Midcap Fund Class Fund Market Value
Midcap Fund's market value is the price at which a share of Midcap Fund trades on a public exchange. It measures the collective expectations of Midcap Fund Class investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Midcap Fund Class and determine expected loss or profit from investing in Midcap Fund over a given investment horizon. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in inflation.
Symbol | Midcap |
Midcap Fund '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 Midcap Fund'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 Midcap Fund.
04/08/2022 |
| 03/28/2024 |
If you would invest 0.00 in Midcap Fund on April 8, 2022 and sell it all today you would earn a total of 0.00 from holding Midcap Fund Class or generate 0.0% return on investment in Midcap Fund over 720 days. Midcap Fund is related to or competes with Columbia, and Inverse Government. Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment p... More
Midcap Fund 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 Midcap Fund'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 Midcap Fund Class upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.7687 | |||
Information Ratio | 0.0437 | |||
Maximum Drawdown | 3.08 | |||
Value At Risk | (1.39) | |||
Potential Upside | 1.29 |
Midcap Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Midcap Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Midcap Fund's standard deviation. In reality, there are many statistical measures that can use Midcap Fund historical prices to predict the future Midcap Fund's volatility.Risk Adjusted Performance | 0.1252 | |||
Jensen Alpha | 0.0149 | |||
Total Risk Alpha | (0.01) | |||
Sortino Ratio | 0.0434 | |||
Treynor Ratio | 0.1378 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Midcap Fund'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.
Midcap Fund Class Backtested Returns
We consider Midcap Fund very steady. Midcap Fund Class has Sharpe Ratio of 0.22, which conveys that the entity had a 0.22% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Midcap Fund, which you can use to evaluate the volatility of the fund. Please verify Midcap Fund's Downside Deviation of 0.7687, risk adjusted performance of 0.1252, and Mean Deviation of 0.6076 to check out if the risk estimate we provide is consistent with the expected return of 0.17%. The fund secures a Beta (Market Risk) of 1.15, which conveys a somewhat significant risk relative to the market. Midcap Fund returns are very sensitive to returns on the market. As the market goes up or down, Midcap Fund is expected to follow.
Auto-correlation | 0.23 |
Weak predictability
Midcap Fund Class has weak predictability. Overlapping area represents the amount of predictability between Midcap Fund time series from 8th of April 2022 to 3rd of April 2023 and 3rd of April 2023 to 28th of March 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 Midcap Fund Class price movement. The serial correlation of 0.23 indicates that over 23.0% of current Midcap Fund price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.23 | |
Spearman Rank Test | 0.03 | |
Residual Average | 0.0 | |
Price Variance | 6.56 |
Midcap Fund Class lagged returns against current returns
Autocorrelation, which is Midcap Fund 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 Midcap Fund's mutual fund expected returns. We can calculate the autocorrelation of Midcap Fund returns to help us make a trade decision. For example, suppose you find that Midcap Fund 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 |
Midcap Fund 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 Midcap Fund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Midcap Fund mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Midcap Fund mutual fund over time.
Current vs Lagged Prices |
Timeline |
Midcap Fund Lagged Returns
When evaluating Midcap Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Midcap Fund mutual fund have on its future price. Midcap Fund 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, Midcap Fund autocorrelation shows the relationship between Midcap Fund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Midcap Fund Class.
Regressed Prices |
Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Midcap Fund in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Midcap Fund's short interest history, or implied volatility extrapolated from Midcap Fund options trading.
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Midcap Fund Class using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
Check out Midcap Fund Correlation, Midcap Fund Volatility and Midcap Fund Alpha and Beta module to complement your research on Midcap Fund. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for Midcap Mutual Fund analysis
When running Midcap Fund's price analysis, check to measure Midcap Fund's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Midcap Fund is operating at the current time. Most of Midcap Fund's value examination focuses on studying past and present price action to predict the probability of Midcap Fund's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Midcap Fund's price. Additionally, you may evaluate how the addition of Midcap Fund to your portfolios can decrease your overall portfolio volatility.
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Midcap Fund 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.