Marsico Midcap Growth Fund Market Value
| MIDFX Fund | USD 51.17 0.47 0.91% |
| Symbol | Marsico |
Marsico Midcap '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 Midcap'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 Marsico Midcap.
| 10/26/2024 |
| 12/25/2024 |
If you would invest 0.00 in Marsico Midcap on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Marsico Midcap Growth or generate 0.0% return on investment in Marsico Midcap over 60 days. Marsico Midcap is related to or competes with Hodges Fund, Royce Smaller, Marsico International, Marsico Focus, and Kinetics Paradigm. The fund invests primarily in common stocks that are selected for their long-term growth potential More
Marsico Midcap 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 Midcap'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 Marsico Midcap Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.41 | |||
| Information Ratio | 0.048 | |||
| Maximum Drawdown | 7.61 | |||
| Value At Risk | (1.65) | |||
| Potential Upside | 1.78 |
Marsico Midcap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Marsico Midcap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Marsico Midcap's standard deviation. In reality, there are many statistical measures that can use Marsico Midcap historical prices to predict the future Marsico Midcap's volatility.| Risk Adjusted Performance | 0.0704 | |||
| Jensen Alpha | 0.0832 | |||
| Total Risk Alpha | 0.0404 | |||
| Sortino Ratio | 0.0429 | |||
| Treynor Ratio | 0.2765 |
Marsico Midcap Growth Backtested Returns
At this stage we consider Marsico Mutual Fund to be very steady. Marsico Midcap Growth has Sharpe Ratio of 0.068, which conveys that the entity had a 0.068% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Marsico Midcap, which you can use to evaluate the volatility of the fund. Please verify Marsico Midcap's Risk Adjusted Performance of 0.0704, mean deviation of 0.9174, and Downside Deviation of 1.41 to check out if the risk estimate we provide is consistent with the expected return of 0.0874%. The fund secures a Beta (Market Risk) of 0.34, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Marsico Midcap's returns are expected to increase less than the market. However, during the bear market, the loss of holding Marsico Midcap is expected to be smaller as well.
Auto-correlation | -0.67 |
Very good reverse predictability
Marsico Midcap Growth has very good reverse predictability. Overlapping area represents the amount of predictability between Marsico Midcap time series from 26th of October 2024 to 25th of November 2024 and 25th of November 2024 to 25th 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 Midcap Growth price movement. The serial correlation of -0.67 indicates that around 67.0% of current Marsico Midcap price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 3.18 |
Marsico Midcap Growth lagged returns against current returns
Autocorrelation, which is Marsico Midcap 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 Midcap's mutual fund expected returns. We can calculate the autocorrelation of Marsico Midcap returns to help us make a trade decision. For example, suppose you find that Marsico Midcap 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 Midcap 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 Midcap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Marsico Midcap 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 Midcap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Marsico Midcap Lagged Returns
When evaluating Marsico Midcap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Marsico Midcap mutual fund have on its future price. Marsico Midcap 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 Midcap autocorrelation shows the relationship between Marsico Midcap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Marsico Midcap Growth.
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 Midcap 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 Midcap security.
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
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| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |