Ab Discovery Growth Fund Market Value

CHCZX Fund  USD 13.46  0.14  1.05%   
Ab Discovery's market value is the price at which a share of Ab Discovery trades on a public exchange. It measures the collective expectations of Ab Discovery Growth investors about its performance. Ab Discovery is trading at 13.46 as of the 22nd of December 2024; that is 1.05% up since the beginning of the trading day. The fund's open price was 13.32.
With this module, you can estimate the performance of a buy and hold strategy of Ab Discovery Growth and determine expected loss or profit from investing in Ab Discovery over a given investment horizon. Check out Ab Discovery Correlation, Ab Discovery Volatility and Ab Discovery Alpha and Beta module to complement your research on Ab Discovery.
Symbol

Please note, there is a significant difference between Ab Discovery's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ab Discovery is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ab Discovery's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Ab Discovery '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 Ab Discovery'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 Ab Discovery.
0.00
11/22/2024
No Change 0.00  0.0 
In 31 days
12/22/2024
0.00
If you would invest  0.00  in Ab Discovery on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Ab Discovery Growth or generate 0.0% return on investment in Ab Discovery over 30 days. Ab Discovery is related to or competes with Ab Global, Ab Global, Ab Global, Ab Minnesota, Ab Minnesota, Ab All, and Ab All. The fund invests primarily in a diversified portfolio of equity securities with relatively smaller capitalizations as co... More

Ab Discovery 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 Ab Discovery'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 Ab Discovery Growth upside and downside potential and time the market with a certain degree of confidence.

Ab Discovery Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Ab Discovery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ab Discovery's standard deviation. In reality, there are many statistical measures that can use Ab Discovery historical prices to predict the future Ab Discovery's volatility.
Hype
Prediction
LowEstimatedHigh
12.2913.4614.63
Details
Intrinsic
Valuation
LowRealHigh
12.3413.5114.68
Details
Naive
Forecast
LowNextHigh
11.9313.0914.26
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
13.1913.9114.63
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Ab Discovery. Your research has to be compared to or analyzed against Ab Discovery's peers to derive any actionable benefits. When done correctly, Ab Discovery's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Ab Discovery Growth.

Ab Discovery Growth Backtested Returns

At this stage we consider CHCZX Mutual Fund to be very steady. Ab Discovery Growth retains Efficiency (Sharpe Ratio) of 0.0446, which signifies that the fund had a 0.0446% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for Ab Discovery, which you can use to evaluate the volatility of the entity. Please confirm Ab Discovery's Market Risk Adjusted Performance of 0.0435, coefficient of variation of 2261.71, and Standard Deviation of 1.16 to double-check if the risk estimate we provide is consistent with the expected return of 0.052%. The fund owns a Beta (Systematic Risk) of 1.23, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ab Discovery will likely underperform.

Auto-correlation

    
  -0.13  

Insignificant reverse predictability

Ab Discovery Growth has insignificant reverse predictability. Overlapping area represents the amount of predictability between Ab Discovery time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Ab Discovery Growth price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Ab Discovery price fluctuation can be explain by its past prices.
Correlation Coefficient-0.13
Spearman Rank Test0.04
Residual Average0.0
Price Variance0.1

Ab Discovery Growth lagged returns against current returns

Autocorrelation, which is Ab Discovery 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 Ab Discovery's mutual fund expected returns. We can calculate the autocorrelation of Ab Discovery returns to help us make a trade decision. For example, suppose you find that Ab Discovery 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  

Ab Discovery 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 Ab Discovery mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ab Discovery mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ab Discovery mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Ab Discovery Lagged Returns

When evaluating Ab Discovery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ab Discovery mutual fund have on its future price. Ab Discovery 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, Ab Discovery autocorrelation shows the relationship between Ab Discovery mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ab Discovery Growth.
   Regressed Prices   
       Timeline  

Also Currently Popular

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Other Information on Investing in CHCZX Mutual Fund

Ab Discovery financial ratios help investors to determine whether CHCZX 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 CHCZX with respect to the benefits of owning Ab Discovery security.
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