Thompson Largecap Fund Market Value
| THPGX Fund | USD 98.63 0.24 0.24% |
| Symbol | Thompson |
Thompson Largecap '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 Thompson Largecap'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 Thompson Largecap.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Thompson Largecap on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Thompson Largecap Fund or generate 0.0% return on investment in Thompson Largecap over 30 days. Thompson Largecap is related to or competes with Clipper Fund, Meridian Contrarian, Meridian Growth, Muhlenkamp Fund, and Nasdaq-100 Fund. The fund normally invests at least 80 percent of its net assets plus any borrowing for investment purposes in a diversif... More
Thompson Largecap 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 Thompson Largecap'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 Thompson Largecap Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8967 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.35 | |||
| Value At Risk | (1.49) | |||
| Potential Upside | 1.07 |
Thompson Largecap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thompson Largecap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thompson Largecap's standard deviation. In reality, there are many statistical measures that can use Thompson Largecap historical prices to predict the future Thompson Largecap's volatility.| Risk Adjusted Performance | 0.0425 | |||
| Jensen Alpha | 0.0401 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 5.29 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Thompson Largecap'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.
Thompson Largecap Backtested Returns
We consider Thompson Largecap very steady. Thompson Largecap owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0648, which indicates the fund had a 0.0648% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Thompson Largecap Fund, which you can use to evaluate the volatility of the fund. Please validate Thompson Largecap's Semi Deviation of 0.8331, coefficient of variation of 1542.62, and Risk Adjusted Performance of 0.0425 to confirm if the risk estimate we provide is consistent with the expected return of 0.0507%. The entity has a beta of 0.0077, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thompson Largecap's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thompson Largecap is expected to be smaller as well.
Auto-correlation | 0.12 |
Insignificant predictability
Thompson Largecap Fund has insignificant predictability. Overlapping area represents the amount of predictability between Thompson Largecap time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Thompson Largecap price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Thompson Largecap price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 1.42 |
Thompson Largecap lagged returns against current returns
Autocorrelation, which is Thompson Largecap 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 Thompson Largecap's mutual fund expected returns. We can calculate the autocorrelation of Thompson Largecap returns to help us make a trade decision. For example, suppose you find that Thompson Largecap 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 |
Thompson Largecap 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 Thompson Largecap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thompson Largecap mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thompson Largecap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Thompson Largecap Lagged Returns
When evaluating Thompson Largecap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thompson Largecap mutual fund have on its future price. Thompson Largecap 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, Thompson Largecap autocorrelation shows the relationship between Thompson Largecap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Thompson Largecap Fund.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Thompson Largecap Correlation, Thompson Largecap Volatility and Thompson Largecap Alpha and Beta module to complement your research on Thompson Largecap. Note that the Thompson Largecap information on this page should be used as a complementary analysis to other Thompson Largecap'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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Thompson Largecap 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.