Apexcm Smallmid Cap Fund Market Value
| APSGX Fund | USD 17.05 0.05 0.29% |
| Symbol | Apexcm |
Apexcm Small/mid '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 Apexcm Small/mid'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 Apexcm Small/mid.
| 12/04/2024 |
| 01/03/2025 |
If you would invest 0.00 in Apexcm Small/mid on December 4, 2024 and sell it all today you would earn a total of 0.00 from holding Apexcm Smallmid Cap or generate 0.0% return on investment in Apexcm Small/mid over 30 days. Apexcm Small/mid is related to or competes with Red Oak, Invesco Technology, Firsthand Technology, Technology Ultrasector, Fidelity Advisor, and Columbia Global. Under normal circumstances, the fund will invest at least 80 percent of its net assets in common stocks of small- and mi... More
Apexcm Small/mid 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 Apexcm Small/mid'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 Apexcm Smallmid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.25 | |||
| Information Ratio | 0.0282 | |||
| Maximum Drawdown | 8.01 | |||
| Value At Risk | (1.32) | |||
| Potential Upside | 1.55 |
Apexcm Small/mid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Apexcm Small/mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Apexcm Small/mid's standard deviation. In reality, there are many statistical measures that can use Apexcm Small/mid historical prices to predict the future Apexcm Small/mid's volatility.| Risk Adjusted Performance | 0.0338 | |||
| Jensen Alpha | 0.0332 | |||
| Total Risk Alpha | 0.0315 | |||
| Sortino Ratio | 0.0257 | |||
| Treynor Ratio | 0.0932 |
Apexcm Smallmid Cap Backtested Returns
At this stage we consider Apexcm Mutual Fund to be very steady. Apexcm Smallmid Cap secures Sharpe Ratio (or Efficiency) of 0.0581, which signifies that the fund had a 0.0581% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Apexcm Smallmid Cap, which you can use to evaluate the volatility of the entity. Please confirm Apexcm Small/mid's mean deviation of 0.8412, and Risk Adjusted Performance of 0.0338 to double-check if the risk estimate we provide is consistent with the expected return of 0.0661%. The fund shows a Beta (market volatility) of 0.36, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Apexcm Small/mid's returns are expected to increase less than the market. However, during the bear market, the loss of holding Apexcm Small/mid is expected to be smaller as well.
Auto-correlation | 0.37 |
Below average predictability
Apexcm Smallmid Cap has below average predictability. Overlapping area represents the amount of predictability between Apexcm Small/mid time series from 4th of December 2024 to 19th of December 2024 and 19th of December 2024 to 3rd 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 Apexcm Smallmid Cap price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Apexcm Small/mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Apexcm Smallmid Cap lagged returns against current returns
Autocorrelation, which is Apexcm Small/mid 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 Apexcm Small/mid's mutual fund expected returns. We can calculate the autocorrelation of Apexcm Small/mid returns to help us make a trade decision. For example, suppose you find that Apexcm Small/mid 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 |
Apexcm Small/mid 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 Apexcm Small/mid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Apexcm Small/mid mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Apexcm Small/mid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Apexcm Small/mid Lagged Returns
When evaluating Apexcm Small/mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Apexcm Small/mid mutual fund have on its future price. Apexcm Small/mid 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, Apexcm Small/mid autocorrelation shows the relationship between Apexcm Small/mid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Apexcm Smallmid Cap.
Regressed Prices |
| Timeline |
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Other Information on Investing in Apexcm Mutual Fund
Apexcm Small/mid financial ratios help investors to determine whether Apexcm 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 Apexcm with respect to the benefits of owning Apexcm Small/mid security.
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges |