Conestoga Micro Cap Fund Market Value
CMIRX Fund | USD 8.41 0.02 0.24% |
Symbol | Conestoga |
Conestoga Micro '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 Micro'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 Micro.
11/05/2024 |
| 12/05/2024 |
If you would invest 0.00 in Conestoga Micro on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Conestoga Micro Cap or generate 0.0% return on investment in Conestoga Micro over 30 days. Conestoga Micro is related to or competes with Conestoga Micro, Conestoga Small, Conestoga Small, Conestoga Mid, Columbia Large, and Conestoga Smid. Under normal market circumstances, the fund invests at least 80 percent of its net assets in equity securities of micro-... More
Conestoga Micro 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 Micro'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 Micro Cap upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.42 | |||
Information Ratio | 0.0028 | |||
Maximum Drawdown | 7.59 | |||
Value At Risk | (2.25) | |||
Potential Upside | 2.41 |
Conestoga Micro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Conestoga Micro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Conestoga Micro's standard deviation. In reality, there are many statistical measures that can use Conestoga Micro historical prices to predict the future Conestoga Micro's volatility.Risk Adjusted Performance | 0.0786 | |||
Jensen Alpha | 0.1054 | |||
Total Risk Alpha | (0.14) | |||
Sortino Ratio | 0.003 | |||
Treynor Ratio | 0.5416 |
Conestoga Micro Cap Backtested Returns
Conestoga Micro appears to be not too volatile, given 3 months investment horizon. Conestoga Micro Cap secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the fund had a 0.19% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Conestoga Micro Cap, which you can use to evaluate the volatility of the entity. Please makes use of Conestoga Micro's Risk Adjusted Performance of 0.0786, mean deviation of 1.14, and Downside Deviation of 1.42 to double-check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 0.26, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Conestoga Micro's returns are expected to increase less than the market. However, during the bear market, the loss of holding Conestoga Micro is expected to be smaller as well.
Auto-correlation | 0.23 |
Weak predictability
Conestoga Micro Cap has weak predictability. Overlapping area represents the amount of predictability between Conestoga Micro time series from 5th of November 2024 to 20th of November 2024 and 20th of November 2024 to 5th 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 Micro Cap price movement. The serial correlation of 0.23 indicates that over 23.0% of current Conestoga Micro price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.23 | |
Spearman Rank Test | 0.01 | |
Residual Average | 0.0 | |
Price Variance | 0.03 |
Conestoga Micro Cap lagged returns against current returns
Autocorrelation, which is Conestoga Micro 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 Micro's mutual fund expected returns. We can calculate the autocorrelation of Conestoga Micro returns to help us make a trade decision. For example, suppose you find that Conestoga Micro 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 Micro 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 Micro mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Conestoga Micro 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 Micro mutual fund over time.
Current vs Lagged Prices |
Timeline |
Conestoga Micro Lagged Returns
When evaluating Conestoga Micro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Conestoga Micro mutual fund have on its future price. Conestoga Micro 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 Micro autocorrelation shows the relationship between Conestoga Micro mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Conestoga Micro 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 Micro 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 Micro security.
Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes |