Science Technology Fund Market Value
| VCSTX Fund | USD 34.12 0.28 0.83% |
| Symbol | Science |
Science Technology '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 Science Technology'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 Science Technology.
| 06/17/2023 |
| 12/08/2024 |
If you would invest 0.00 in Science Technology on June 17, 2023 and sell it all today you would earn a total of 0.00 from holding Science Technology Fund or generate 0.0% return on investment in Science Technology over 540 days. Science Technology is related to or competes with Maryland Tax-free, Ultra-short Fixed, Artisan High, Rational/pier, Multisector Bond, and Calamos Dynamic. The fund normally invests at least 80 percent of net assets in the common stocks of companies that are expected to benef... More
Science Technology 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 Science Technology'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 Science Technology Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.36 | |||
| Information Ratio | 0.11 | |||
| Maximum Drawdown | 6.42 | |||
| Value At Risk | (2.10) | |||
| Potential Upside | 2.44 |
Science Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Science Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Science Technology's standard deviation. In reality, there are many statistical measures that can use Science Technology historical prices to predict the future Science Technology's volatility.| Risk Adjusted Performance | 0.1709 | |||
| Jensen Alpha | 0.1402 | |||
| Total Risk Alpha | 0.0496 | |||
| Sortino Ratio | 0.0989 | |||
| Treynor Ratio | 0.2776 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Science Technology'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.
Science Technology Backtested Returns
Science Technology appears to be very steady, given 3 months investment horizon. Science Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.26, which indicates the fund had a 0.26% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Science Technology Fund, which you can use to evaluate the volatility of the fund. Please review Science Technology's Semi Deviation of 1.08, risk adjusted performance of 0.1709, and Coefficient Of Variation of 443.74 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.96, which indicates possible diversification benefits within a given portfolio. Science Technology returns are very sensitive to returns on the market. As the market goes up or down, Science Technology is expected to follow.
Auto-correlation | 0.63 |
Good predictability
Science Technology Fund has good predictability. Overlapping area represents the amount of predictability between Science Technology time series from 17th of June 2023 to 13th of March 2024 and 13th of March 2024 to 8th 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 Science Technology price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Science Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 2.98 |
Science Technology lagged returns against current returns
Autocorrelation, which is Science Technology 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 Science Technology's mutual fund expected returns. We can calculate the autocorrelation of Science Technology returns to help us make a trade decision. For example, suppose you find that Science Technology 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 |
Science Technology 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 Science Technology mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Science Technology mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Science Technology mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Science Technology Lagged Returns
When evaluating Science Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Science Technology mutual fund have on its future price. Science Technology 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, Science Technology autocorrelation shows the relationship between Science Technology mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Science Technology 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 Science Mutual Fund
Science Technology financial ratios help investors to determine whether Science 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 Science with respect to the benefits of owning Science Technology security.
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