Congress Large Cap Fund Market Value
| CMLIX Fund | USD 43.56 0.04 0.09% |
| Symbol | Congress |
Congress Large '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 Congress Large'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 Congress Large.
| 04/01/2024 |
| 05/01/2024 |
If you would invest 0.00 in Congress Large on April 1, 2024 and sell it all today you would earn a total of 0.00 from holding Congress Large Cap or generate 0.0% return on investment in Congress Large over 30 days. Congress Large is related to or competes with Congress Mid, Congress Mid, Century Small, and Century Small. The adviser attempts to achieve the funds investment objective by investing at least 80 percent of its net assets in equ... More
Congress Large 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 Congress Large'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 Congress Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8952 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.25 | |||
| Value At Risk | (1.47) | |||
| Potential Upside | 1.49 |
Congress Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Congress Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Congress Large's standard deviation. In reality, there are many statistical measures that can use Congress Large historical prices to predict the future Congress Large's volatility.| Risk Adjusted Performance | 0.041 | |||
| Jensen Alpha | 0.0438 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 13.31 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Congress Large'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.
Congress Large Cap Backtested Returns
We consider Congress Large very steady. Congress Large Cap secures Sharpe Ratio (or Efficiency) of 0.0549, which signifies that the fund had a 0.0549% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Congress Large Cap, which you can use to evaluate the volatility of the entity. Please confirm Congress Large's Mean Deviation of 0.6877, risk adjusted performance of 0.041, and Downside Deviation of 0.8952 to double-check if the risk estimate we provide is consistent with the expected return of 0.0481%. The fund shows a Beta (market volatility) of 0.0033, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Congress Large's returns are expected to increase less than the market. However, during the bear market, the loss of holding Congress Large is expected to be smaller as well.
Auto-correlation | 0.01 |
Virtually no predictability
Congress Large Cap has virtually no predictability. Overlapping area represents the amount of predictability between Congress Large time series from 1st of April 2024 to 16th of April 2024 and 16th of April 2024 to 1st of May 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 Congress Large Cap price movement. The serial correlation of 0.01 indicates that just 1.0% of current Congress Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Congress Large Cap lagged returns against current returns
Autocorrelation, which is Congress Large 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 Congress Large's mutual fund expected returns. We can calculate the autocorrelation of Congress Large returns to help us make a trade decision. For example, suppose you find that Congress Large 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 |
Congress Large 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 Congress Large mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Congress Large mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Congress Large mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Congress Large Lagged Returns
When evaluating Congress Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Congress Large mutual fund have on its future price. Congress Large 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, Congress Large autocorrelation shows the relationship between Congress Large mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Congress Large 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 Congress Large 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, Congress Large's short interest history, or implied volatility extrapolated from Congress Large options trading.
Pair Trading with Congress Large
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Congress Large position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Congress Large will appreciate offsetting losses from the drop in the long position's value.Moving together with Congress Mutual Fund
| 0.93 | IMIDX | Congress Mid Cap | PairCorr |
| 0.93 | CMIDX | Congress Mid Cap | PairCorr |
| 1.0 | CAMLX | Congress Large Cap | PairCorr |
| 0.86 | CSMCX | Century Small Cap | PairCorr |
The ability to find closely correlated positions to Congress Large could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Congress Large when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Congress Large - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Congress Large Cap to buy it.
The correlation of Congress Large is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Congress Large moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Congress Large Cap moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Congress Large can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Congress Large Correlation, Congress Large Volatility and Congress Large Alpha and Beta module to complement your research on Congress Large. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Congress Large 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.