Spyglass Growth Fund Quote
| SPYGX Fund | USD 15.11 0.06 0.40% |
Performance4 of 100
| Odds Of DistressLess than 21
|
Spyglass Growth is trading at 15.11 as of the 19th of April 2024; that is -0.4 percent decrease since the beginning of the trading day. The fund's open price was 15.17. Spyglass Growth has about a 21 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Spyglass Growth Fund are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
The fund seeks to achieve its investment objective by investing in a non-diversified portfolio of common stocks of U.S. growth companies. It may also invest in other equity securities, including stocks offered in initial public offerings and shares of real estate investment trusts . More on Spyglass Growth Fund
Moving together with Spyglass Mutual Fund
| 0.93 | PAMCX | T Rowe Price | PairCorr |
| 0.93 | RRMGX | T Rowe Price | PairCorr |
| 0.93 | TRQZX | T Rowe Price | PairCorr |
| 0.9 | RPMGX | T Rowe Price | PairCorr |
| 0.85 | PRJIX | T Rowe Price | PairCorr |
| 0.85 | PRNHX | T Rowe Price | PairCorr |
Spyglass Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Spyglass Growth's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Spyglass Growth or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Spyglass Capital Management Funds, Large Funds, Mid-Cap Growth Funds, Mid-Cap Growth, Spyglass Capital Management (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 30th of April 2023 |
| Fiscal Year End | December |
Spyglass Growth Fund [SPYGX] is traded in USA and was established 19th of April 2024. Spyglass Growth is listed under Spyglass Capital Management category by Fama And French industry classification. The fund is listed under Mid-Cap Growth category and is part of Spyglass Capital Management family. This fund at this time has accumulated 648.7 M in assets with minimum initial investment of 100 K. Spyglass Growth is currently producing year-to-date (YTD) return of 8.87%, while the total return for the last 3 years was -7.42%.
Check Spyglass Growth Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Spyglass Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Spyglass Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Spyglass Growth Fund Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Spyglass Growth Fund Mutual Fund Constituents
| TWLO | Twilio Inc | Stock | Information Technology |
| CMG | Chipotle Mexican Grill | Stock | Consumer Discretionary |
| NTNX | Nutanix | Stock | Information Technology |
| EXAS | EXACT Sciences | Stock | Health Care |
| ASND | Ascendis Pharma AS | Stock | Health Care |
| TSLA | Tesla Inc | Stock | Consumer Discretionary |
| DXCM | DexCom Inc | Stock | Health Care |
Spyglass Growth Target Price Odds Analysis
Based on a normal probability distribution, the odds of Spyglass Growth jumping above the current price in 90 days from now is about 77.21%. The Spyglass Growth Fund probability density function shows the probability of Spyglass Growth mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the mutual fund has a beta coefficient of 1.6098. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Spyglass Growth will likely underperform. Additionally, spyglass Growth Fund has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Spyglass Growth to move above the current price in 90 days from now is about 77.21 (This Spyglass Growth Fund probability density function shows the probability of Spyglass Mutual Fund to fall within a particular range of prices over 90 days) .
Spyglass Growth Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Spyglass Growth market risk premium is the additional return an investor will receive from holding Spyglass Growth long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Spyglass Growth. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Spyglass Growth's alpha and beta are two of the key measurements used to evaluate Spyglass Growth's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.02 | |||
| Semi Deviation | 1.35 | |||
| Standard Deviation | 1.29 | |||
| Variance | 1.66 |
Spyglass Growth Against Markets
Picking the right benchmark for Spyglass Growth mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Spyglass Growth mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Spyglass Growth is critical whether you are bullish or bearish towards Spyglass Growth Fund at a given time. Please also check how Spyglass Growth's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Spyglass Growth without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Money ManagersScreen money managers from public funds and ETFs managed around the world |
| All Next | Launch Module |
How to buy Spyglass Mutual Fund?
Before investing in Spyglass Growth, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Spyglass Growth. To buy Spyglass Growth fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Spyglass Growth. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Spyglass Growth fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Spyglass Growth Fund fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Spyglass Growth Fund fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Spyglass Growth Fund, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Spyglass Growth Fund?
The danger of trading Spyglass Growth Fund is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Spyglass Growth is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Spyglass Growth. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Spyglass Growth is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spyglass Growth Fund. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Spyglass Growth information on this page should be used as a complementary analysis to other Spyglass Growth'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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..