Midas Special Fund Market Value
| MISEX Fund | USD 34.52 0.47 1.34% |
| Symbol | Midas |
Midas Special '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 Midas Special'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 Midas Special.
| 02/03/2025 |
| 03/05/2025 |
If you would invest 0.00 in Midas Special on February 3, 2025 and sell it all today you would earn a total of 0.00 from holding Midas Special Fund or generate 0.0% return on investment in Midas Special over 30 days. Midas Special is related to or competes with Gmo Asset, Franklin Moderate, Principal Lifetime, Upright Assets, Alternative Asset, and Balanced Allocation. In pursuit of its investment objective, the fund may invest in any security type and in any industry sector, in domestic... More
Midas Special 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 Midas Special'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 Midas Special Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0592 | |||
| Maximum Drawdown | 5.26 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 1.69 |
Midas Special Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Midas Special's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Midas Special's standard deviation. In reality, there are many statistical measures that can use Midas Special historical prices to predict the future Midas Special's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | 0.0111 | |||
| Total Risk Alpha | 0.1096 | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Midas Special'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.
Midas Special Backtested Returns
Midas Special has Sharpe Ratio of close to zero, which conveys that the entity had a close to zero % return per unit of risk over the last 3 months. Midas Special exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Midas Special's Mean Deviation of 0.8298, standard deviation of 1.14, and insignificant Risk Adjusted Performance to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.36, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Midas Special's returns are expected to increase less than the market. However, during the bear market, the loss of holding Midas Special is expected to be smaller as well.
Auto-correlation | 0.78 |
Good predictability
Midas Special Fund has good predictability. Overlapping area represents the amount of predictability between Midas Special time series from 3rd of February 2025 to 18th of February 2025 and 18th of February 2025 to 5th 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 Midas Special price movement. The serial correlation of 0.78 indicates that around 78.0% of current Midas Special price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.47 |
Midas Special lagged returns against current returns
Autocorrelation, which is Midas Special 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 Midas Special's mutual fund expected returns. We can calculate the autocorrelation of Midas Special returns to help us make a trade decision. For example, suppose you find that Midas Special 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 |
Midas Special 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 Midas Special mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Midas Special mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Midas Special mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Midas Special Lagged Returns
When evaluating Midas Special's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Midas Special mutual fund have on its future price. Midas Special 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, Midas Special autocorrelation shows the relationship between Midas Special mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Midas Special 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 Midas Mutual Fund
Midas Special financial ratios help investors to determine whether Midas 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 Midas with respect to the benefits of owning Midas Special security.
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