Small Midcap Dividend Income Fund Market Value
| PMDDX Fund | USD 17.18 0.40 2.28% |
| Symbol | Small-midcap |
Small-midcap Dividend '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-midcap Dividend'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-midcap Dividend.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Small-midcap Dividend on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Small Midcap Dividend Income or generate 0.0% return on investment in Small-midcap Dividend over 90 days. Small-midcap Dividend is related to or competes with Wilmington Diversified, Guidepath(r) Conservative, Global Diversified, Federated Hermes, Saat Conservative, and John Hancock. The fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in dividend-paying ... More
Small-midcap Dividend 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-midcap Dividend'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 Midcap Dividend Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 4.0 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 1.21 |
Small-midcap Dividend Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Small-midcap Dividend's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Small-midcap Dividend's standard deviation. In reality, there are many statistical measures that can use Small-midcap Dividend historical prices to predict the future Small-midcap Dividend's volatility.| Risk Adjusted Performance | (0.19) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | 2.1 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Small-midcap Dividend'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.
Small Midcap Dividend Backtested Returns
Small Midcap Dividend owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.15, which indicates the fund had a -0.15 % return per unit of risk over the last 3 months. Small Midcap Dividend Income exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Small-midcap Dividend's Variance of 1.14, risk adjusted performance of (0.19), and Coefficient Of Variation of (443.62) to confirm the risk estimate we provide. The entity has a beta of -0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Small-midcap Dividend are expected to decrease at a much lower rate. During the bear market, Small-midcap Dividend is likely to outperform the market.
Auto-correlation | -0.59 |
Good reverse predictability
Small Midcap Dividend Income has good reverse predictability. Overlapping area represents the amount of predictability between Small-midcap Dividend time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Small Midcap Dividend price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Small-midcap Dividend price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Small Midcap Dividend lagged returns against current returns
Autocorrelation, which is Small-midcap Dividend 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-midcap Dividend's mutual fund expected returns. We can calculate the autocorrelation of Small-midcap Dividend returns to help us make a trade decision. For example, suppose you find that Small-midcap Dividend 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-midcap Dividend 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-midcap Dividend mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Small-midcap Dividend 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-midcap Dividend mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Small-midcap Dividend Lagged Returns
When evaluating Small-midcap Dividend's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Small-midcap Dividend mutual fund have on its future price. Small-midcap Dividend 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-midcap Dividend autocorrelation shows the relationship between Small-midcap Dividend mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Small Midcap Dividend Income.
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-midcap Mutual Fund
Small-midcap Dividend financial ratios help investors to determine whether Small-midcap 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-midcap with respect to the benefits of owning Small-midcap Dividend security.
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