Century Small Cap Fund Market Value

CSMCX Fund  USD 49.00  0.65  1.31%   
Century Small's market value is the price at which a share of Century Small trades on a public exchange. It measures the collective expectations of Century Small Cap investors about its performance. Century Small is trading at 49.00 as of the 9th of December 2024; that is 1.31 percent down since the beginning of the trading day. The fund's open price was 49.65.
With this module, you can estimate the performance of a buy and hold strategy of Century Small Cap and determine expected loss or profit from investing in Century Small over a given investment horizon. Check out Century Small Correlation, Century Small Volatility and Century Small Alpha and Beta module to complement your research on Century Small.
Symbol

Please note, there is a significant difference between Century Small's value and its price as these two are different measures arrived at by different means. Investors typically determine if Century Small is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Century Small'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.

Century Small '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 Century Small'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 Century Small.
0.00
10/16/2023
No Change 0.00  0.0 
In 1 year 1 month and 25 days
12/09/2024
0.00
If you would invest  0.00  in Century Small on October 16, 2023 and sell it all today you would earn a total of 0.00 from holding Century Small Cap or generate 0.0% return on investment in Century Small over 420 days. Century Small is related to or competes with Virtus Real, Prudential Real, Fidelity Real, Amg Managers, Commonwealth Real, and Davis Real. The fund seeks to achieve its investment objective by investing at least 80 percent of its net assets in the common stoc... More

Century Small 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 Century Small'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 Century Small Cap upside and downside potential and time the market with a certain degree of confidence.

Century Small Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Century Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Century Small's standard deviation. In reality, there are many statistical measures that can use Century Small historical prices to predict the future Century Small's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Century Small's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
47.8549.0050.15
Details
Intrinsic
Valuation
LowRealHigh
47.4648.6149.76
Details
Naive
Forecast
LowNextHigh
47.5748.7249.88
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
49.0949.9050.71
Details

Century Small Cap Backtested Returns

Century Small appears to be very steady, given 3 months investment horizon. Century Small Cap secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the fund had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Century Small Cap, which you can use to evaluate the volatility of the entity. Please makes use of Century Small's Risk Adjusted Performance of 0.1388, mean deviation of 0.8469, and Downside Deviation of 0.9907 to double-check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 1.26, 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, Century Small will likely underperform.

Auto-correlation

    
  0.78  

Good predictability

Century Small Cap has good predictability. Overlapping area represents the amount of predictability between Century Small time series from 16th of October 2023 to 13th of May 2024 and 13th of May 2024 to 9th 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 Century Small Cap price movement. The serial correlation of 0.78 indicates that around 78.0% of current Century Small price fluctuation can be explain by its past prices.
Correlation Coefficient0.78
Spearman Rank Test0.79
Residual Average0.0
Price Variance6.53

Century Small Cap lagged returns against current returns

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

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

Century Small Lagged Returns

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

Century Small financial ratios help investors to determine whether Century 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 Century with respect to the benefits of owning Century Small security.
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Fundamental Analysis
View fundamental data based on most recent published financial statements