Zevenbergen Genea Fund Market Value
| ZVGNX Fund | USD 54.40 0.82 1.53% |
| Symbol | Zevenbergen |
Zevenbergen Genea '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 Zevenbergen Genea'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 Zevenbergen Genea.
| 11/08/2024 |
| 12/08/2024 |
If you would invest 0.00 in Zevenbergen Genea on November 8, 2024 and sell it all today you would earn a total of 0.00 from holding Zevenbergen Genea Fund or generate 0.0% return on investment in Zevenbergen Genea over 30 days. Zevenbergen Genea is related to or competes with Issachar Fund, Rational Strategic, Us Vector, T Rowe, Materials Portfolio, and Semiconductor Ultrasector. The fund seeks to invest in companies benefiting from advancements in technology regardless of sector or industry More
Zevenbergen Genea 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 Zevenbergen Genea'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 Zevenbergen Genea Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.36 | |||
| Information Ratio | 0.2551 | |||
| Maximum Drawdown | 5.9 | |||
| Value At Risk | (1.79) | |||
| Potential Upside | 2.83 |
Zevenbergen Genea Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zevenbergen Genea's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zevenbergen Genea's standard deviation. In reality, there are many statistical measures that can use Zevenbergen Genea historical prices to predict the future Zevenbergen Genea's volatility.| Risk Adjusted Performance | 0.2686 | |||
| Jensen Alpha | 0.3328 | |||
| Total Risk Alpha | 0.2401 | |||
| Sortino Ratio | 0.2617 | |||
| Treynor Ratio | 0.4155 |
Zevenbergen Genea Backtested Returns
Zevenbergen Genea appears to be very steady, given 3 months investment horizon. Zevenbergen Genea shows Sharpe Ratio of 0.41, which attests that the fund had a 0.41% return per unit of risk over the last 3 months. By examining Zevenbergen Genea's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please utilize Zevenbergen Genea's Mean Deviation of 1.06, market risk adjusted performance of 0.4255, and Downside Deviation of 1.36 to validate if our risk estimates are consistent with your expectations. The entity maintains a market beta of 1.17, which attests to 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, Zevenbergen Genea will likely underperform.
Auto-correlation | 0.49 |
Average predictability
Zevenbergen Genea Fund has average predictability. Overlapping area represents the amount of predictability between Zevenbergen Genea time series from 8th of November 2024 to 23rd of November 2024 and 23rd of November 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 Zevenbergen Genea price movement. The serial correlation of 0.49 indicates that about 49.0% of current Zevenbergen Genea price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 1.12 |
Zevenbergen Genea lagged returns against current returns
Autocorrelation, which is Zevenbergen Genea 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 Zevenbergen Genea's mutual fund expected returns. We can calculate the autocorrelation of Zevenbergen Genea returns to help us make a trade decision. For example, suppose you find that Zevenbergen Genea 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 |
Zevenbergen Genea 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 Zevenbergen Genea mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zevenbergen Genea mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zevenbergen Genea mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Zevenbergen Genea Lagged Returns
When evaluating Zevenbergen Genea's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zevenbergen Genea mutual fund have on its future price. Zevenbergen Genea 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, Zevenbergen Genea autocorrelation shows the relationship between Zevenbergen Genea mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Zevenbergen Genea 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 Zevenbergen Mutual Fund
Zevenbergen Genea financial ratios help investors to determine whether Zevenbergen 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 Zevenbergen with respect to the benefits of owning Zevenbergen Genea security.
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