Sp 500 Index Fund Market Value
| USPRX Fund | USD 77.57 0.43 0.55% |
| Symbol | USPRX |
Sp 500 '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 Sp 500'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 Sp 500.
| 06/17/2024 |
| 12/14/2024 |
If you would invest 0.00 in Sp 500 on June 17, 2024 and sell it all today you would earn a total of 0.00 from holding Sp 500 Index or generate 0.0% return on investment in Sp 500 over 180 days. Sp 500 is related to or competes with Small Cap, Extended Market, Value Fund, Income Stock, and Short Term. The funds principal investment strategy is, under normal market conditions, to invest at least 80 percent of the funds a... More
Sp 500 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 Sp 500'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 Sp 500 Index upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6621 | |||
| Information Ratio | 0.0679 | |||
| Maximum Drawdown | 3.91 | |||
| Value At Risk | (0.93) | |||
| Potential Upside | 0.9517 |
Sp 500 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sp 500's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sp 500's standard deviation. In reality, there are many statistical measures that can use Sp 500 historical prices to predict the future Sp 500's volatility.| Risk Adjusted Performance | 0.1572 | |||
| Jensen Alpha | 0.1285 | |||
| Total Risk Alpha | 0.0525 | |||
| Sortino Ratio | 0.0684 | |||
| Treynor Ratio | 1.77 |
Sp 500 Index Backtested Returns
At this stage we consider USPRX Mutual Fund to be very steady. Sp 500 Index retains Efficiency (Sharpe Ratio) of 0.19, which indicates the fund had a 0.19% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for Sp 500, which you can use to evaluate the volatility of the fund. Please validate Sp 500's Risk Adjusted Performance of 0.1572, downside deviation of 0.6621, and Mean Deviation of 0.4763 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. The entity owns a Beta (Systematic Risk) of 0.0766, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sp 500's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sp 500 is expected to be smaller as well.
Auto-correlation | 0.30 |
Below average predictability
Sp 500 Index has below average predictability. Overlapping area represents the amount of predictability between Sp 500 time series from 17th of June 2024 to 15th of September 2024 and 15th of September 2024 to 14th 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 Sp 500 Index price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Sp 500 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 3.6 |
Sp 500 Index lagged returns against current returns
Autocorrelation, which is Sp 500 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 Sp 500's mutual fund expected returns. We can calculate the autocorrelation of Sp 500 returns to help us make a trade decision. For example, suppose you find that Sp 500 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 |
Sp 500 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 Sp 500 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sp 500 mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sp 500 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Sp 500 Lagged Returns
When evaluating Sp 500's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sp 500 mutual fund have on its future price. Sp 500 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, Sp 500 autocorrelation shows the relationship between Sp 500 mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sp 500 Index.
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 USPRX Mutual Fund
Sp 500 financial ratios help investors to determine whether USPRX 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 USPRX with respect to the benefits of owning Sp 500 security.
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