Snow Capital Opportunity Fund Market Value
| SNOIX Fund | USD 33.07 0.01 0.03% |
| Symbol | Snow |
Snow 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 Snow 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 Snow Capital.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Snow Capital on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Snow Capital Opportunity or generate 0.0% return on investment in Snow Capital over 30 days. Snow Capital is related to or competes with Snow Capital, Snow Capital, Snow Capital, Morningstar Alternatives, Vanguard Equity, Gabelli Equity, and Vanguard Total. The fund invests in equity securities, including common and preferred stocks, convertible securities, and shares of othe... More
Snow 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 Snow 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 Snow Capital Opportunity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7231 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.1 | |||
| Value At Risk | (0.87) | |||
| Potential Upside | 0.7442 |
Snow Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Snow Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Snow Capital's standard deviation. In reality, there are many statistical measures that can use Snow Capital historical prices to predict the future Snow Capital's volatility.| Risk Adjusted Performance | 0.0416 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.039 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Snow 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.
Snow Capital Opportunity Backtested Returns
We consider Snow Capital very steady. Snow Capital Opportunity owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0519, which indicates the fund had a 0.0519% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Snow Capital Opportunity, which you can use to evaluate the volatility of the fund. Please validate Snow Capital's Coefficient Of Variation of 1471.52, semi deviation of 0.5995, and Risk Adjusted Performance of 0.0416 to confirm if the risk estimate we provide is consistent with the expected return of 0.0308%. The entity has a beta of 0.77, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Snow Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Snow Capital is expected to be smaller as well.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Snow Capital Opportunity has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Snow 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 Snow Capital Opportunity price movement. The serial correlation of -0.71 indicates that around 71.0% of current Snow Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
Snow Capital Opportunity lagged returns against current returns
Autocorrelation, which is Snow 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 Snow Capital's mutual fund expected returns. We can calculate the autocorrelation of Snow Capital returns to help us make a trade decision. For example, suppose you find that Snow 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 |
Snow 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 Snow Capital mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Snow 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 Snow Capital mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Snow Capital Lagged Returns
When evaluating Snow Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Snow Capital mutual fund have on its future price. Snow 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, Snow Capital autocorrelation shows the relationship between Snow Capital mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Snow Capital Opportunity.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Snow Capital Correlation, Snow Capital Volatility and Snow Capital Alpha and Beta module to complement your research on Snow Capital. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Snow 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.