Marsico Focus Fund Market Value
| MFOCX Fund | USD 31.40 0.30 0.96% |
| Symbol | Marsico |
Marsico Focus '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 Marsico Focus' 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 Marsico Focus.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Marsico Focus on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Marsico Focus Fund or generate 0.0% return on investment in Marsico Focus over 720 days. Marsico Focus is related to or competes with Marsico Growth, T Rowe, Short-term Fund, Selected American, and Causeway International. The fund invests primarily in the common stocks of large companies that are selected for their long-term growth potentia... More
Marsico Focus 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 Marsico Focus' 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 Marsico Focus Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.21 | |||
| Information Ratio | 0.008 | |||
| Maximum Drawdown | 5.0 | |||
| Value At Risk | (2.06) | |||
| Potential Upside | 1.7 |
Marsico Focus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Marsico Focus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Marsico Focus' standard deviation. In reality, there are many statistical measures that can use Marsico Focus historical prices to predict the future Marsico Focus' volatility.| Risk Adjusted Performance | 0.1078 | |||
| Jensen Alpha | 0.0179 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0071 | |||
| Treynor Ratio | 0.1469 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Marsico Focus' 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.
Marsico Focus Backtested Returns
At this stage we consider Marsico Mutual Fund to be very steady. Marsico Focus has Sharpe Ratio of 0.19, which conveys that the entity had a 0.19% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Marsico Focus, which you can use to evaluate the volatility of the fund. Please verify Marsico Focus' Risk Adjusted Performance of 0.1078, mean deviation of 0.773, and Downside Deviation of 1.21 to check out if the risk estimate we provide is consistent with the expected return of 0.18%. The fund secures a Beta (Market Risk) of 0.93, which conveys possible diversification benefits within a given portfolio. Marsico Focus returns are very sensitive to returns on the market. As the market goes up or down, Marsico Focus is expected to follow.
Auto-correlation | 0.86 |
Very good predictability
Marsico Focus Fund has very good predictability. Overlapping area represents the amount of predictability between Marsico Focus time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 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 Marsico Focus price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Marsico Focus price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 6.62 |
Marsico Focus lagged returns against current returns
Autocorrelation, which is Marsico Focus 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 Marsico Focus' mutual fund expected returns. We can calculate the autocorrelation of Marsico Focus returns to help us make a trade decision. For example, suppose you find that Marsico Focus 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 |
Marsico Focus 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 Marsico Focus mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Marsico Focus mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Marsico Focus mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Marsico Focus Lagged Returns
When evaluating Marsico Focus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Marsico Focus mutual fund have on its future price. Marsico Focus 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, Marsico Focus autocorrelation shows the relationship between Marsico Focus mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Marsico Focus 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 Marsico Mutual Fund
Marsico Focus financial ratios help investors to determine whether Marsico 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 Marsico with respect to the benefits of owning Marsico Focus security.
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