Edgar Lomax Value Fund Market Value

LOMAX Fund  USD 15.15  0.15  1.00%   
Edgar Lomax's market value is the price at which a share of Edgar Lomax trades on a public exchange. It measures the collective expectations of Edgar Lomax Value investors about its performance. Edgar Lomax is trading at 15.15 as of the 16th of March 2025; that is 1.00 percent up since the beginning of the trading day. The fund's open price was 15.0.
With this module, you can estimate the performance of a buy and hold strategy of Edgar Lomax Value and determine expected loss or profit from investing in Edgar Lomax over a given investment horizon. Check out Edgar Lomax Correlation, Edgar Lomax Volatility and Edgar Lomax Alpha and Beta module to complement your research on Edgar Lomax.
Symbol

Please note, there is a significant difference between Edgar Lomax's value and its price as these two are different measures arrived at by different means. Investors typically determine if Edgar Lomax is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Edgar Lomax's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Edgar Lomax '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 Edgar Lomax'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 Edgar Lomax.
0.00
12/16/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/16/2025
0.00
If you would invest  0.00  in Edgar Lomax on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Edgar Lomax Value or generate 0.0% return on investment in Edgar Lomax over 90 days. Edgar Lomax is related to or competes with Nationwide Small, Nationwide International, Nationwide Mid, Nationwide, and Nationwide Fund. The fund invests primarily in large, well-recognized companies More

Edgar Lomax 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 Edgar Lomax'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 Edgar Lomax Value upside and downside potential and time the market with a certain degree of confidence.

Edgar Lomax Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Edgar Lomax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Edgar Lomax's standard deviation. In reality, there are many statistical measures that can use Edgar Lomax historical prices to predict the future Edgar Lomax's volatility.
Hype
Prediction
LowEstimatedHigh
14.3615.1515.94
Details
Intrinsic
Valuation
LowRealHigh
13.6416.3217.11
Details
Naive
Forecast
LowNextHigh
14.0614.8515.64
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
14.8915.2315.57
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Edgar Lomax. Your research has to be compared to or analyzed against Edgar Lomax's peers to derive any actionable benefits. When done correctly, Edgar Lomax's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Edgar Lomax Value.

Edgar Lomax Value Backtested Returns

At this stage we consider Edgar Mutual Fund to be very steady. Edgar Lomax Value secures Sharpe Ratio (or Efficiency) of 0.0624, which denotes the fund had a 0.0624 % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Edgar Lomax Value, which you can use to evaluate the volatility of the entity. Please confirm Edgar Lomax's Standard Deviation of 0.8669, variance of 0.7515, and Mean Deviation of 0.6479 to check if the risk estimate we provide is consistent with the expected return of 0.0492%. The fund shows a Beta (market volatility) of 0.58, which means possible diversification benefits within a given portfolio. As returns on the market increase, Edgar Lomax's returns are expected to increase less than the market. However, during the bear market, the loss of holding Edgar Lomax is expected to be smaller as well.

Auto-correlation

    
  0.01  

Virtually no predictability

Edgar Lomax Value has virtually no predictability. Overlapping area represents the amount of predictability between Edgar Lomax time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Edgar Lomax Value price movement. The serial correlation of 0.01 indicates that just 1.0% of current Edgar Lomax price fluctuation can be explain by its past prices.
Correlation Coefficient0.01
Spearman Rank Test0.23
Residual Average0.0
Price Variance0.04

Edgar Lomax Value lagged returns against current returns

Autocorrelation, which is Edgar Lomax 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 Edgar Lomax's mutual fund expected returns. We can calculate the autocorrelation of Edgar Lomax returns to help us make a trade decision. For example, suppose you find that Edgar Lomax 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  

Edgar Lomax 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 Edgar Lomax mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Edgar Lomax mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Edgar Lomax mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Edgar Lomax Lagged Returns

When evaluating Edgar Lomax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Edgar Lomax mutual fund have on its future price. Edgar Lomax 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, Edgar Lomax autocorrelation shows the relationship between Edgar Lomax mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Edgar Lomax Value.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Edgar Mutual Fund

Edgar Lomax financial ratios help investors to determine whether Edgar 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 Edgar with respect to the benefits of owning Edgar Lomax security.
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