Small Pany Growth Fund Market Value
| MSSMX Fund | USD 10.93 0.14 1.26% |
| Symbol | Small |
Small Company '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 Small Company'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 Small Company.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Small Company on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Small Pany Growth or generate 0.0% return on investment in Small Company over 30 days. Small Company is related to or competes with Mid Cap, Morgan Stanley, Growth Portfolio, Amer Beacon, and Ridgeworth Innovative. The fund will, under normal circumstances, seek to achieve its investment objective by investing primarily in establishe... More
Small Company 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 Small Company'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 Small Pany Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.63 | |||
| Information Ratio | 0.2378 | |||
| Maximum Drawdown | 7.29 | |||
| Value At Risk | (2.37) | |||
| Potential Upside | 3.47 |
Small Company Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Small Company's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Small Company's standard deviation. In reality, there are many statistical measures that can use Small Company historical prices to predict the future Small Company's volatility.| Risk Adjusted Performance | 0.2347 | |||
| Jensen Alpha | 0.3735 | |||
| Total Risk Alpha | 0.2897 | |||
| Sortino Ratio | 0.266 | |||
| Treynor Ratio | 0.3403 |
Small Pany Growth Backtested Returns
Small Company appears to be not too volatile, given 3 months investment horizon. Small Pany Growth owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.35, which indicates the fund had a 0.35% return per unit of risk over the last 3 months. By inspecting Small Company's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please review Small Company's Risk Adjusted Performance of 0.2347, semi deviation of 1.12, and Coefficient Of Variation of 333.35 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 1.58, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Small Company will likely underperform.
Auto-correlation | 0.87 |
Very good predictability
Small Pany Growth has very good predictability. Overlapping area represents the amount of predictability between Small Company time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Small Pany Growth price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Small Company price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Small Pany Growth lagged returns against current returns
Autocorrelation, which is Small Company 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 Small Company's mutual fund expected returns. We can calculate the autocorrelation of Small Company returns to help us make a trade decision. For example, suppose you find that Small Company 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 |
Small Company 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 Small Company mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Small Company mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Small Company mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Small Company Lagged Returns
When evaluating Small Company's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Small Company mutual fund have on its future price. Small Company 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, Small Company autocorrelation shows the relationship between Small Company mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Small Pany 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 Small Mutual Fund
Small Company financial ratios help investors to determine whether Small 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 Small with respect to the benefits of owning Small Company security.
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