Needham Growth Fund Market Value
| NEEIX Fund | USD 64.81 2.19 3.27% |
| Symbol | Needham |
Needham 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 Needham 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 Needham Growth.
| 06/22/2024 |
| 12/19/2024 |
If you would invest 0.00 in Needham Growth on June 22, 2024 and sell it all today you would earn a total of 0.00 from holding Needham Growth or generate 0.0% return on investment in Needham Growth over 180 days. Needham Growth is related to or competes with Needham Aggressive, Needham Aggressive, Needham Growth, Needham Small, and Needham Small. The fund normally invests at least 65 percent of its total assets in the equity securities of domestic issuers listed on... More
Needham 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 Needham 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 Needham Growth upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 7.95 | |||
| Value At Risk | (2.53) | |||
| Potential Upside | 1.93 |
Needham Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Needham Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Needham Growth's standard deviation. In reality, there are many statistical measures that can use Needham Growth historical prices to predict the future Needham Growth's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.13) |
Needham Growth Backtested Returns
Needham Growth has Sharpe Ratio of -0.0771, which conveys that the entity had a -0.0771% return per unit of risk over the last 3 months. Needham Growth exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Needham Growth's Mean Deviation of 1.08, risk adjusted performance of (0.01), and Standard Deviation of 1.45 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.26, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Needham Growth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Needham Growth is expected to be smaller as well.
Auto-correlation | 0.38 |
Below average predictability
Needham Growth has below average predictability. Overlapping area represents the amount of predictability between Needham Growth time series from 22nd of June 2024 to 20th of September 2024 and 20th of September 2024 to 19th 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 Needham Growth price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Needham Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 5.31 |
Needham Growth lagged returns against current returns
Autocorrelation, which is Needham 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 Needham Growth's mutual fund expected returns. We can calculate the autocorrelation of Needham Growth returns to help us make a trade decision. For example, suppose you find that Needham 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 |
Needham 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 Needham Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Needham 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 Needham Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Needham Growth Lagged Returns
When evaluating Needham Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Needham Growth mutual fund have on its future price. Needham 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, Needham Growth autocorrelation shows the relationship between Needham Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Needham 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 Needham Mutual Fund
Needham Growth financial ratios help investors to determine whether Needham 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 Needham with respect to the benefits of owning Needham Growth security.
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