The Chesapeake Growth Fund Market Value
| CHCGX Fund | USD 53.68 0.19 0.35% |
| Symbol | Chesapeake |
Chesapeake 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 Chesapeake 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 Chesapeake Growth.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Chesapeake Growth on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding The Chesapeake Growth or generate 0.0% return on investment in Chesapeake Growth over 30 days. Chesapeake Growth is related to or competes with Emerald Growth, Victory Rs, Hotchkis Wiley, Chase Growth, and Emerald Growth. The fund, which is a diversified separate investment portfolio of the Chesapeake Investment Trust , seeks capital apprec... More
Chesapeake 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 Chesapeake 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 The Chesapeake Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7011 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.83 | |||
| Value At Risk | (1.07) | |||
| Potential Upside | 0.9776 |
Chesapeake Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chesapeake Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chesapeake Growth's standard deviation. In reality, there are many statistical measures that can use Chesapeake Growth historical prices to predict the future Chesapeake Growth's volatility.| Risk Adjusted Performance | 0.1225 | |||
| Jensen Alpha | 0.0981 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 1.25 |
Chesapeake Growth Backtested Returns
At this stage we consider Chesapeake Mutual Fund to be very steady. Chesapeake Growth secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the fund had a 0.11% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for The Chesapeake Growth, which you can use to evaluate the volatility of the entity. Please confirm Chesapeake Growth's Mean Deviation of 0.5011, risk adjusted performance of 0.1225, and Semi Deviation of 0.5169 to double-check if the risk estimate we provide is consistent with the expected return of 0.0762%. The fund shows a Beta (market volatility) of 0.0862, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Chesapeake Growth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chesapeake Growth is expected to be smaller as well.
Auto-correlation | -0.34 |
Poor reverse predictability
The Chesapeake Growth has poor reverse predictability. Overlapping area represents the amount of predictability between Chesapeake Growth 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 Chesapeake Growth price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Chesapeake Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Chesapeake Growth lagged returns against current returns
Autocorrelation, which is Chesapeake 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 Chesapeake Growth's mutual fund expected returns. We can calculate the autocorrelation of Chesapeake Growth returns to help us make a trade decision. For example, suppose you find that Chesapeake 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 |
Chesapeake 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 Chesapeake Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chesapeake 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 Chesapeake Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Chesapeake Growth Lagged Returns
When evaluating Chesapeake Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chesapeake Growth mutual fund have on its future price. Chesapeake 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, Chesapeake Growth autocorrelation shows the relationship between Chesapeake Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The Chesapeake Growth.
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 Chesapeake Mutual Fund
Chesapeake Growth financial ratios help investors to determine whether Chesapeake 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 Chesapeake with respect to the benefits of owning Chesapeake Growth security.
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