Needham Growth Fund Market Value
| NEEGX Fund | USD 57.60 0.62 1.06% |
| Symbol | Needham |
Needham Growth '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 Needham Growth'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 Needham Growth.
| 05/21/2025 |
| 08/19/2025 |
If you would invest 0.00 in Needham Growth on May 21, 2025 and sell it all today you would earn a total of 0.00 from holding Needham Growth Fund or generate 0.0% return on investment in Needham Growth over 90 days. Needham Growth is related to or competes with Needham Aggressive, Needham Small, Aggressive Investors, Meridian Trarian, and Thompson Largecap. The fund normally invests at least 65 percent of its total assets in the equity securities of domestic issuers listed on... More
Needham Growth 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 Needham Growth'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 Needham Growth Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.3 | |||
| Information Ratio | 0.0028 | |||
| Maximum Drawdown | 5.83 | |||
| Value At Risk | (1.98) | |||
| Potential Upside | 2.52 |
Needham Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Needham Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Needham Growth's standard deviation. In reality, there are many statistical measures that can use Needham Growth historical prices to predict the future Needham Growth's volatility.| Risk Adjusted Performance | 0.0603 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.003 | |||
| Treynor Ratio | 0.0781 |
Needham Growth Backtested Returns
At this stage we consider Needham Mutual Fund to be very steady. Needham Growth has Sharpe Ratio of 0.12, which conveys that the entity had a 0.12 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Needham Growth, which you can use to evaluate the volatility of the fund. Please verify Needham Growth's Risk Adjusted Performance of 0.0603, downside deviation of 1.3, and Mean Deviation of 1.07 to check out if the risk estimate we provide is consistent with the expected return of 0.16%. The fund secures a Beta (Market Risk) of 1.23, which conveys 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, Needham Growth will likely underperform.
Auto-correlation | -0.35 |
Poor reverse predictability
Needham Growth Fund has poor reverse predictability. Overlapping area represents the amount of predictability between Needham Growth time series from 21st of May 2025 to 5th of July 2025 and 5th of July 2025 to 19th of August 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Needham Growth price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Needham Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 1.1 |
Needham Growth lagged returns against current returns
Autocorrelation, which is Needham Growth 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 Needham Growth's mutual fund expected returns. We can calculate the autocorrelation of Needham Growth returns to help us make a trade decision. For example, suppose you find that Needham Growth 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 |
Needham Growth 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 Needham Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Needham Growth mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Needham Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Needham Growth Lagged Returns
When evaluating Needham Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Needham Growth mutual fund have on its future price. Needham Growth 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, Needham Growth autocorrelation shows the relationship between Needham Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Needham Growth Fund.
Regressed Prices |
| Timeline |
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Other Information on Investing in Needham Mutual Fund
Needham Growth financial ratios help investors to determine whether Needham 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 Needham with respect to the benefits of owning Needham Growth security.
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