Chartwell Small Cap Fund Market Value
| CWSGX Fund | USD 14.75 0.02 0.14% |
| Symbol | Chartwell |
Chartwell Small '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 Chartwell Small'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 Chartwell Small.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Chartwell Small on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Chartwell Small Cap or generate 0.0% return on investment in Chartwell Small over 30 days. Chartwell Small is related to or competes with Fidelity Advisor, HUMANA, Morningstar Unconstrained, High Yield, Thrivent High, Via Renewables, and T Rowe. The fund will invest at least 80 percent of its net assets in common stocks of small capitalization U.S More
Chartwell Small 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 Chartwell Small'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 Chartwell Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.23 | |||
| Information Ratio | 0.053 | |||
| Maximum Drawdown | 4.86 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 2.12 |
Chartwell Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chartwell Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chartwell Small's standard deviation. In reality, there are many statistical measures that can use Chartwell Small historical prices to predict the future Chartwell Small's volatility.| Risk Adjusted Performance | 0.0862 | |||
| Jensen Alpha | 0.0162 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0531 | |||
| Treynor Ratio | 0.0956 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Chartwell Small'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.
Chartwell Small Cap Backtested Returns
We consider Chartwell Small very steady. Chartwell Small Cap secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the fund had a 0.12% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Chartwell Small Cap, which you can use to evaluate the volatility of the entity. Please confirm Chartwell Small's mean deviation of 1.02, and Risk Adjusted Performance of 0.0862 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. The fund shows a Beta (market volatility) of 1.58, 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, Chartwell Small will likely underperform.
Auto-correlation | 0.47 |
Average predictability
Chartwell Small Cap has average predictability. Overlapping area represents the amount of predictability between Chartwell Small time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Chartwell Small Cap price movement. The serial correlation of 0.47 indicates that about 47.0% of current Chartwell Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Chartwell Small Cap lagged returns against current returns
Autocorrelation, which is Chartwell Small 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 Chartwell Small's mutual fund expected returns. We can calculate the autocorrelation of Chartwell Small returns to help us make a trade decision. For example, suppose you find that Chartwell Small 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 |
Chartwell Small 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 Chartwell Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chartwell Small mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chartwell Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Chartwell Small Lagged Returns
When evaluating Chartwell Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chartwell Small mutual fund have on its future price. Chartwell Small 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, Chartwell Small autocorrelation shows the relationship between Chartwell Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Chartwell Small Cap.
Regressed Prices |
| Timeline |
Pair Trading with Chartwell Small
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 Chartwell Small 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 Chartwell Small will appreciate offsetting losses from the drop in the long position's value.Moving together with Chartwell Mutual Fund
| 0.86 | CWFIX | Chartwell Short Duration | PairCorr |
| 0.88 | HIGCX | Eagle Growth Me | PairCorr |
| 0.89 | HIGJX | Eagle Growth Me | PairCorr |
| 0.89 | HIGUX | Eagle Growth Me | PairCorr |
| 0.76 | CWSIX | Chartwell Small Cap | PairCorr |
The ability to find closely correlated positions to Chartwell Small could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chartwell Small 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 Chartwell Small - 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 Chartwell Small Cap to buy it.
The correlation of Chartwell Small 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 Chartwell Small moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chartwell Small Cap 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 Chartwell Small 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 Chartwell Small Correlation, Chartwell Small Volatility and Chartwell Small Alpha and Beta module to complement your research on Chartwell Small. Note that the Chartwell Small Cap information on this page should be used as a complementary analysis to other Chartwell Small'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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Chartwell Small 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.