Tributary Smallmid Cap Fund Market Value
| FSMCX Fund | USD 18.30 0.03 0.16% |
| Symbol | Tributary |
Tributary Small/mid '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 Tributary Small/mid'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 Tributary Small/mid.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Tributary Small/mid on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Tributary Smallmid Cap or generate 0.0% return on investment in Tributary Small/mid over 30 days. Tributary Small/mid is related to or competes with Materials Portfolio, Rbb Fund, Iaadx, Balanced Fund, Scharf Global, and Arrow Managed. Under normal market conditions, the Advisor intends to invest at least 80 percent of its assets in common stocks and sec... More
Tributary Small/mid 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 Tributary Small/mid'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 Tributary Smallmid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9427 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 5.73 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 1.74 |
Tributary Small/mid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tributary Small/mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tributary Small/mid's standard deviation. In reality, there are many statistical measures that can use Tributary Small/mid historical prices to predict the future Tributary Small/mid's volatility.| Risk Adjusted Performance | 0.0791 | |||
| Jensen Alpha | 0.0741 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.6104 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tributary Small/mid'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.
Tributary Smallmid Cap Backtested Returns
At this stage we consider Tributary Mutual Fund to be very steady. Tributary Smallmid Cap owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the fund had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Tributary Smallmid Cap, which you can use to evaluate the volatility of the fund. Please validate Tributary Small/mid's Semi Deviation of 0.7908, coefficient of variation of 999.39, and Risk Adjusted Performance of 0.0791 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. The entity has a beta of 0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tributary Small/mid's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tributary Small/mid is expected to be smaller as well.
Auto-correlation | 0.84 |
Very good predictability
Tributary Smallmid Cap has very good predictability. Overlapping area represents the amount of predictability between Tributary Small/mid time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Tributary Smallmid Cap price movement. The serial correlation of 0.84 indicates that around 84.0% of current Tributary Small/mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Tributary Smallmid Cap lagged returns against current returns
Autocorrelation, which is Tributary Small/mid 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 Tributary Small/mid's mutual fund expected returns. We can calculate the autocorrelation of Tributary Small/mid returns to help us make a trade decision. For example, suppose you find that Tributary Small/mid 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 |
Tributary Small/mid 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 Tributary Small/mid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tributary Small/mid mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tributary Small/mid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Tributary Small/mid Lagged Returns
When evaluating Tributary Small/mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tributary Small/mid mutual fund have on its future price. Tributary Small/mid 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, Tributary Small/mid autocorrelation shows the relationship between Tributary Small/mid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Tributary Smallmid 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 Tributary Mutual Fund
Tributary Small/mid financial ratios help investors to determine whether Tributary 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 Tributary with respect to the benefits of owning Tributary Small/mid security.
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