Edgewood Growth Fund Market Value
| EGFIX Fund | USD 54.16 0.35 0.65% |
| Symbol | Edgewood |
Edgewood Growth '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 Edgewood Growth'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 Edgewood Growth.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Edgewood Growth on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Edgewood Growth Fund or generate 0.0% return on investment in Edgewood Growth over 360 days. Edgewood Growth is related to or competes with John Hancock, Diamond Hill, Hartford Schroders, Oakmark International, and Pimco Investment. The fund primarily invests in a core group of 15-35 equity securities, including both common stocks and sponsored Americ... More
Edgewood Growth 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 Edgewood Growth'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 Edgewood Growth Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.12 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 4.66 | |||
| Value At Risk | (1.78) | |||
| Potential Upside | 1.7 |
Edgewood Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Edgewood Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Edgewood Growth's standard deviation. In reality, there are many statistical measures that can use Edgewood Growth historical prices to predict the future Edgewood Growth's volatility.| Risk Adjusted Performance | 0.0926 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1217 |
Edgewood Growth Backtested Returns
At this stage we consider Edgewood Mutual Fund to be very steady. Edgewood Growth secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the fund had a 0.15% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Edgewood Growth Fund, which you can use to evaluate the volatility of the entity. Please confirm Edgewood Growth's Mean Deviation of 0.7273, downside deviation of 1.12, and Coefficient Of Variation of 846.48 to check if the risk estimate we provide is consistent with the expected return of 0.14%. The fund shows a Beta (market volatility) of 0.88, which means possible diversification benefits within a given portfolio. Edgewood Growth returns are very sensitive to returns on the market. As the market goes up or down, Edgewood Growth is expected to follow.
Auto-correlation | 0.10 |
Insignificant predictability
Edgewood Growth Fund has insignificant predictability. Overlapping area represents the amount of predictability between Edgewood Growth time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Edgewood Growth price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Edgewood Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 2.46 |
Edgewood Growth lagged returns against current returns
Autocorrelation, which is Edgewood Growth 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 Edgewood Growth's mutual fund expected returns. We can calculate the autocorrelation of Edgewood Growth returns to help us make a trade decision. For example, suppose you find that Edgewood Growth 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 |
Edgewood Growth 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 Edgewood Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Edgewood Growth mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Edgewood Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Edgewood Growth Lagged Returns
When evaluating Edgewood Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Edgewood Growth mutual fund have on its future price. Edgewood Growth 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, Edgewood Growth autocorrelation shows the relationship between Edgewood Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Edgewood Growth Fund.
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 Edgewood Mutual Fund
Edgewood Growth financial ratios help investors to determine whether Edgewood 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 Edgewood with respect to the benefits of owning Edgewood Growth security.
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