Thompson Midcap Fund Market Value
| THPMX Fund | USD 12.67 0.01 0.08% |
| Symbol | Thompson |
Thompson Midcap '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 Midcap'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 Midcap.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Thompson Midcap on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Thompson Midcap Fund or generate 0.0% return on investment in Thompson Midcap over 30 days. Thompson Midcap is related to or competes with Thompson Largecap, Thompson Bond, Crm Smallmid, Perkins Select, and Hodges Small. The fund normally invests at least 80 percent of its net assets plus any borrowing for investment purposes in a diversif... More
Thompson Midcap 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 Midcap'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 Midcap Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 4.66 | |||
| Value At Risk | (2.11) | |||
| Potential Upside | 1.67 |
Thompson Midcap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thompson Midcap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thompson Midcap's standard deviation. In reality, there are many statistical measures that can use Thompson Midcap historical prices to predict the future Thompson Midcap's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Thompson Midcap'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 Midcap Backtested Returns
Thompson Midcap owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0586, which indicates the fund had a -0.0586% return per unit of risk over the last 3 months. Thompson Midcap Fund exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thompson Midcap's Risk Adjusted Performance of (0.02), variance of 1.13, and Coefficient Of Variation of (2,789) to confirm the risk estimate we provide. The entity has a beta of 1.53, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Thompson Midcap will likely underperform.
Auto-correlation | -0.01 |
Very weak reverse predictability
Thompson Midcap Fund has very weak reverse predictability. Overlapping area represents the amount of predictability between Thompson Midcap 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 Thompson Midcap price movement. The serial correlation of -0.01 indicates that just 1.0% of current Thompson Midcap price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Thompson Midcap lagged returns against current returns
Autocorrelation, which is Thompson Midcap 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 Midcap's mutual fund expected returns. We can calculate the autocorrelation of Thompson Midcap returns to help us make a trade decision. For example, suppose you find that Thompson Midcap 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 Midcap 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 Midcap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thompson Midcap 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 Midcap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Thompson Midcap Lagged Returns
When evaluating Thompson Midcap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thompson Midcap mutual fund have on its future price. Thompson Midcap 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 Midcap autocorrelation shows the relationship between Thompson Midcap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Thompson Midcap Fund.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Thompson Midcap Correlation, Thompson Midcap Volatility and Thompson Midcap Alpha and Beta module to complement your research on Thompson Midcap. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Thompson Midcap 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.