Perritt Microcap Opportunities Fund Market Value
| PRCGX Fund | USD 25.99 0.00 0.00% |
| Symbol | Perritt |
Perritt Microcap '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 Perritt Microcap'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 Perritt Microcap.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Perritt Microcap on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Perritt Microcap Opportunities or generate 0.0% return on investment in Perritt Microcap over 360 days. Perritt Microcap is related to or competes with Ultra-small Company, Oberweis Micro-cap, Victory Rs, and Sterling Capital. The fund normally invests at least 80 percent of its net assets in the common stocks of United States companies with mar... More
Perritt Microcap 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 Perritt Microcap'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 Perritt Microcap Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.88 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 11.06 | |||
| Value At Risk | (2.05) | |||
| Potential Upside | 2.07 |
Perritt Microcap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Perritt Microcap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Perritt Microcap's standard deviation. In reality, there are many statistical measures that can use Perritt Microcap historical prices to predict the future Perritt Microcap's volatility.| Risk Adjusted Performance | 0.0215 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.108 |
Perritt Microcap Opp Backtested Returns
At this stage we consider Perritt Mutual Fund to be very steady. Perritt Microcap Opp maintains Sharpe Ratio (i.e., Efficiency) of 0.0487, which implies the entity had a 0.0487% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Perritt Microcap Opp, which you can use to evaluate the volatility of the fund. Please check Perritt Microcap's Risk Adjusted Performance of 0.0215, semi deviation of 1.73, and Coefficient Of Variation of 4668.29 to confirm if the risk estimate we provide is consistent with the expected return of 0.0749%. The fund holds a Beta of 0.22, which implies not very significant fluctuations relative to the market. As returns on the market increase, Perritt Microcap's returns are expected to increase less than the market. However, during the bear market, the loss of holding Perritt Microcap is expected to be smaller as well.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Perritt Microcap Opportunities has insignificant reverse predictability. Overlapping area represents the amount of predictability between Perritt Microcap time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Perritt Microcap Opp price movement. The serial correlation of -0.16 indicates that over 16.0% of current Perritt Microcap price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.64 |
Perritt Microcap Opp lagged returns against current returns
Autocorrelation, which is Perritt Microcap 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 Perritt Microcap's mutual fund expected returns. We can calculate the autocorrelation of Perritt Microcap returns to help us make a trade decision. For example, suppose you find that Perritt Microcap 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 |
Perritt Microcap 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 Perritt Microcap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Perritt Microcap mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Perritt Microcap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Perritt Microcap Lagged Returns
When evaluating Perritt Microcap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Perritt Microcap mutual fund have on its future price. Perritt Microcap 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, Perritt Microcap autocorrelation shows the relationship between Perritt Microcap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Perritt Microcap Opportunities.
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 Perritt Mutual Fund
Perritt Microcap financial ratios help investors to determine whether Perritt 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 Perritt with respect to the benefits of owning Perritt Microcap security.
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