Fisher Small Cap Fund Market Value
| IUSCX Fund | USD 13.30 0.23 1.76% |
| Symbol | Fisher |
Fisher Investments '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 Fisher Investments' 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 Fisher Investments.
| 02/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Fisher Investments on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding Fisher Small Cap or generate 0.0% return on investment in Fisher Investments over 660 days. Fisher Investments is related to or competes with Fisher Large, Tactical Multi-purpose, Nasdaq 100, Small Cap, Vanguard 500, Fidelity 500, and Duff. The fund seeks to achieve its objective by investing primarily in a portfolio of equity securities of small cap issuers ... More
Fisher Investments 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 Fisher Investments' 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 Fisher Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.17 | |||
| Information Ratio | 0.0131 | |||
| Maximum Drawdown | 8.0 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 2.29 |
Fisher Investments Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fisher Investments' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fisher Investments' standard deviation. In reality, there are many statistical measures that can use Fisher Investments historical prices to predict the future Fisher Investments' volatility.| Risk Adjusted Performance | 0.0861 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0158 | |||
| Treynor Ratio | 0.0853 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fisher Investments' 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.
Fisher Investments Backtested Returns
At this stage we consider Fisher Mutual Fund to be very steady. Fisher Investments secures Sharpe Ratio (or Efficiency) of 0.0851, which denotes the fund had a 0.0851% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fisher Small Cap, which you can use to evaluate the volatility of the entity. Please confirm Fisher Investments' Downside Deviation of 1.17, mean deviation of 0.9849, and Coefficient Of Variation of 940.64 to check if the risk estimate we provide is consistent with the expected return of 0.12%. The fund shows a Beta (market volatility) of 1.63, which means 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, Fisher Investments will likely underperform.
Auto-correlation | 0.08 |
Virtually no predictability
Fisher Small Cap has virtually no predictability. Overlapping area represents the amount of predictability between Fisher Investments time series from 4th of February 2023 to 31st of December 2023 and 31st of December 2023 to 25th of November 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 Fisher Investments price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Fisher Investments price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Fisher Investments lagged returns against current returns
Autocorrelation, which is Fisher Investments 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 Fisher Investments' mutual fund expected returns. We can calculate the autocorrelation of Fisher Investments returns to help us make a trade decision. For example, suppose you find that Fisher Investments 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 |
Fisher Investments 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 Fisher Investments mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fisher Investments mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fisher Investments mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fisher Investments Lagged Returns
When evaluating Fisher Investments' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fisher Investments mutual fund have on its future price. Fisher Investments 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, Fisher Investments autocorrelation shows the relationship between Fisher Investments mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fisher Small Cap.
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 Fisher Mutual Fund
Fisher Investments financial ratios help investors to determine whether Fisher 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 Fisher with respect to the benefits of owning Fisher Investments security.
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