Stringer Growth Fund Market Value
| SRGCX Fund | USD 11.79 0.02 0.17% |
| Symbol | Stringer |
Stringer Growth '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 Stringer Growth'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 Stringer Growth.
| 01/18/2024 |
| 04/17/2024 |
If you would invest 0.00 in Stringer Growth on January 18, 2024 and sell it all today you would earn a total of 0.00 from holding Stringer Growth Fund or generate 0.0% return on investment in Stringer Growth over 90 days. Stringer Growth is related to or competes with T Rowe, T Rowe, T Rowe, Franklin Lifesmart, and Jp Morgan. The fund is designed to meet investor needs for a diversified portfolio solution with a defined risk objective of long-t... More
Stringer Growth 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 Stringer Growth'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 Stringer Growth Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5071 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 2.09 | |||
| Value At Risk | (0.82) | |||
| Potential Upside | 0.7506 |
Stringer Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Stringer Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Stringer Growth's standard deviation. In reality, there are many statistical measures that can use Stringer Growth historical prices to predict the future Stringer Growth's volatility.| Risk Adjusted Performance | 0.0591 | |||
| Jensen Alpha | 0.0063 | |||
| Total Risk Alpha | 0.0026 | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.055 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Stringer Growth'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.
Stringer Growth Backtested Returns
We consider Stringer Growth very steady. Stringer Growth owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0994, which indicates the fund had a 0.0994% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Stringer Growth Fund, which you can use to evaluate the volatility of the fund. Please validate Stringer Growth's Coefficient Of Variation of 1006.37, risk adjusted performance of 0.0591, and Semi Deviation of 0.3892 to confirm if the risk estimate we provide is consistent with the expected return of 0.0461%. The entity has a beta of 0.66, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Stringer Growth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Stringer Growth is expected to be smaller as well.
Auto-correlation | -0.37 |
Poor reverse predictability
Stringer Growth Fund has poor reverse predictability. Overlapping area represents the amount of predictability between Stringer Growth time series from 18th of January 2024 to 3rd of March 2024 and 3rd of March 2024 to 17th 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 Stringer Growth price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Stringer Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Stringer Growth lagged returns against current returns
Autocorrelation, which is Stringer Growth 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 Stringer Growth's mutual fund expected returns. We can calculate the autocorrelation of Stringer Growth returns to help us make a trade decision. For example, suppose you find that Stringer Growth 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 |
Stringer Growth 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 Stringer Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Stringer Growth mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Stringer Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Stringer Growth Lagged Returns
When evaluating Stringer Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Stringer Growth mutual fund have on its future price. Stringer Growth 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, Stringer Growth autocorrelation shows the relationship between Stringer Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Stringer Growth Fund.
Regressed Prices |
| Timeline |
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Check out Stringer Growth Correlation, Stringer Growth Volatility and Stringer Growth Alpha and Beta module to complement your research on Stringer Growth. Note that the Stringer Growth information on this page should be used as a complementary analysis to other Stringer Growth'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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Stringer Growth 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.