Zevenbergen Genea Fund Market Value
| ZVGNX Fund | USD 36.31 0.23 0.63% |
| Symbol | Zevenbergen |
Zevenbergen Genea '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 Zevenbergen Genea'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 Zevenbergen Genea.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Zevenbergen Genea on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Zevenbergen Genea Fund or generate 0.0% return on investment in Zevenbergen Genea over 30 days. Zevenbergen Genea is related to or competes with Materials Portfolio, Asg Managed, Qs International, HP, Alcoa Corp, Chevron Corp, and ATT. The fund seeks to invest in companies benefiting from advancements in technology regardless of sector or industry More
Zevenbergen Genea 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 Zevenbergen Genea'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 Zevenbergen Genea Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.48 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 6.74 | |||
| Value At Risk | (2.48) | |||
| Potential Upside | 2.77 |
Zevenbergen Genea Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zevenbergen Genea's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zevenbergen Genea's standard deviation. In reality, there are many statistical measures that can use Zevenbergen Genea historical prices to predict the future Zevenbergen Genea's volatility.| Risk Adjusted Performance | 0.0137 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0057 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Zevenbergen Genea'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.
Zevenbergen Genea Backtested Returns
Zevenbergen Genea shows Sharpe Ratio of -0.0155, which attests that the fund had a -0.0155% return per unit of risk over the last 3 months. Zevenbergen Genea exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zevenbergen Genea's Downside Deviation of 1.48, mean deviation of 1.16, and Market Risk Adjusted Performance of 0.0157 to validate the risk estimate we provide. The entity maintains a market beta of 1.57, which attests to 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, Zevenbergen Genea will likely underperform.
Auto-correlation | 0.86 |
Very good predictability
Zevenbergen Genea Fund has very good predictability. Overlapping area represents the amount of predictability between Zevenbergen Genea time series from 20th of March 2024 to 4th of April 2024 and 4th of April 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 Zevenbergen Genea price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Zevenbergen Genea price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.83 |
Zevenbergen Genea lagged returns against current returns
Autocorrelation, which is Zevenbergen Genea 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 Zevenbergen Genea's mutual fund expected returns. We can calculate the autocorrelation of Zevenbergen Genea returns to help us make a trade decision. For example, suppose you find that Zevenbergen Genea 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 |
Zevenbergen Genea 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 Zevenbergen Genea mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zevenbergen Genea mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zevenbergen Genea mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Zevenbergen Genea Lagged Returns
When evaluating Zevenbergen Genea's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zevenbergen Genea mutual fund have on its future price. Zevenbergen Genea 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, Zevenbergen Genea autocorrelation shows the relationship between Zevenbergen Genea mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Zevenbergen Genea 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 Zevenbergen Genea 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, Zevenbergen Genea's short interest history, or implied volatility extrapolated from Zevenbergen Genea options trading.
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Zevenbergen Genea 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.