Embark Small Cap Fund Market Value
| ESCWX Fund | 11.79 0.03 0.26% |
| Symbol | Embark |
Embark 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 Embark 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 Embark Small.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Embark Small on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Embark Small Cap or generate 0.0% return on investment in Embark Small over 540 days. Embark Small is related to or competes with James Balanced:, Goldman Sachs, Goldman Sachs, Sprott Gold, Short Precious, Europac Gold, and Oppenheimer Gold. Under normal circumstances, the fund invests at least 80 percent of its net assets, plus borrowings for investment purpo... More
Embark 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 Embark 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 Embark Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.09 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 5.23 | |||
| Value At Risk | (1.37) | |||
| Potential Upside | 1.85 |
Embark Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Embark Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Embark Small's standard deviation. In reality, there are many statistical measures that can use Embark Small historical prices to predict the future Embark Small's volatility.| Risk Adjusted Performance | 0.0976 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.1005 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Embark 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.
Embark Small Cap Backtested Returns
At this stage we consider Embark Mutual Fund to be very steady. Embark Small Cap secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the fund had a 0.16% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Embark Small Cap, which you can use to evaluate the volatility of the entity. Please confirm Embark Small's Semi Deviation of 0.8573, mean deviation of 0.811, and Downside Deviation of 1.09 to check if the risk estimate we provide is consistent with the expected return of 0.17%. The fund shows a Beta (market volatility) of 1.25, which means 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, Embark Small will likely underperform.
Auto-correlation | 0.53 |
Modest predictability
Embark Small Cap has modest predictability. Overlapping area represents the amount of predictability between Embark Small time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th of November 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 Embark Small Cap price movement. The serial correlation of 0.53 indicates that about 53.0% of current Embark Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Embark Small Cap lagged returns against current returns
Autocorrelation, which is Embark 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 Embark Small's mutual fund expected returns. We can calculate the autocorrelation of Embark Small returns to help us make a trade decision. For example, suppose you find that Embark 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 |
Embark 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 Embark Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Embark 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 Embark Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Embark Small Lagged Returns
When evaluating Embark Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Embark Small mutual fund have on its future price. Embark 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, Embark Small autocorrelation shows the relationship between Embark Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Embark 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 Embark Mutual Fund
Embark Small financial ratios help investors to determine whether Embark 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 Embark with respect to the benefits of owning Embark Small security.
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