Nicholas Equity Income Fund Market Value
| NSEIX Fund | USD 20.77 0.02 0.1% |
| Symbol | Nicholas |
Nicholas Equity '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 Nicholas Equity'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 Nicholas Equity.
| 01/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Nicholas Equity on January 20, 2024 and sell it all today you would earn a total of 0.00 from holding Nicholas Equity Income or generate 0.0% return on investment in Nicholas Equity over 90 days. Nicholas Equity is related to or competes with Nicholas, Nicholas, Nicholas Fund, Nicholas, and Nicholas. To achieve moderate long-term growth, the fund seeks a five-year return which approximates three-fourths of the average ... More
Nicholas Equity 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 Nicholas Equity'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 Nicholas Equity Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7105 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 2.99 | |||
| Value At Risk | (1.06) | |||
| Potential Upside | 0.9264 |
Nicholas Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nicholas Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nicholas Equity's standard deviation. In reality, there are many statistical measures that can use Nicholas Equity historical prices to predict the future Nicholas Equity's volatility.| Risk Adjusted Performance | 0.0234 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0145 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nicholas Equity'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.
Nicholas Equity Me Backtested Returns
We consider Nicholas Equity very steady. Nicholas Equity Me has Sharpe Ratio of 0.0209, which conveys that the entity had a 0.0209% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Nicholas Equity, which you can use to evaluate the volatility of the fund. Please verify Nicholas Equity's Downside Deviation of 0.7105, mean deviation of 0.4591, and Risk Adjusted Performance of 0.0234 to check out if the risk estimate we provide is consistent with the expected return of 0.0125%. The fund secures a Beta (Market Risk) of 0.9, which conveys possible diversification benefits within a given portfolio. Nicholas Equity returns are very sensitive to returns on the market. As the market goes up or down, Nicholas Equity is expected to follow.
Auto-correlation | -0.54 |
Good reverse predictability
Nicholas Equity Income has good reverse predictability. Overlapping area represents the amount of predictability between Nicholas Equity time series from 20th of January 2024 to 5th of March 2024 and 5th of March 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 Nicholas Equity Me price movement. The serial correlation of -0.54 indicates that about 54.0% of current Nicholas Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Nicholas Equity Me lagged returns against current returns
Autocorrelation, which is Nicholas Equity 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 Nicholas Equity's mutual fund expected returns. We can calculate the autocorrelation of Nicholas Equity returns to help us make a trade decision. For example, suppose you find that Nicholas Equity 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 |
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Nicholas Equity 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 Nicholas Equity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nicholas Equity mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nicholas Equity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nicholas Equity Lagged Returns
When evaluating Nicholas Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nicholas Equity mutual fund have on its future price. Nicholas Equity 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, Nicholas Equity autocorrelation shows the relationship between Nicholas Equity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nicholas Equity Income.
Regressed Prices |
| Timeline |
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Nicholas Equity 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.