Api Growth Fund Market Value
| AFGGX Fund | USD 18.43 0.05 0.27% |
| Symbol | Api |
Api 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 Api 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 Api Growth.
| 12/10/2024 |
| 01/09/2025 |
If you would invest 0.00 in Api Growth on December 10, 2024 and sell it all today you would earn a total of 0.00 from holding Api Growth Fund or generate 0.0% return on investment in Api Growth over 30 days. Api Growth is related to or competes with Api Growth, Api Multi, Api Growth, Api Multi, Yorktown Small, Yorktown Small, and Yorktown Small. The fund invests in securities that, in the opinion of Yorktown Management Research Company, Inc More
Api 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 Api 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 Api Growth Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.07 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 7.03 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.52 |
Api Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Api Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Api Growth's standard deviation. In reality, there are many statistical measures that can use Api Growth historical prices to predict the future Api Growth's volatility.| Risk Adjusted Performance | 0.0071 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.01) |
Api Growth Fund Backtested Returns
Api Growth Fund secures Sharpe Ratio (or Efficiency) of -0.019, which signifies that the fund had a -0.019% return per unit of risk over the last 3 months. Api Growth Fund exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Api Growth's Mean Deviation of 0.7224, downside deviation of 1.07, and Risk Adjusted Performance of 0.0071 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.38, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Api Growth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Api Growth is expected to be smaller as well.
Auto-correlation | -0.38 |
Poor reverse predictability
Api Growth Fund has poor reverse predictability. Overlapping area represents the amount of predictability between Api Growth time series from 10th of December 2024 to 25th of December 2024 and 25th of December 2024 to 9th of January 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 Api Growth Fund price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Api Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Api Growth Fund lagged returns against current returns
Autocorrelation, which is Api 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 Api Growth's mutual fund expected returns. We can calculate the autocorrelation of Api Growth returns to help us make a trade decision. For example, suppose you find that Api 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 |
Api 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 Api Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Api 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 Api Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Api Growth Lagged Returns
When evaluating Api Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Api Growth mutual fund have on its future price. Api 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, Api Growth autocorrelation shows the relationship between Api Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Api Growth Fund.
Regressed Prices |
| Timeline |
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Other Information on Investing in Api Mutual Fund
Api Growth financial ratios help investors to determine whether Api 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 Api with respect to the benefits of owning Api Growth security.
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