Copeland Smid Cap Fund Market Value
| CSMDX Fund | USD 16.26 0.12 0.73% |
| Symbol | Copeland |
Copeland Smid '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 Copeland Smid'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 Copeland Smid.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Copeland Smid on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Copeland Smid Cap or generate 0.0% return on investment in Copeland Smid over 30 days. Copeland Smid is related to or competes with Gamco Global, Counterpoint Tactical, T Rowe, Morningstar Municipal, Nuveen Minnesota, and Pace Municipal. The fund is primarily composed of common and preferred stocks, master limited partnership units and equity real estate i... More
Copeland Smid 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 Copeland Smid'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 Copeland Smid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7433 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 5.33 | |||
| Value At Risk | (1.11) | |||
| Potential Upside | 1.55 |
Copeland Smid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Copeland Smid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Copeland Smid's standard deviation. In reality, there are many statistical measures that can use Copeland Smid historical prices to predict the future Copeland Smid's volatility.| Risk Adjusted Performance | 0.047 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.042 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Copeland Smid'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.
Copeland Smid Cap Backtested Returns
At this stage we consider Copeland Mutual Fund to be very steady. Copeland Smid Cap secures Sharpe Ratio (or Efficiency) of 0.0316, which signifies that the fund had a 0.0316% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Copeland Smid Cap, which you can use to evaluate the volatility of the entity. Please confirm Copeland Smid's Risk Adjusted Performance of 0.047, downside deviation of 0.7433, and Mean Deviation of 0.6814 to double-check if the risk estimate we provide is consistent with the expected return of 0.0289%. The fund shows a Beta (market volatility) of 1.13, which signifies a somewhat significant risk relative to the market. Copeland Smid returns are very sensitive to returns on the market. As the market goes up or down, Copeland Smid is expected to follow.
Auto-correlation | -0.89 |
Excellent reverse predictability
Copeland Smid Cap has excellent reverse predictability. Overlapping area represents the amount of predictability between Copeland Smid time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Copeland Smid Cap price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current Copeland Smid price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.89 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Copeland Smid Cap lagged returns against current returns
Autocorrelation, which is Copeland Smid 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 Copeland Smid's mutual fund expected returns. We can calculate the autocorrelation of Copeland Smid returns to help us make a trade decision. For example, suppose you find that Copeland Smid 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 |
Copeland Smid 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 Copeland Smid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Copeland Smid mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Copeland Smid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Copeland Smid Lagged Returns
When evaluating Copeland Smid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Copeland Smid mutual fund have on its future price. Copeland Smid 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, Copeland Smid autocorrelation shows the relationship between Copeland Smid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Copeland Smid 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 Copeland Mutual Fund
Copeland Smid financial ratios help investors to determine whether Copeland 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 Copeland with respect to the benefits of owning Copeland Smid security.
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