Conestoga Smid Cap Fund Market Value
| CCSMX Fund | USD 27.44 0.16 0.59% |
| Symbol | Conestoga |
Conestoga Smid '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 Conestoga Smid'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 Conestoga Smid.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Conestoga Smid on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Conestoga Smid Cap or generate 0.0% return on investment in Conestoga Smid over 30 days. Conestoga Smid is related to or competes with Conestoga Small, Conestoga Small, Conestoga Mid, Columbia Large, Conestoga Smid. The fund invests at least 80 percent of its net assets in equity securities of small-to-mid capitalization companies More
Conestoga Smid 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 Conestoga Smid'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 Conestoga Smid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9288 | |||
| Information Ratio | 0.0565 | |||
| Maximum Drawdown | 5.35 | |||
| Value At Risk | (1.25) | |||
| Potential Upside | 1.79 |
Conestoga Smid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Conestoga Smid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Conestoga Smid's standard deviation. In reality, there are many statistical measures that can use Conestoga Smid historical prices to predict the future Conestoga Smid's volatility.| Risk Adjusted Performance | 0.1355 | |||
| Jensen Alpha | 0.0417 | |||
| Total Risk Alpha | 0.0149 | |||
| Sortino Ratio | 0.0594 | |||
| Treynor Ratio | 0.1518 |
Conestoga Smid Cap Backtested Returns
At this stage we consider Conestoga Mutual Fund to be very steady. Conestoga Smid Cap secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the fund had a 0.15% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Conestoga Smid Cap, which you can use to evaluate the volatility of the entity. Please confirm Conestoga Smid's Downside Deviation of 0.9288, risk adjusted performance of 0.1355, and Mean Deviation of 0.7228 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. The fund shows a Beta (market volatility) of 1.12, which signifies a somewhat significant risk relative to the market. Conestoga Smid returns are very sensitive to returns on the market. As the market goes up or down, Conestoga Smid is expected to follow.
Auto-correlation | -0.6 |
Good reverse predictability
Conestoga Smid Cap has good reverse predictability. Overlapping area represents the amount of predictability between Conestoga Smid time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Conestoga Smid Cap price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Conestoga Smid price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Conestoga Smid Cap lagged returns against current returns
Autocorrelation, which is Conestoga Smid 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 Conestoga Smid's mutual fund expected returns. We can calculate the autocorrelation of Conestoga Smid returns to help us make a trade decision. For example, suppose you find that Conestoga Smid 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 |
Conestoga Smid 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 Conestoga Smid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Conestoga Smid mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Conestoga Smid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Conestoga Smid Lagged Returns
When evaluating Conestoga Smid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Conestoga Smid mutual fund have on its future price. Conestoga Smid 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, Conestoga Smid autocorrelation shows the relationship between Conestoga Smid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Conestoga Smid 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 Conestoga Mutual Fund
Conestoga Smid financial ratios help investors to determine whether Conestoga 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 Conestoga with respect to the benefits of owning Conestoga Smid security.
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