Polar Capital (UK) Market Value
| 0P0000XSLC | 352.97 2.49 0.70% |
| Symbol | Polar |
Polar Capital '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 Polar Capital's 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 Polar Capital.
| 10/27/2023 |
| 12/20/2024 |
If you would invest 0.00 in Polar Capital on October 27, 2023 and sell it all today you would earn a total of 0.00 from holding Polar Capital Funds or generate 0.0% return on investment in Polar Capital over 420 days. Polar Capital is related to or competes with Sanlam Global, Amundi MSCI, SANTANDER, Coor Service, Franklin FTSE, and Surgical Science. Polar Capital is entity of United Kingdom More
Polar Capital 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 Polar Capital's 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 Polar Capital Funds upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7808 | |||
| Information Ratio | 0.0621 | |||
| Maximum Drawdown | 4.1 | |||
| Value At Risk | (1.31) | |||
| Potential Upside | 1.48 |
Polar Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Polar Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Polar Capital's standard deviation. In reality, there are many statistical measures that can use Polar Capital historical prices to predict the future Polar Capital's volatility.| Risk Adjusted Performance | 0.0808 | |||
| Jensen Alpha | 0.0672 | |||
| Total Risk Alpha | 0.0498 | |||
| Sortino Ratio | 0.0645 | |||
| Treynor Ratio | 0.301 |
Polar Capital Funds Backtested Returns
At this stage we consider Polar Fund to be very steady. Polar Capital Funds maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Polar Capital Funds, which you can use to evaluate the volatility of the fund. Please check Polar Capital's Semi Deviation of 0.6242, coefficient of variation of 983.38, and Risk Adjusted Performance of 0.0808 to confirm if the risk estimate we provide is consistent with the expected return of 0.0961%. The fund holds a Beta of 0.24, which implies not very significant fluctuations relative to the market. As returns on the market increase, Polar Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Polar Capital is expected to be smaller as well.
Auto-correlation | 0.06 |
Virtually no predictability
Polar Capital Funds has virtually no predictability. Overlapping area represents the amount of predictability between Polar Capital time series from 27th of October 2023 to 24th of May 2024 and 24th of May 2024 to 20th of December 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 Polar Capital Funds price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Polar Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 114.17 |
Polar Capital Funds lagged returns against current returns
Autocorrelation, which is Polar Capital 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 Polar Capital's fund expected returns. We can calculate the autocorrelation of Polar Capital returns to help us make a trade decision. For example, suppose you find that Polar Capital has exhibited high autocorrelation historically, and you observe that the 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 |
Polar Capital 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 Polar Capital fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Polar Capital fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Polar Capital fund over time.
Current vs Lagged Prices |
| Timeline |
Polar Capital Lagged Returns
When evaluating Polar Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Polar Capital fund have on its future price. Polar Capital 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, Polar Capital autocorrelation shows the relationship between Polar Capital fund current value and its past values and can show if there is a momentum factor associated with investing in Polar Capital Funds.
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 Polar Fund
Polar Capital financial ratios help investors to determine whether Polar 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 Polar with respect to the benefits of owning Polar Capital security.
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