Reinhart Mid Cap Fund Market Value
| RPMNX Fund | USD 17.52 0.02 0.11% |
| Symbol | Reinhart |
Reinhart Mid '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 Reinhart Mid'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 Reinhart Mid.
| 02/14/2024 |
| 05/14/2024 |
If you would invest 0.00 in Reinhart Mid on February 14, 2024 and sell it all today you would earn a total of 0.00 from holding Reinhart Mid Cap or generate 0.0% return on investment in Reinhart Mid over 90 days. Reinhart Mid is related to or competes with Fidelity Low-priced, John Hancock, Vanguard Mid, Jpmorgan Mid, and Jpmorgan Mid. The fund invests at least 80 percent of its net assets in common stocks issued by mid-capitalization companies More
Reinhart Mid 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 Reinhart Mid'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 Reinhart Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8498 | |||
| Information Ratio | 0.0104 | |||
| Maximum Drawdown | 4.69 | |||
| Value At Risk | (1.33) | |||
| Potential Upside | 1.26 |
Reinhart Mid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Reinhart Mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Reinhart Mid's standard deviation. In reality, there are many statistical measures that can use Reinhart Mid historical prices to predict the future Reinhart Mid's volatility.| Risk Adjusted Performance | 0.0653 | |||
| Jensen Alpha | 0.0661 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0104 | |||
| Treynor Ratio | 0.5059 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Reinhart Mid'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.
Reinhart Mid Cap Backtested Returns
We consider Reinhart Mid very steady. Reinhart Mid Cap maintains Sharpe Ratio (i.e., Efficiency) of 0.0869, which implies the entity had a 0.0869% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Reinhart Mid Cap, which you can use to evaluate the volatility of the fund. Please check Reinhart Mid's Risk Adjusted Performance of 0.0653, semi deviation of 0.7659, and Coefficient Of Variation of 987.42 to confirm if the risk estimate we provide is consistent with the expected return of 0.0678%. The fund holds a Beta of 0.15, which implies not very significant fluctuations relative to the market. As returns on the market increase, Reinhart Mid's returns are expected to increase less than the market. However, during the bear market, the loss of holding Reinhart Mid is expected to be smaller as well.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Reinhart Mid Cap has insignificant reverse predictability. Overlapping area represents the amount of predictability between Reinhart Mid time series from 14th of February 2024 to 30th of March 2024 and 30th of March 2024 to 14th of May 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 Reinhart Mid Cap price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Reinhart Mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Reinhart Mid Cap lagged returns against current returns
Autocorrelation, which is Reinhart Mid 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 Reinhart Mid's mutual fund expected returns. We can calculate the autocorrelation of Reinhart Mid returns to help us make a trade decision. For example, suppose you find that Reinhart Mid 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 |
Reinhart Mid 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 Reinhart Mid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Reinhart Mid mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Reinhart Mid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Reinhart Mid Lagged Returns
When evaluating Reinhart Mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Reinhart Mid mutual fund have on its future price. Reinhart Mid 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, Reinhart Mid autocorrelation shows the relationship between Reinhart Mid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Reinhart Mid Cap.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Reinhart Mid Correlation, Reinhart Mid Volatility and Reinhart Mid Alpha and Beta module to complement your research on Reinhart Mid. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Reinhart Mid 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.