Midcap Sp 400 Fund Market Value
| PMFPX Fund | USD 24.11 0.31 1.30% |
| Symbol | Midcap |
Midcap Sp '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 Midcap Sp'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 Midcap Sp.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Midcap Sp on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Midcap Sp 400 or generate 0.0% return on investment in Midcap Sp over 30 days. Midcap Sp is related to or competes with Government Street, Federated Mdt, Janus Enterprise, Victory Integrity, and Virtus Kar. Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment p... More
Midcap Sp 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 Midcap Sp'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 Midcap Sp 400 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.05 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 3.79 | |||
| Value At Risk | (1.59) | |||
| Potential Upside | 1.48 |
Midcap Sp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Midcap Sp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Midcap Sp's standard deviation. In reality, there are many statistical measures that can use Midcap Sp historical prices to predict the future Midcap Sp's volatility.| Risk Adjusted Performance | 0.0664 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0607 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Midcap Sp'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.
Midcap Sp 400 Backtested Returns
We consider Midcap Sp very steady. Midcap Sp 400 has Sharpe Ratio of 0.0925, which conveys that the entity had a 0.0925% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Midcap Sp, which you can use to evaluate the volatility of the fund. Please verify Midcap Sp's Mean Deviation of 0.7352, downside deviation of 1.05, and Risk Adjusted Performance of 0.0664 to check out if the risk estimate we provide is consistent with the expected return of 0.0867%. The fund secures a Beta (Market Risk) of 1.38, which conveys 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, Midcap Sp will likely underperform.
Auto-correlation | 0.29 |
Poor predictability
Midcap Sp 400 has poor predictability. Overlapping area represents the amount of predictability between Midcap Sp 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 Midcap Sp 400 price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Midcap Sp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Midcap Sp 400 lagged returns against current returns
Autocorrelation, which is Midcap Sp 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 Midcap Sp's mutual fund expected returns. We can calculate the autocorrelation of Midcap Sp returns to help us make a trade decision. For example, suppose you find that Midcap Sp 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 |
Midcap Sp 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 Midcap Sp mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Midcap Sp mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Midcap Sp mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Midcap Sp Lagged Returns
When evaluating Midcap Sp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Midcap Sp mutual fund have on its future price. Midcap Sp 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, Midcap Sp autocorrelation shows the relationship between Midcap Sp mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Midcap Sp 400.
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 Midcap Sp 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, Midcap Sp's short interest history, or implied volatility extrapolated from Midcap Sp options trading.
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Check out Midcap Sp Correlation, Midcap Sp Volatility and Midcap Sp Alpha and Beta module to complement your research on Midcap Sp. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Midcap Sp 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.