Midcap Fund Class Fund Manager Performance Evaluation

PEMGX Fund  USD 40.66  0.35  0.87%   
The fund secures a Beta (Market Risk) of 1.16, 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 Fund will likely underperform.

Risk-Adjusted Performance

16 of 100

 
Low
 
High
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Midcap Fund Class are ranked lower than 16 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly fragile technical and fundamental indicators, Midcap Fund may actually be approaching a critical reversion point that can send shares even higher in April 2024.
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Should You Add These 3 Top-Performing Mutual Funds to Your Portfolio - Yahoo Finance UK
02/14/2024
Expense Ratio Date1st of March 2023
Expense Ratio0.9500
  

Midcap Fund Relative Risk vs. Return Landscape

If you would invest  3,677  in Midcap Fund Class on December 29, 2023 and sell it today you would earn a total of  389.00  from holding Midcap Fund Class or generate 10.58% return on investment over 90 days. Midcap Fund Class is currently producing 0.1679% returns and takes up 0.7736% volatility of returns over 90 trading days. Put another way, 6% of traded mutual funds are less volatile than Midcap, and 97% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Expected Return   
       Risk  
Assuming the 90 days horizon Midcap Fund is expected to generate 1.35 times more return on investment than the market. However, the company is 1.35 times more volatile than its market benchmark. It trades about 0.22 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.23 per unit of risk.

Midcap Fund Current Valuation

Undervalued
Today
40.66
Please note that Midcap Fund's price fluctuation is very steady at this time. At this time, the fund appears to be undervalued. Midcap Fund Class secures a last-minute Real Value of $44.52 per share. The latest price of the fund is $40.66. We determine the value of Midcap Fund Class from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Our valuation method for Midcap Fund Class is useful when determining the fair value of the Midcap mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of Midcap Fund. Since Midcap Fund is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Midcap Mutual Fund. However, Midcap Fund's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
Historical Market  40.66 Real  44.52 Hype  40.75 Naive  40.47
The real value of Midcap Mutual Fund, also known as its intrinsic value, is the underlying worth of Midcap Fund Class Mutual Fund, which is reflected in its stock price. It is based on Midcap Fund's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of Midcap Fund's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Midcap Fund's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
44.52
Real Value
45.29
Upside
Estimating the potential upside or downside of Midcap Fund Class helps investors to forecast how Midcap mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Midcap Fund more accurately as focusing exclusively on Midcap Fund's fundamentals will not take into account other important factors:
Bollinger
Band Projection (param)
LowerMiddle BandUpper
40.0840.4240.76
Details
Hype
Prediction
LowEstimatedHigh
39.9840.7541.52
Details
Naive
Forecast
LowNext ValueHigh
39.6940.4741.24
Details

Midcap Fund Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Midcap Fund's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Midcap Fund Class, and traders can use it to determine the average amount a Midcap Fund's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.2171

Best PortfolioBest Equity
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Estimated Market Risk

 0.77
  actual daily
6
94% of assets are more volatile

Expected Return

 0.17
  actual daily
3
97% of assets have higher returns

Risk-Adjusted Return

 0.22
  actual daily
16
84% of assets perform better
Based on monthly moving average Midcap Fund is performing at about 16% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Midcap Fund by adding it to a well-diversified portfolio.

Midcap Fund Fundamentals Growth

Midcap Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Midcap Fund, and Midcap Fund fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Midcap Mutual Fund performance.

About Midcap Fund Performance

To evaluate Midcap Fund Class Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Midcap Fund generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Midcap Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Midcap Fund Class market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Midcap's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securities of companies with medium market capitalizations at the time of purchase. For this fund, companies with medium market capitalizations are those with market capitalizations within the range of companies comprising the Russell MidCap Index. The fund also invests in foreign securities.

Things to note about Midcap Fund Class performance evaluation

Checking the ongoing alerts about Midcap Fund for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Midcap Fund Class help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
The fund maintains 100.08% of its assets in stocks
Evaluating Midcap Fund's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Midcap Fund's mutual fund performance include:
  • Analyzing Midcap Fund's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Midcap Fund's stock is overvalued or undervalued compared to its peers.
  • Examining Midcap Fund's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating Midcap Fund's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Midcap Fund's management team can help you assess the Mutual Fund's leadership.
  • Pay attention to analyst opinions and ratings of Midcap Fund's mutual fund. These opinions can provide insight into Midcap Fund's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Midcap Fund's mutual fund performance is not an exact science, and many factors can impact Midcap Fund's mutual fund market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Midcap Fund Class. 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 Midcap Fund Class information on this page should be used as a complementary analysis to other Midcap Fund'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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.

Complementary Tools for Midcap Mutual Fund analysis

When running Midcap Fund's price analysis, check to measure Midcap Fund's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Midcap Fund is operating at the current time. Most of Midcap Fund's value examination focuses on studying past and present price action to predict the probability of Midcap Fund's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Midcap Fund's price. Additionally, you may evaluate how the addition of Midcap Fund to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Midcap Fund's value and its price as these two are different measures arrived at by different means. Investors typically determine if Midcap Fund is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Midcap Fund's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.