Auer Growth Fund Market Value
| AUERX Fund | USD 15.32 0.06 0.39% |
| Symbol | Auer |
Auer 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 Auer 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 Auer Growth.
| 02/24/2024 |
| 04/24/2024 |
If you would invest 0.00 in Auer Growth on February 24, 2024 and sell it all today you would earn a total of 0.00 from holding Auer Growth Fund or generate 0.0% return on investment in Auer Growth over 60 days. Auer Growth is related to or competes with Vanguard Small, Vanguard Small-cap, and Us Small. The fund invests primarily in a diversified portfolio of common stocks traded on major U.S More
Auer 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 Auer 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 Auer Growth Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.26 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 4.96 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 1.34 |
Auer Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Auer Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Auer Growth's standard deviation. In reality, there are many statistical measures that can use Auer Growth historical prices to predict the future Auer Growth's volatility.| Risk Adjusted Performance | 0.0529 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.056 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Auer 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.
Auer Growth Fund Backtested Returns
We consider Auer Growth very steady. Auer Growth Fund secures Sharpe Ratio (or Efficiency) of 0.0512, which signifies that the fund had a 0.0512% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Auer Growth Fund, which you can use to evaluate the volatility of the entity. Please confirm Auer Growth's mean deviation of 0.697, and Risk Adjusted Performance of 0.0529 to double-check if the risk estimate we provide is consistent with the expected return of 0.0497%. The fund shows a Beta (market volatility) of 1.18, 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, Auer Growth will likely underperform.
Auto-correlation | -0.1 |
Very weak reverse predictability
Auer Growth Fund has very weak reverse predictability. Overlapping area represents the amount of predictability between Auer 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 Auer Growth Fund price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Auer Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Auer Growth Fund lagged returns against current returns
Autocorrelation, which is Auer 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 Auer Growth's mutual fund expected returns. We can calculate the autocorrelation of Auer Growth returns to help us make a trade decision. For example, suppose you find that Auer 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 |
Auer 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 Auer Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Auer 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 Auer Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Auer Growth Lagged Returns
When evaluating Auer Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Auer Growth mutual fund have on its future price. Auer 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, Auer Growth autocorrelation shows the relationship between Auer Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Auer Growth Fund.
Regressed Prices |
| Timeline |
Pair Trading with Auer 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 Auer 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 Auer Growth will appreciate offsetting losses from the drop in the long position's value.Moving together with Auer Mutual Fund
| 0.82 | VSIIX | Vanguard Small Cap | PairCorr |
| 0.82 | VISVX | Vanguard Small Cap | PairCorr |
| 0.82 | DFSVX | Us Small Cap | PairCorr |
The ability to find closely correlated positions to Auer 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 Auer 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 Auer 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 Auer Growth Fund to buy it.
The correlation of Auer 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 Auer Growth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Auer 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 Auer 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 Auer Growth Correlation, Auer Growth Volatility and Auer Growth Alpha and Beta module to complement your research on Auer Growth. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Auer 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.