Scout Small Cap Fund Market Value
| UMBHX Fund | USD 26.84 0.04 0.15% |
| Symbol | Scout |
Scout Small '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 Scout Small'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 Scout Small.
| 07/04/2022 |
| 04/24/2024 |
If you would invest 0.00 in Scout Small on July 4, 2022 and sell it all today you would earn a total of 0.00 from holding Scout Small Cap or generate 0.0% return on investment in Scout Small over 660 days. Scout Small is related to or competes with Fidelity Advisor, HUMANA, Morningstar Unconstrained, High Yield, Thrivent High, Via Renewables, and T Rowe. The fund pursues its objective by investing, under normal circumstances, at least 80 percent of its net assets in equity... More
Scout Small 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 Scout Small'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 Scout Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.23 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 5.45 | |||
| Value At Risk | (1.92) | |||
| Potential Upside | 1.86 |
Scout Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Scout Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scout Small's standard deviation. In reality, there are many statistical measures that can use Scout Small historical prices to predict the future Scout Small's volatility.| Risk Adjusted Performance | 0.0242 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0166 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Scout Small'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.
Scout Small Cap Backtested Returns
We consider Scout Small very steady. Scout Small Cap owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0213, which indicates the fund had a 0.0213% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Scout Small Cap, which you can use to evaluate the volatility of the fund. Please validate Scout Small's Coefficient Of Variation of 3212.41, semi deviation of 1.18, and Risk Adjusted Performance of 0.0242 to confirm if the risk estimate we provide is consistent with the expected return of 0.0254%. The entity has a beta of 1.64, 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, Scout Small will likely underperform.
Auto-correlation | 0.07 |
Virtually no predictability
Scout Small Cap has virtually no predictability. Overlapping area represents the amount of predictability between Scout Small time series from 4th of July 2022 to 30th of May 2023 and 30th of May 2023 to 24th 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 Scout Small Cap price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Scout Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 2.49 |
Scout Small Cap lagged returns against current returns
Autocorrelation, which is Scout Small 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 Scout Small's mutual fund expected returns. We can calculate the autocorrelation of Scout Small returns to help us make a trade decision. For example, suppose you find that Scout Small 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 |
Scout Small 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 Scout Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scout Small mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scout Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Scout Small Lagged Returns
When evaluating Scout Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scout Small mutual fund have on its future price. Scout Small 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, Scout Small autocorrelation shows the relationship between Scout Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Scout Small Cap.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Scout Small in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Scout Small's short interest history, or implied volatility extrapolated from Scout Small options trading.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Scout Small Correlation, Scout Small Volatility and Scout Small Alpha and Beta module to complement your research on Scout Small. Note that the Scout Small Cap information on this page should be used as a complementary analysis to other Scout Small'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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Scout Small 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.