Broadview Opportunity Fund Market Value
| BVAOX Fund | USD 10.52 0.03 0.28% |
| Symbol | Broadview |
Broadview Opportunity '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 Broadview Opportunity'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 Broadview Opportunity.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Broadview Opportunity on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Broadview Opportunity Fund or generate 0.0% return on investment in Broadview Opportunity over 30 days. Broadview Opportunity is related to or competes with Madison Moderate, Madison Moderate, Madison Investors, Madison Aggressive, Madison Funds, Madison Diversified, and Madison Funds. The fund invests primarily in a diversified mix of common stocks of small cap U.S More
Broadview Opportunity 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 Broadview Opportunity'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 Broadview Opportunity Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.13 | |||
| Information Ratio | 0.0325 | |||
| Maximum Drawdown | 4.58 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 1.68 |
Broadview Opportunity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Broadview Opportunity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Broadview Opportunity's standard deviation. In reality, there are many statistical measures that can use Broadview Opportunity historical prices to predict the future Broadview Opportunity's volatility.| Risk Adjusted Performance | 0.0655 | |||
| Jensen Alpha | 0.0063 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0295 | |||
| Treynor Ratio | 0.0629 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Broadview Opportunity'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.
Broadview Opportunity Backtested Returns
We consider Broadview Opportunity very steady. Broadview Opportunity secures Sharpe Ratio (or Efficiency) of 0.0612, which signifies that the fund had a 0.0612% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Broadview Opportunity Fund, which you can use to evaluate the volatility of the entity. Please confirm Broadview Opportunity's Risk Adjusted Performance of 0.0655, downside deviation of 1.13, and Mean Deviation of 0.8204 to double-check if the risk estimate we provide is consistent with the expected return of 0.063%. The fund shows a Beta (market volatility) of 1.46, 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, Broadview Opportunity will likely underperform.
Auto-correlation | 0.18 |
Very weak predictability
Broadview Opportunity Fund has very weak predictability. Overlapping area represents the amount of predictability between Broadview Opportunity time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Broadview Opportunity price movement. The serial correlation of 0.18 indicates that over 18.0% of current Broadview Opportunity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Broadview Opportunity lagged returns against current returns
Autocorrelation, which is Broadview Opportunity 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 Broadview Opportunity's mutual fund expected returns. We can calculate the autocorrelation of Broadview Opportunity returns to help us make a trade decision. For example, suppose you find that Broadview Opportunity 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 |
Broadview Opportunity 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 Broadview Opportunity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Broadview Opportunity mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Broadview Opportunity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Broadview Opportunity Lagged Returns
When evaluating Broadview Opportunity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Broadview Opportunity mutual fund have on its future price. Broadview Opportunity 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, Broadview Opportunity autocorrelation shows the relationship between Broadview Opportunity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Broadview Opportunity Fund.
Regressed Prices |
| Timeline |
Pair Trading with Broadview Opportunity
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 Broadview Opportunity 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 Broadview Opportunity will appreciate offsetting losses from the drop in the long position's value.Moving together with Broadview Mutual Fund
| 0.96 | MMCRX | Madison Mid Cap | PairCorr |
| 0.96 | MMDAX | Madison Moderate All | PairCorr |
| 0.96 | MMDCX | Madison Moderate All | PairCorr |
| 0.94 | MNVAX | Madison Investors | PairCorr |
| 0.97 | MNVRX | Madison Investors | PairCorr |
The ability to find closely correlated positions to Broadview Opportunity could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Broadview Opportunity 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 Broadview Opportunity - 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 Broadview Opportunity Fund to buy it.
The correlation of Broadview Opportunity 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 Broadview Opportunity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Broadview Opportunity 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 Broadview Opportunity 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 Broadview Opportunity Correlation, Broadview Opportunity Volatility and Broadview Opportunity Alpha and Beta module to complement your research on Broadview Opportunity. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Broadview Opportunity 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.