Marsico Growth Fund Market Value
| MIGWX Fund | USD 28.41 0.27 0.96% |
| Symbol | Marsico |
Marsico Growth '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 Growth'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 Growth.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Marsico Growth on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Marsico Growth or generate 0.0% return on investment in Marsico Growth over 30 days. Marsico Growth is related to or competes with Ultrasmall-cap Profund, Queens Road, Hennessy Cornerstone, Mid-cap Value, Vanguard Small-cap, and Pace Small/medium. More
Marsico Growth 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 Growth'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 Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9737 | |||
| Information Ratio | 0.0637 | |||
| Maximum Drawdown | 4.86 | |||
| Value At Risk | (1.24) | |||
| Potential Upside | 1.63 |
Marsico Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Marsico Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Marsico Growth's standard deviation. In reality, there are many statistical measures that can use Marsico Growth historical prices to predict the future Marsico Growth's volatility.| Risk Adjusted Performance | 0.1639 | |||
| Jensen Alpha | 0.1729 | |||
| Total Risk Alpha | 0.0319 | |||
| Sortino Ratio | 0.0607 | |||
| Treynor Ratio | 1.73 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Marsico Growth'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.
Marsico Growth Backtested Returns
Marsico Growth appears to be very steady, given 3 months investment horizon. Marsico Growth has Sharpe Ratio of 0.21, which conveys that the entity had a 0.21% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Marsico Growth, which you can use to evaluate the volatility of the fund. Please exercise Marsico Growth's Mean Deviation of 0.6764, downside deviation of 0.9737, and Risk Adjusted Performance of 0.1639 to check out if our risk estimates are consistent with your expectations. The fund secures a Beta (Market Risk) of 0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Marsico Growth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Marsico Growth is expected to be smaller as well.
Auto-correlation | 0.73 |
Good predictability
Marsico Growth has good predictability. Overlapping area represents the amount of predictability between Marsico Growth time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Growth price movement. The serial correlation of 0.73 indicates that around 73.0% of current Marsico Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Marsico Growth lagged returns against current returns
Autocorrelation, which is Marsico Growth 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 Growth's mutual fund expected returns. We can calculate the autocorrelation of Marsico Growth returns to help us make a trade decision. For example, suppose you find that Marsico Growth 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 Growth 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 Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Marsico Growth 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 Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Marsico Growth Lagged Returns
When evaluating Marsico Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Marsico Growth mutual fund have on its future price. Marsico Growth 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 Growth autocorrelation shows the relationship between Marsico Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Marsico 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 Growth 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 Growth security.
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