's standard deviation. In reality, there are many statistical measures that can use Fort Pitt historical prices to predict the future Fort Pitt's volatility.| Risk Adjusted Performance | 0.0498 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0466 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fort Pitt'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.
Fort Pitt Capital Backtested Returns
We consider Fort Pitt very steady. Fort Pitt Capital secures Sharpe Ratio (or Efficiency) of 0.0345, which denotes the fund had a 0.0345% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Fort Pitt Capital, which you can use to evaluate the volatility of the entity. Please confirm Fort Pitt's Coefficient Of Variation of 1347.53, mean deviation of 0.707, and Downside Deviation of 0.9516 to check if the risk estimate we provide is consistent with the expected return of 0.0304%. The fund shows a Beta (market volatility) of 1.2, 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, Fort Pitt will likely underperform.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Fort Pitt Capital has insignificant reverse predictability. Overlapping area represents the amount of predictability between Fort Pitt time series from 6th of April 2024 to 21st of April 2024 and 21st of April 2024 to 6th of May 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 Fort Pitt Capital price movement. The serial correlation of -0.17 indicates that over 17.0% of current Fort Pitt price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Fort Pitt Capital lagged returns against current returns
Autocorrelation, which is Fort Pitt 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 Fort Pitt's mutual fund expected returns. We can calculate the autocorrelation of Fort Pitt returns to help us make a trade decision. For example, suppose you find that Fort Pitt 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 |
Fort Pitt 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 Fort Pitt mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fort Pitt mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fort Pitt mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fort Pitt Lagged Returns
When evaluating Fort Pitt's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fort Pitt mutual fund have on its future price. Fort Pitt 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, Fort Pitt autocorrelation shows the relationship between Fort Pitt mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fort Pitt Capital.
Regressed Prices |
| Timeline |
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Fort Pitt 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.