Paradigm Select Fund Market Value
| PFSLX Fund | USD 70.28 0.60 0.86% |
| Symbol | Paradigm |
Paradigm Select '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 Paradigm Select'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 Paradigm Select.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Paradigm Select on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Paradigm Select Fund or generate 0.0% return on investment in Paradigm Select over 30 days. Paradigm Select is related to or competes with Paradigm Micro-cap, Paradigm Value, Needham Small, Touchstone Mid, and Parnassus Endeavor. The fund invests primarily in the common stocks of companies with market capitalizations between 500 million and 10 bill... More
Paradigm Select 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 Paradigm Select'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 Paradigm Select Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.22 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 5.03 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 1.76 |
Paradigm Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paradigm Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paradigm Select's standard deviation. In reality, there are many statistical measures that can use Paradigm Select historical prices to predict the future Paradigm Select's volatility.| Risk Adjusted Performance | 0.0358 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0315 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Paradigm Select'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.
Paradigm Select Backtested Returns
We consider Paradigm Select very steady. Paradigm Select maintains Sharpe Ratio (i.e., Efficiency) of 0.0244, which implies the entity had a 0.0244% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Paradigm Select, which you can use to evaluate the volatility of the fund. Please check Paradigm Select's Risk Adjusted Performance of 0.0358, coefficient of variation of 1972.14, and Semi Deviation of 1.18 to confirm if the risk estimate we provide is consistent with the expected return of 0.0284%. The fund holds a Beta of 1.57, which implies 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, Paradigm Select will likely underperform.
Auto-correlation | 0.00 |
No correlation between past and present
Paradigm Select Fund has no correlation between past and present. Overlapping area represents the amount of predictability between Paradigm Select time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Paradigm Select price movement. The serial correlation of 0.0 indicates that just 0.0% of current Paradigm Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 4.28 |
Paradigm Select lagged returns against current returns
Autocorrelation, which is Paradigm Select 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 Paradigm Select's mutual fund expected returns. We can calculate the autocorrelation of Paradigm Select returns to help us make a trade decision. For example, suppose you find that Paradigm Select 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 |
Paradigm Select 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 Paradigm Select mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paradigm Select mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paradigm Select mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Paradigm Select Lagged Returns
When evaluating Paradigm Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paradigm Select mutual fund have on its future price. Paradigm Select 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, Paradigm Select autocorrelation shows the relationship between Paradigm Select mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Paradigm Select Fund.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Paradigm Select in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Paradigm Select's short interest history, or implied volatility extrapolated from Paradigm Select options trading.
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Paradigm Select using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
Check out Paradigm Select Correlation, Paradigm Select Volatility and Paradigm Select Alpha and Beta module to complement your research on Paradigm Select. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Paradigm Select 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.