Smallcap Sp 600 Fund Manager Performance Evaluation
| PSAPX Fund | USD 29.35 0.00 0.00% |
The entity has a beta of -0.057, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Smallcap are expected to decrease at a much lower rate. During the bear market, Smallcap is likely to outperform the market.
Risk-Adjusted Performance
9 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in Smallcap Sp 600 are ranked lower than 9 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Smallcap may actually be approaching a critical reversion point that can send shares even higher in January 2025.
...more| Expense Ratio | 1.0400 |
Smallcap |
Smallcap Relative Risk vs. Return Landscape
If you would invest 2,750 in Smallcap Sp 600 on September 30, 2024 and sell it today you would earn a total of 185.00 from holding Smallcap Sp 600 or generate 6.73% return on investment over 90 days. Smallcap Sp 600 is currently producing 0.164% returns and takes up 1.3604% volatility of returns over 90 trading days. Put another way, 12% of traded mutual funds are less volatile than Smallcap, and 97% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Smallcap Current Valuation
Overvalued
Today
Please note that Smallcap's price fluctuation is very steady at this time. At this time, the fund appears to be overvalued. Smallcap Sp 600 has a current Real Value of $26.65 per share. The regular price of the fund is $29.35. We determine the value of Smallcap Sp 600 from inspecting fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will draw towards each other.
Since Smallcap is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Smallcap Mutual Fund. However, Smallcap's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 29.35 | Real 26.65 | Hype 29.35 |
The intrinsic value of Smallcap's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Smallcap's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Smallcap Sp 600 helps investors to forecast how Smallcap mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Smallcap more accurately as focusing exclusively on Smallcap's fundamentals will not take into account other important factors: Smallcap Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Smallcap's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Smallcap Sp 600, and traders can use it to determine the average amount a Smallcap's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1206
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | PSAPX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.36 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.16 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Smallcap is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Smallcap by adding it to a well-diversified portfolio.
Smallcap Fundamentals Growth
Smallcap Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Smallcap, and Smallcap fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Smallcap Mutual Fund performance.
| Price To Earning | 20.62 X | ||||
| Price To Book | 1.98 X | ||||
| Price To Sales | 1.02 X | ||||
| Total Asset | 1.46 B | ||||
About Smallcap Performance
Evaluating Smallcap's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Smallcap has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Smallcap has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securities of companies that compose the Standard Poors SmallCap 600 Index at the time of purchase. The index is designed to represent U.S. equities with riskreturn characteristics of the small cap universe. The fund uses derivative strategies and invests in exchange-traded funds .Things to note about Smallcap Sp 600 performance evaluation
Checking the ongoing alerts about Smallcap for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Smallcap Sp 600 help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Smallcap Sp 600 is not yet fully synchronised with the market data | |
| The fund maintains 98.33% of its assets in stocks |
- Analyzing Smallcap's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Smallcap's stock is overvalued or undervalued compared to its peers.
- Examining Smallcap's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Smallcap's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Smallcap's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Smallcap's mutual fund. These opinions can provide insight into Smallcap's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Smallcap Mutual Fund
Smallcap financial ratios help investors to determine whether Smallcap 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 Smallcap with respect to the benefits of owning Smallcap security.
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