Mid Cap Value Fund Market Value
| AMDVX Fund | USD 16.98 0.09 0.53% |
| Symbol | Mid |
Mid Cap '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 Mid Cap'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 Mid Cap.
| 09/06/2024 |
| 10/06/2024 |
If you would invest 0.00 in Mid Cap on September 6, 2024 and sell it all today you would earn a total of 0.00 from holding Mid Cap Value or generate 0.0% return on investment in Mid Cap over 30 days. Mid Cap is related to or competes with Janus Triton, New World, Fidelity Mid, Mfs Value, and Jpmorgan Equity. Under normal market conditions, the portfolio managers will invest at least 80 percent of the funds net assets in medium... More
Mid Cap 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 Mid Cap'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 Mid Cap Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7555 | |||
| Information Ratio | 0.0403 | |||
| Maximum Drawdown | 4.38 | |||
| Value At Risk | (0.74) | |||
| Potential Upside | 1.38 |
Mid Cap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mid Cap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mid Cap's standard deviation. In reality, there are many statistical measures that can use Mid Cap historical prices to predict the future Mid Cap's volatility.| Risk Adjusted Performance | 0.1611 | |||
| Jensen Alpha | 0.0543 | |||
| Total Risk Alpha | 0.0402 | |||
| Sortino Ratio | 0.039 | |||
| Treynor Ratio | 0.1772 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mid Cap'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.
Mid Cap Value Backtested Returns
At this stage we consider Mid Mutual Fund to be very steady. Mid Cap Value has Sharpe Ratio of 0.2, which conveys that the entity had a 0.2% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Mid Cap, which you can use to evaluate the volatility of the fund. Please verify Mid Cap's Downside Deviation of 0.7555, mean deviation of 0.5724, and Risk Adjusted Performance of 0.1611 to check out if the risk estimate we provide is consistent with the expected return of 0.15%. The fund secures a Beta (Market Risk) of 0.77, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mid Cap's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mid Cap is expected to be smaller as well.
Auto-correlation | -0.49 |
Modest reverse predictability
Mid Cap Value has modest reverse predictability. Overlapping area represents the amount of predictability between Mid Cap time series from 6th of September 2024 to 21st of September 2024 and 21st of September 2024 to 6th of October 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 Mid Cap Value price movement. The serial correlation of -0.49 indicates that about 49.0% of current Mid Cap price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Mid Cap Value lagged returns against current returns
Autocorrelation, which is Mid Cap 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 Mid Cap's mutual fund expected returns. We can calculate the autocorrelation of Mid Cap returns to help us make a trade decision. For example, suppose you find that Mid Cap 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 |
Mid Cap 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 Mid Cap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mid Cap mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mid Cap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mid Cap Lagged Returns
When evaluating Mid Cap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mid Cap mutual fund have on its future price. Mid Cap 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, Mid Cap autocorrelation shows the relationship between Mid Cap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mid Cap Value.
Regressed Prices |
| Timeline |
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.Other Information on Investing in Mid Mutual Fund
Mid Cap financial ratios help investors to determine whether Mid Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Mid with respect to the benefits of owning Mid Cap security.
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