Century Small Cap Fund Market Value
| CSMCX Fund | USD 50.10 0.05 0.1% |
| Symbol | Century |
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.
| 12/16/2022 |
| 12/05/2024 |
If you would invest 0.00 in Century Small on December 16, 2022 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 720 days. Century Small is related to or competes with Congress Mid, Congress Mid, Congress Large, Congress Large, and Century Small. 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.
| Downside Deviation | 1.26 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 6.41 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 1.96 |
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.| Risk Adjusted Performance | 0.0858 | |||
| Jensen Alpha | 0.0851 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.3969 |
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.
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 0.23, which signifies that the fund had a 0.23% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Century Small Cap, which you can use to evaluate the volatility of the entity. Please makes use of Century Small's Downside Deviation of 1.26, risk adjusted performance of 0.0858, and Mean Deviation of 0.9046 to double-check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Century Small's returns are expected to increase less than the market. However, during the bear market, the loss of holding Century Small is expected to be smaller as well.
Auto-correlation | 0.32 |
Below average predictability
Century Small Cap has below average predictability. Overlapping area represents the amount of predictability between Century Small time series from 16th of December 2022 to 11th of December 2023 and 11th of December 2023 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 Century Small Cap price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Century Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 11.84 |
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.
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