Perritt Microcap Opportunities Fund Quote
| PRCGX Fund | USD 23.80 0.29 1.20% |
Performance0 of 100
| Odds Of DistressLess than 23
|
Perritt Microcap is trading at 23.80 as of the 19th of April 2024; that is -1.2 percent down since the beginning of the trading day. The fund's open price was 24.09. Perritt Microcap has about a 23 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Perritt Microcap Opportunities 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 normally invests at least 80 percent of its net assets in the common stocks of United States companies with market capitalizations that are below 500 million at the time of initial purchase, which the funds investment adviser refers to as micro-cap companies. More on Perritt Microcap Opportunities
Moving together with Perritt Mutual Fund
| 0.8 | PREOX | Perritt Ultra Microcap | PairCorr |
| 0.68 | VSMAX | Vanguard Small Cap | PairCorr |
| 0.68 | VSCIX | Vanguard Small Cap | PairCorr |
| 0.68 | VSCPX | Vanguard Small Cap | PairCorr |
| 0.68 | NAESX | Vanguard Small Cap | PairCorr |
Perritt 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. Perritt Microcap's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Perritt Microcap or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Perritt Funds, Large Funds, Small Blend Funds, Small Blend, Perritt (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 28th of February 2023 |
| Fiscal Year End | October |
Perritt Microcap Opportunities [PRCGX] is traded in USA and was established 19th of April 2024. Perritt Microcap is listed under Perritt category by Fama And French industry classification. The fund is listed under Small Blend category and is part of Perritt family. This fund at this time has accumulated 57.27 M in assets with minimum initial investment of 1 K. Perritt Microcap Opp is currently producing year-to-date (YTD) return of 1.29%, while the total return for the last 3 years was 0.32%.
Check Perritt Microcap 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 Perritt 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 Perritt 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 Perritt Microcap Opportunities 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 Perritt Microcap Opportunities Mutual Fund Constituents
| NTIC | Northern Technologies | Stock | Materials |
| BELFB | Bel Fuse B | Stock | Information Technology |
| LEGH | Legacy Housing Corp | Stock | Consumer Discretionary |
| AMSWA | American Software | Stock | Information Technology |
| PRMW | Primo Water Corp | Stock | Consumer Staples |
| IESC | IES Holdings | Stock | Industrials |
| FSS | Federal Signal | Stock | Industrials |
Perritt Microcap Target Price Odds Analysis
Based on a normal probability distribution, the odds of Perritt Microcap jumping above the current price in 90 days from now is about 72.45%. The Perritt Microcap Opportunities probability density function shows the probability of Perritt Microcap mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Perritt Microcap Opportunities has a beta of -0.2144 indicating as returns on the benchmark increase, returns on holding Perritt Microcap are expected to decrease at a much lower rate. During a bear market, however, Perritt Microcap Opportunities is likely to outperform the market. Additionally, perritt Microcap Opportunities has an alpha of 0.0123, implying that it can generate a 0.0123 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Perritt Microcap to move above the current price in 90 days from now is about 72.45 (This Perritt Microcap Opportunities probability density function shows the probability of Perritt Mutual Fund to fall within a particular range of prices over 90 days) .
Perritt Microcap Opp Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Perritt Microcap market risk premium is the additional return an investor will receive from holding Perritt Microcap 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 Perritt Microcap. 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 Perritt Microcap's alpha and beta are two of the key measurements used to evaluate Perritt Microcap's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.8376 | |||
| Semi Deviation | 1.09 | |||
| Standard Deviation | 1.04 | |||
| Variance | 1.08 |
Perritt Microcap Against Markets
Picking the right benchmark for Perritt Microcap 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 Perritt Microcap 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 Perritt Microcap is critical whether you are bullish or bearish towards Perritt Microcap Opportunities at a given time. Please also check how Perritt Microcap'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 Perritt Microcap 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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How to buy Perritt Mutual Fund?
Before investing in Perritt Microcap, 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 Perritt Microcap. To buy Perritt Microcap fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Perritt Microcap. 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 Perritt Microcap fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Perritt Microcap Opportunities 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 Perritt Microcap Opportunities 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 Perritt Microcap Opportunities, 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 Perritt Microcap Opportunities?
The danger of trading Perritt Microcap Opportunities 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 Perritt Microcap 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 Perritt Microcap. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Perritt Microcap Opp 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Perritt Microcap Opportunities. 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 Perritt Microcap Opp information on this page should be used as a complementary analysis to other Perritt Microcap'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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.