Ancorathelen Small Mid Cap Fund Market Value
| AATSX Fund | USD 18.50 0.20 1.07% |
| Symbol | Ancora/thelen |
Ancora/thelen Small-mid '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 Ancora/thelen Small-mid'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 Ancora/thelen Small-mid.
| 03/17/2024 |
| 04/16/2024 |
If you would invest 0.00 in Ancora/thelen Small-mid on March 17, 2024 and sell it all today you would earn a total of 0.00 from holding Ancorathelen Small Mid Cap or generate 0.0% return on investment in Ancora/thelen Small-mid over 30 days. Ancora/thelen Small-mid is related to or competes with Ancora Microcap, Ancora Income, and Proxy Voting. The fund normally will invest at least 80 percent of its net assets in the equity securities of small to mid cap compani... More
Ancora/thelen Small-mid 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 Ancora/thelen Small-mid'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 Ancorathelen Small Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.03 | |||
| Information Ratio | 0.0488 | |||
| Maximum Drawdown | 4.46 | |||
| Value At Risk | (1.73) | |||
| Potential Upside | 1.67 |
Ancora/thelen Small-mid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ancora/thelen Small-mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ancora/thelen Small-mid's standard deviation. In reality, there are many statistical measures that can use Ancora/thelen Small-mid historical prices to predict the future Ancora/thelen Small-mid's volatility.| Risk Adjusted Performance | 0.0749 | |||
| Jensen Alpha | 0.0273 | |||
| Total Risk Alpha | 0.0188 | |||
| Sortino Ratio | 0.0455 | |||
| Treynor Ratio | 0.0725 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ancora/thelen Small-mid'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.
Ancora/thelen Small-mid Backtested Returns
We consider Ancora/thelen Small-mid very steady. Ancora/thelen Small-mid secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the fund had a 0.15% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Ancorathelen Small Mid Cap, which you can use to evaluate the volatility of the entity. Please confirm Ancora/thelen Small-mid's mean deviation of 0.7396, and Risk Adjusted Performance of 0.0749 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. The fund shows a Beta (market volatility) of 1.38, which signifies 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, Ancora/thelen Small-mid will likely underperform.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Ancorathelen Small Mid Cap has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Ancora/thelen Small-mid time series from 17th of March 2024 to 1st of April 2024 and 1st of April 2024 to 16th of April 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 Ancora/thelen Small-mid price movement. The serial correlation of -0.78 indicates that around 78.0% of current Ancora/thelen Small-mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Ancora/thelen Small-mid lagged returns against current returns
Autocorrelation, which is Ancora/thelen Small-mid 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 Ancora/thelen Small-mid's mutual fund expected returns. We can calculate the autocorrelation of Ancora/thelen Small-mid returns to help us make a trade decision. For example, suppose you find that Ancora/thelen Small-mid 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 |
Ancora/thelen Small-mid 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 Ancora/thelen Small-mid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ancora/thelen Small-mid mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ancora/thelen Small-mid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ancora/thelen Small-mid Lagged Returns
When evaluating Ancora/thelen Small-mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ancora/thelen Small-mid mutual fund have on its future price. Ancora/thelen Small-mid 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, Ancora/thelen Small-mid autocorrelation shows the relationship between Ancora/thelen Small-mid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ancorathelen Small Mid Cap.
Regressed Prices |
| Timeline |
Pair Trading with Ancora/thelen Small-mid
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ancora/thelen Small-mid position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ancora/thelen Small-mid will appreciate offsetting losses from the drop in the long position's value.Moving together with Ancora/thelen Mutual Fund
| 0.9 | ANCIX | Ancora Microcap | PairCorr |
| 0.91 | AAIIX | Ancora Me Fund | PairCorr |
| 1.0 | AATIX | Ancora/thelen Small-mid | PairCorr |
| 0.91 | ADEIX | Proxy Voting Where | PairCorr |
The ability to find closely correlated positions to Ancora/thelen Small-mid could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ancora/thelen Small-mid when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ancora/thelen Small-mid - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ancorathelen Small Mid Cap to buy it.
The correlation of Ancora/thelen Small-mid is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ancora/thelen Small-mid moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ancora/thelen Small-mid moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ancora/thelen Small-mid can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Ancora/thelen Small-mid Correlation, Ancora/thelen Small-mid Volatility and Ancora/thelen Small-mid Alpha and Beta module to complement your research on Ancora/thelen Small-mid. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Ancora/thelen Small-mid technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.