Emerald Growth Fund Market Value
| HSPCX Fund | USD 16.99 0.08 0.47% |
| Symbol | Emerald |
Emerald 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 Emerald 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 Emerald Growth.
| 02/11/2024 |
| 05/11/2024 |
If you would invest 0.00 in Emerald Growth on February 11, 2024 and sell it all today you would earn a total of 0.00 from holding Emerald Growth Fund or generate 0.0% return on investment in Emerald Growth over 90 days. Emerald Growth is related to or competes with Wells Fargo, Wells Fargo, The Hartford, and Small-midcap Dividend. Under normal conditions, the fund typically invests in equity securities of U.S More
Emerald 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 Emerald 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 Emerald Growth Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.45 | |||
| Information Ratio | 0.0351 | |||
| Maximum Drawdown | 5.65 | |||
| Value At Risk | (2.08) | |||
| Potential Upside | 2.1 |
Emerald Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Emerald Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Emerald Growth's standard deviation. In reality, there are many statistical measures that can use Emerald Growth historical prices to predict the future Emerald Growth's volatility.| Risk Adjusted Performance | 0.0652 | |||
| Jensen Alpha | 0.125 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0326 | |||
| Treynor Ratio | (2.00) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Emerald 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.
Emerald Growth Backtested Returns
We consider Emerald Growth very steady. Emerald Growth secures Sharpe Ratio (or Efficiency) of 0.0465, which denotes the fund had a 0.0465% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Emerald Growth Fund, which you can use to evaluate the volatility of the entity. Please confirm Emerald Growth's Mean Deviation of 1.08, downside deviation of 1.45, and Coefficient Of Variation of 1031.43 to check if the risk estimate we provide is consistent with the expected return of 0.062%. The fund shows a Beta (market volatility) of -0.0602, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Emerald Growth are expected to decrease at a much lower rate. During the bear market, Emerald Growth is likely to outperform the market.
Auto-correlation | -0.52 |
Good reverse predictability
Emerald Growth Fund has good reverse predictability. Overlapping area represents the amount of predictability between Emerald Growth time series from 11th of February 2024 to 27th of March 2024 and 27th of March 2024 to 11th of May 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 Emerald Growth price movement. The serial correlation of -0.52 indicates that about 52.0% of current Emerald Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Emerald Growth lagged returns against current returns
Autocorrelation, which is Emerald 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 Emerald Growth's mutual fund expected returns. We can calculate the autocorrelation of Emerald Growth returns to help us make a trade decision. For example, suppose you find that Emerald 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 |
Emerald 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 Emerald Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Emerald 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 Emerald Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Emerald Growth Lagged Returns
When evaluating Emerald Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Emerald Growth mutual fund have on its future price. Emerald 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, Emerald Growth autocorrelation shows the relationship between Emerald Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Emerald Growth Fund.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Emerald Growth Correlation, Emerald Growth Volatility and Emerald Growth Alpha and Beta module to complement your research on Emerald Growth. Note that the Emerald Growth information on this page should be used as a complementary analysis to other Emerald 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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Emerald 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.