Api Growth Fund Market Value
| APITX Fund | USD 11.93 0.01 0.08% |
| Symbol | Api |
Api Growth '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 Api Growth'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 Api Growth.
| 02/24/2024 |
| 04/24/2024 |
If you would invest 0.00 in Api Growth on February 24, 2024 and sell it all today you would earn a total of 0.00 from holding Api Growth Fund or generate 0.0% return on investment in Api Growth over 60 days. Api Growth is related to or competes with Hartford Core, The Hartford, The Hartford, and Hartford International. The fund invests in securities that, in the opinion of Yorktown Management Research Company, Inc More
Api Growth 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 Api Growth'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 Api Growth Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.09 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 4.74 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 1.74 |
Api Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Api Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Api Growth's standard deviation. In reality, there are many statistical measures that can use Api Growth historical prices to predict the future Api Growth's volatility.| Risk Adjusted Performance | 0.0351 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0291 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Api Growth'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.
Api Growth Fund Backtested Returns
We consider Api Growth very steady. Api Growth Fund secures Sharpe Ratio (or Efficiency) of 0.0412, which signifies that the fund had a 0.0412% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Api Growth Fund, which you can use to evaluate the volatility of the entity. Please confirm Api Growth's Downside Deviation of 1.09, risk adjusted performance of 0.0351, and Mean Deviation of 0.8747 to double-check if the risk estimate we provide is consistent with the expected return of 0.0449%. The fund shows a Beta (market volatility) of 1.49, 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, Api Growth will likely underperform.
Auto-correlation | -0.44 |
Modest reverse predictability
Api Growth Fund has modest reverse predictability. Overlapping area represents the amount of predictability between Api Growth time series from 24th of February 2024 to 25th of March 2024 and 25th of March 2024 to 24th 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 Api Growth Fund price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Api Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Api Growth Fund lagged returns against current returns
Autocorrelation, which is Api Growth 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 Api Growth's mutual fund expected returns. We can calculate the autocorrelation of Api Growth returns to help us make a trade decision. For example, suppose you find that Api Growth 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 |
Api Growth 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 Api Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Api Growth mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Api Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Api Growth Lagged Returns
When evaluating Api Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Api Growth mutual fund have on its future price. Api Growth 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, Api Growth autocorrelation shows the relationship between Api Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Api Growth Fund.
Regressed Prices |
| Timeline |
Pair Trading with Api Growth
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 Api Growth 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 Api Growth will appreciate offsetting losses from the drop in the long position's value.Moving together with Api Mutual Fund
| 1.0 | APGRX | Api Growth Fund | PairCorr |
| 0.93 | YOVIX | Yorktown Small Cap | PairCorr |
| 1.0 | AFGGX | Api Growth Fund | PairCorr |
| 0.97 | FSWFX | American Funds Smallcap | PairCorr |
The ability to find closely correlated positions to Api Growth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Api Growth 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 Api Growth - 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 Api Growth Fund to buy it.
The correlation of Api Growth 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 Api Growth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Api Growth Fund 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 Api Growth 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 Api Growth Correlation, Api Growth Volatility and Api Growth Alpha and Beta module to complement your research on Api Growth. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Api Growth 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.