Growth Fund Growth Fund Market Value

MNRGX Fund  USD 37.84  0.27  0.72%   
Growth Fund's market value is the price at which a share of Growth Fund trades on a public exchange. It measures the collective expectations of Growth Fund Growth investors about its performance. Growth Fund is trading at 37.84 as of the 28th of March 2024; that is 0.72% increase since the beginning of the trading day. The fund's open price was 37.57.
With this module, you can estimate the performance of a buy and hold strategy of Growth Fund Growth and determine expected loss or profit from investing in Growth Fund over a given investment horizon. Check out Growth Fund Correlation, Growth Fund Volatility and Growth Fund Alpha and Beta module to complement your research on Growth Fund.
Symbol

Please note, there is a significant difference between Growth Fund's value and its price as these two are different measures arrived at by different means. Investors typically determine if Growth Fund is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Growth Fund's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Growth Fund '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 Growth Fund'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 Growth Fund.
0.00
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
If you would invest  0.00  in Growth Fund on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Growth Fund Growth or generate 0.0% return on investment in Growth Fund over 30 days. Growth Fund is related to or competes with Manor Fund, Bond Fund, Davis New, Vanguard Health, Pimco Dynamic, Green Century, and Vanguard Small-cap. The fund invests primarily in the common stock U.S More

Growth Fund 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 Growth Fund'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 Growth Fund Growth upside and downside potential and time the market with a certain degree of confidence.

Growth Fund Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Growth Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Growth Fund's standard deviation. In reality, there are many statistical measures that can use Growth Fund historical prices to predict the future Growth Fund's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Growth Fund'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.
Hype
Prediction
LowEstimatedHigh
37.1137.8438.57
Details
Intrinsic
Valuation
LowRealHigh
36.7137.4438.17
Details
Naive
Forecast
LowNextHigh
37.2738.0038.73
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
37.5037.7538.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Growth Fund. Your research has to be compared to or analyzed against Growth Fund's peers to derive any actionable benefits. When done correctly, Growth Fund's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Growth Fund Growth.

Growth Fund Growth Backtested Returns

We consider Growth Fund very steady. Growth Fund Growth holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Growth Fund Growth, which you can use to evaluate the volatility of the entity. Please check out Growth Fund's Market Risk Adjusted Performance of 0.1159, downside deviation of 0.7504, and Risk Adjusted Performance of 0.0842 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. The fund retains a Market Volatility (i.e., Beta) of 0.9, which attests to possible diversification benefits within a given portfolio. Growth Fund returns are very sensitive to returns on the market. As the market goes up or down, Growth Fund is expected to follow.

Auto-correlation

    
  -0.62  

Very good reverse predictability

Growth Fund Growth has very good reverse predictability. Overlapping area represents the amount of predictability between Growth Fund time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Growth Fund Growth price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Growth Fund price fluctuation can be explain by its past prices.
Correlation Coefficient-0.62
Spearman Rank Test-0.29
Residual Average0.0
Price Variance0.08

Growth Fund Growth lagged returns against current returns

Autocorrelation, which is Growth Fund 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 Growth Fund's mutual fund expected returns. We can calculate the autocorrelation of Growth Fund returns to help us make a trade decision. For example, suppose you find that Growth Fund 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  

Growth Fund 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 Growth Fund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Growth Fund mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Growth Fund mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Growth Fund Lagged Returns

When evaluating Growth Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Growth Fund mutual fund have on its future price. Growth Fund 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, Growth Fund autocorrelation shows the relationship between Growth Fund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Growth Fund Growth.
   Regressed Prices   
       Timeline  

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Check out Growth Fund Correlation, Growth Fund Volatility and Growth Fund Alpha and Beta module to complement your research on Growth Fund.
Note that the Growth Fund Growth information on this page should be used as a complementary analysis to other Growth Fund'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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

Complementary Tools for Growth Mutual Fund analysis

When running Growth Fund's price analysis, check to measure Growth Fund's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Growth Fund is operating at the current time. Most of Growth Fund's value examination focuses on studying past and present price action to predict the probability of Growth Fund's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Growth Fund's price. Additionally, you may evaluate how the addition of Growth Fund to your portfolios can decrease your overall portfolio volatility.
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Growth Fund 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.
A focus of Growth Fund technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Growth Fund trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...