Smallcap Growth Fund Market Value

PPNMX Fund  USD 12.74  0.10  0.79%   
Smallcap Growth's market value is the price at which a share of Smallcap Growth trades on a public exchange. It measures the collective expectations of Smallcap Growth Fund investors about its performance. Smallcap Growth is trading at 12.74 as of the 4th of December 2024; that is 0.79% up since the beginning of the trading day. The fund's open price was 12.64.
With this module, you can estimate the performance of a buy and hold strategy of Smallcap Growth Fund and determine expected loss or profit from investing in Smallcap Growth over a given investment horizon. Check out Smallcap Growth Correlation, Smallcap Growth Volatility and Smallcap Growth Alpha and Beta module to complement your research on Smallcap Growth.
Symbol

Please note, there is a significant difference between Smallcap Growth's value and its price as these two are different measures arrived at by different means. Investors typically determine if Smallcap Growth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Smallcap Growth's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Smallcap 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 Smallcap 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 Smallcap Growth.
0.00
09/05/2024
No Change 0.00  0.0 
In 3 months and 1 day
12/04/2024
0.00
If you would invest  0.00  in Smallcap Growth on September 5, 2024 and sell it all today you would earn a total of 0.00 from holding Smallcap Growth Fund or generate 0.0% return on investment in Smallcap Growth over 90 days. Smallcap Growth is related to or competes with Strategic Asset, Strategic Asset, Strategic Asset, Strategic Asset, International Equity, Strategic Asset, and International Small. Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment p... More

Smallcap 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 Smallcap 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 Smallcap Growth Fund upside and downside potential and time the market with a certain degree of confidence.

Smallcap Growth Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Smallcap Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Smallcap Growth's standard deviation. In reality, there are many statistical measures that can use Smallcap Growth historical prices to predict the future Smallcap Growth's volatility.
Hype
Prediction
LowEstimatedHigh
11.6112.7413.87
Details
Intrinsic
Valuation
LowRealHigh
11.3812.5113.64
Details
Naive
Forecast
LowNextHigh
11.7012.8413.97
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
12.1612.4612.76
Details

Smallcap Growth Backtested Returns

Smallcap Growth appears to be very steady, given 3 months investment horizon. Smallcap Growth owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the fund had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Smallcap Growth Fund, which you can use to evaluate the volatility of the fund. Please review Smallcap Growth's Semi Deviation of 1.04, coefficient of variation of 808.25, and Risk Adjusted Performance of 0.0981 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 1.4, 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, Smallcap Growth will likely underperform.

Auto-correlation

    
  0.73  

Good predictability

Smallcap Growth Fund has good predictability. Overlapping area represents the amount of predictability between Smallcap Growth time series from 5th of September 2024 to 20th of October 2024 and 20th of October 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 Smallcap Growth price movement. The serial correlation of 0.73 indicates that around 73.0% of current Smallcap Growth price fluctuation can be explain by its past prices.
Correlation Coefficient0.73
Spearman Rank Test0.66
Residual Average0.0
Price Variance0.16

Smallcap Growth lagged returns against current returns

Autocorrelation, which is Smallcap 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 Smallcap Growth's mutual fund expected returns. We can calculate the autocorrelation of Smallcap Growth returns to help us make a trade decision. For example, suppose you find that Smallcap 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  

Smallcap 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 Smallcap Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Smallcap 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 Smallcap Growth mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Smallcap Growth Lagged Returns

When evaluating Smallcap Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Smallcap Growth mutual fund have on its future price. Smallcap 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, Smallcap Growth autocorrelation shows the relationship between Smallcap Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Smallcap Growth Fund.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Smallcap Mutual Fund

Smallcap Growth financial ratios help investors to determine whether Smallcap 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 Smallcap with respect to the benefits of owning Smallcap Growth security.
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