Largecap Growth Fund Market Value
| PPUPX Fund | USD 17.06 0.08 0.47% |
| Symbol | Largecap |
Largecap Growth '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 Largecap Growth'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 Largecap Growth.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Largecap Growth on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Largecap Growth Fund or generate 0.0% return on investment in Largecap Growth over 30 days. Largecap Growth is related to or competes with Strategic Asset, Strategic Asset, Strategic Asset, Strategic Asset, Strategic Asset, International Equity, and Strategic Asset. The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity ... More
Largecap Growth 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 Largecap Growth'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 Largecap Growth Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8949 | |||
| Information Ratio | 0.0131 | |||
| Maximum Drawdown | 4.47 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 1.58 |
Largecap Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Largecap Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Largecap Growth's standard deviation. In reality, there are many statistical measures that can use Largecap Growth historical prices to predict the future Largecap Growth's volatility.| Risk Adjusted Performance | 0.057 | |||
| Jensen Alpha | 0.0046 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0136 | |||
| Treynor Ratio | 0.0627 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Largecap Growth'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.
Largecap Growth Backtested Returns
We consider Largecap Growth very steady. Largecap Growth has Sharpe Ratio of 0.0533, which conveys that the entity had a 0.0533% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Largecap Growth, which you can use to evaluate the volatility of the fund. Please verify Largecap Growth's Downside Deviation of 0.8949, risk adjusted performance of 0.057, and Mean Deviation of 0.7128 to check out if the risk estimate we provide is consistent with the expected return of 0.0496%. The fund secures a Beta (Market Risk) of 1.13, which conveys a somewhat significant risk relative to the market. Largecap Growth returns are very sensitive to returns on the market. As the market goes up or down, Largecap Growth is expected to follow.
Auto-correlation | 0.78 |
Good predictability
Largecap Growth Fund has good predictability. Overlapping area represents the amount of predictability between Largecap Growth 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 Largecap Growth price movement. The serial correlation of 0.78 indicates that around 78.0% of current Largecap Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Largecap Growth lagged returns against current returns
Autocorrelation, which is Largecap Growth 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 Largecap Growth's mutual fund expected returns. We can calculate the autocorrelation of Largecap Growth returns to help us make a trade decision. For example, suppose you find that Largecap Growth 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 |
Largecap Growth 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 Largecap Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Largecap Growth mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Largecap Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Largecap Growth Lagged Returns
When evaluating Largecap Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Largecap Growth mutual fund have on its future price. Largecap Growth 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, Largecap Growth autocorrelation shows the relationship between Largecap Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Largecap Growth 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 Largecap Growth 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, Largecap Growth's short interest history, or implied volatility extrapolated from Largecap Growth options trading.
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Check out Largecap Growth Correlation, Largecap Growth Volatility and Largecap Growth Alpha and Beta module to complement your research on Largecap Growth. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Largecap Growth 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.