Equity Growth Fund Market Value
| BEQGX Fund | USD 28.50 0.28 0.97% |
| Symbol | Equity |
Equity 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 Equity 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 Equity Growth.
| 07/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in Equity Growth on July 28, 2023 and sell it all today you would earn a total of 0.00 from holding Equity Growth Fund or generate 0.0% return on investment in Equity Growth over 270 days. Equity Growth is related to or competes with Income Growth, Diversified Bond, Short Term, Value Fund, Ultra Fund, Select Fund, and Select Fund. The fund invests at least 80 percent of its net assets in equity securities More
Equity 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 Equity 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 Equity Growth Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.751 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 3.82 | |||
| Value At Risk | (1.25) | |||
| Potential Upside | 1.23 |
Equity Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Equity Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Equity Growth's standard deviation. In reality, there are many statistical measures that can use Equity Growth historical prices to predict the future Equity Growth's volatility.| Risk Adjusted Performance | 0.0686 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0731 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Equity 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.
Equity Growth Backtested Returns
We consider Equity Growth very steady. Equity Growth secures Sharpe Ratio (or Efficiency) of 0.0584, which denotes the fund had a 0.0584% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Equity Growth Fund, which you can use to evaluate the volatility of the entity. Please confirm Equity Growth's Coefficient Of Variation of 919.82, downside deviation of 0.751, and Mean Deviation of 0.5927 to check if the risk estimate we provide is consistent with the expected return of 0.0454%. The fund shows a Beta (market volatility) of 1.02, which means a somewhat significant risk relative to the market. Equity Growth returns are very sensitive to returns on the market. As the market goes up or down, Equity Growth is expected to follow.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Equity Growth Fund has insignificant reverse predictability. Overlapping area represents the amount of predictability between Equity Growth time series from 28th of July 2023 to 10th of December 2023 and 10th of December 2023 to 23rd 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 Equity Growth price movement. The serial correlation of -0.19 indicates that over 19.0% of current Equity Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 1.4 |
Equity Growth lagged returns against current returns
Autocorrelation, which is Equity 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 Equity Growth's mutual fund expected returns. We can calculate the autocorrelation of Equity Growth returns to help us make a trade decision. For example, suppose you find that Equity 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 |
Equity 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 Equity Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Equity 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 Equity Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Equity Growth Lagged Returns
When evaluating Equity Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Equity Growth mutual fund have on its future price. Equity 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, Equity Growth autocorrelation shows the relationship between Equity Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Equity Growth Fund.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Equity Growth in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Equity Growth's short interest history, or implied volatility extrapolated from Equity Growth options trading.
Pair Trading with Equity 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 Equity 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 Equity Growth will appreciate offsetting losses from the drop in the long position's value.Moving together with Equity Mutual Fund
| 0.9 | TWADX | Value Fund A | PairCorr |
| 0.98 | TWCCX | Ultra Fund C | PairCorr |
| 0.97 | TWCAX | Select Fund A | PairCorr |
| 0.97 | TWCIX | Select Fund Investor | PairCorr |
The ability to find closely correlated positions to Equity 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 Equity 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 Equity 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 Equity Growth Fund to buy it.
The correlation of Equity 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 Equity Growth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Equity Growth 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 Equity 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 Equity Growth Correlation, Equity Growth Volatility and Equity Growth Alpha and Beta module to complement your research on Equity Growth. Note that the Equity Growth information on this page should be used as a complementary analysis to other Equity Growth's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Equity 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.