Primecap Odyssey Aggressive Fund Market Value
| POAGX Fund | USD 42.10 0.21 0.50% |
| Symbol | Primecap |
Primecap Odyssey '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 Primecap Odyssey'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 Primecap Odyssey.
| 03/21/2024 |
| 04/20/2024 |
If you would invest 0.00 in Primecap Odyssey on March 21, 2024 and sell it all today you would earn a total of 0.00 from holding Primecap Odyssey Aggressive or generate 0.0% return on investment in Primecap Odyssey over 30 days. Primecap Odyssey is related to or competes with Primecap Odyssey, Primecap Odyssey, Vanguard Primecap, Vanguard Selected, and Vanguard Dividend. The fund invests primarily in the common stocks of U.S More
Primecap Odyssey 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 Primecap Odyssey'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 Primecap Odyssey Aggressive upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.12 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 4.08 | |||
| Value At Risk | (1.65) | |||
| Potential Upside | 1.35 |
Primecap Odyssey Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Primecap Odyssey's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Primecap Odyssey's standard deviation. In reality, there are many statistical measures that can use Primecap Odyssey historical prices to predict the future Primecap Odyssey's volatility.| Risk Adjusted Performance | 0.0186 | |||
| Jensen Alpha | 0.0188 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.18) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Primecap Odyssey'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.
Primecap Odyssey Agg Backtested Returns
We consider Primecap Odyssey very steady. Primecap Odyssey Agg maintains Sharpe Ratio (i.e., Efficiency) of 7.0E-4, which implies the entity had a 7.0E-4% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Primecap Odyssey Agg, which you can use to evaluate the volatility of the fund. Please check Primecap Odyssey's Risk Adjusted Performance of 0.0186, semi deviation of 1.07, and Coefficient Of Variation of 4085.07 to confirm if the risk estimate we provide is consistent with the expected return of 7.0E-4%. The fund holds a Beta of -0.073, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Primecap Odyssey are expected to decrease at a much lower rate. During the bear market, Primecap Odyssey is likely to outperform the market.
Auto-correlation | 0.17 |
Very weak predictability
Primecap Odyssey Aggressive has very weak predictability. Overlapping area represents the amount of predictability between Primecap Odyssey time series from 21st of March 2024 to 5th of April 2024 and 5th of April 2024 to 20th 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 Primecap Odyssey Agg price movement. The serial correlation of 0.17 indicates that over 17.0% of current Primecap Odyssey price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.93 |
Primecap Odyssey Agg lagged returns against current returns
Autocorrelation, which is Primecap Odyssey 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 Primecap Odyssey's mutual fund expected returns. We can calculate the autocorrelation of Primecap Odyssey returns to help us make a trade decision. For example, suppose you find that Primecap Odyssey 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 |
Primecap Odyssey 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 Primecap Odyssey mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Primecap Odyssey mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Primecap Odyssey mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Primecap Odyssey Lagged Returns
When evaluating Primecap Odyssey's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Primecap Odyssey mutual fund have on its future price. Primecap Odyssey 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, Primecap Odyssey autocorrelation shows the relationship between Primecap Odyssey mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Primecap Odyssey Aggressive.
Regressed Prices |
| Timeline |
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Primecap Odyssey Agg 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
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Check out Primecap Odyssey Correlation, Primecap Odyssey Volatility and Primecap Odyssey Alpha and Beta module to complement your research on Primecap Odyssey. Note that the Primecap Odyssey Agg information on this page should be used as a complementary analysis to other Primecap Odyssey'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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Primecap Odyssey 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.