Growth Income Fund Market Value
| USGRX Fund | USD 28.90 0.15 0.52% |
| Symbol | Growth |
Growth Income '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 Growth Income'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 Growth Income.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Growth Income on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Growth Income Fund or generate 0.0% return on investment in Growth Income over 30 days. Growth Income is related to or competes with Income Fund, Usaa Nasdaq, Victory Diversified, Intermediate Term, Usaa Intermediate, Usaa Tax, and Victory Tax. The fund invests its assets primarily in equity securities that show the best potential for total return through a combi... More
Growth Income 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 Growth Income'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 Growth Income Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5498 | |||
| Information Ratio | 0.0088 | |||
| Maximum Drawdown | 3.63 | |||
| Value At Risk | (0.75) | |||
| Potential Upside | 0.949 |
Growth Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Growth Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Growth Income's standard deviation. In reality, there are many statistical measures that can use Growth Income historical prices to predict the future Growth Income's volatility.| Risk Adjusted Performance | 0.1219 | |||
| Jensen Alpha | 0.0269 | |||
| Total Risk Alpha | 0.0186 | |||
| Sortino Ratio | 0.0099 | |||
| Treynor Ratio | 0.1254 |
Growth Income Backtested Returns
At this stage we consider Growth Mutual Fund to be very steady. Growth Income holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Growth Income, which you can use to evaluate the volatility of the entity. Please check out Growth Income's Risk Adjusted Performance of 0.1219, downside deviation of 0.5498, and Market Risk Adjusted Performance of 0.1354 to validate if the risk estimate we provide is consistent with the expected return of 0.0904%. The fund retains a Market Volatility (i.e., Beta) of 0.76, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Growth Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Growth Income is expected to be smaller as well.
Auto-correlation | -0.88 |
Excellent reverse predictability
Growth Income Fund has excellent reverse predictability. Overlapping area represents the amount of predictability between Growth Income time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 Growth Income price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current Growth Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.88 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Growth Income lagged returns against current returns
Autocorrelation, which is Growth Income 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 Growth Income's mutual fund expected returns. We can calculate the autocorrelation of Growth Income returns to help us make a trade decision. For example, suppose you find that Growth Income 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 |
Growth Income 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 Growth Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Growth Income mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Growth Income mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Growth Income Lagged Returns
When evaluating Growth Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Growth Income mutual fund have on its future price. Growth Income 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, Growth Income autocorrelation shows the relationship between Growth Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Growth Income Fund.
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 Growth Mutual Fund
Growth Income financial ratios help investors to determine whether Growth 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 Growth with respect to the benefits of owning Growth Income security.
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