Congress Mid Cap Fund Market Value
| IMIDX Fund | USD 25.13 0.43 1.74% |
| Symbol | Congress |
Congress 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 Congress 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 Congress Mid.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Congress Mid on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Congress Mid Cap or generate 0.0% return on investment in Congress Mid over 30 days. Congress Mid is related to or competes with Congress Large, Congress Large, Champlain Mid, and Aqr Large. The fund invests at least 80 percent of its net assets in equity securities of mid-capitalization companies More
Congress 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 Congress 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 Congress Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9888 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 3.61 | |||
| Value At Risk | (1.70) | |||
| Potential Upside | 1.42 |
Congress Mid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Congress Mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Congress Mid's standard deviation. In reality, there are many statistical measures that can use Congress Mid historical prices to predict the future Congress Mid's volatility.| Risk Adjusted Performance | 0.0289 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0216 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Congress 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.
Congress Mid Cap Backtested Returns
We consider Congress Mid very steady. Congress Mid Cap secures Sharpe Ratio (or Efficiency) of 0.0565, which signifies that the fund had a 0.0565% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Congress Mid Cap, which you can use to evaluate the volatility of the entity. Please confirm Congress Mid's Risk Adjusted Performance of 0.0289, mean deviation of 0.7324, and Downside Deviation of 0.9888 to double-check if the risk estimate we provide is consistent with the expected return of 0.0516%. The fund shows a Beta (market volatility) of 1.27, which signifies 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, Congress Mid will likely underperform.
Auto-correlation | 0.56 |
Modest predictability
Congress Mid Cap has modest predictability. Overlapping area represents the amount of predictability between Congress Mid time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Congress Mid Cap price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Congress Mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
Congress Mid Cap lagged returns against current returns
Autocorrelation, which is Congress 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 Congress Mid's mutual fund expected returns. We can calculate the autocorrelation of Congress Mid returns to help us make a trade decision. For example, suppose you find that Congress 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 |
Congress 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 Congress Mid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Congress 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 Congress Mid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Congress Mid Lagged Returns
When evaluating Congress Mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Congress Mid mutual fund have on its future price. Congress 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, Congress Mid autocorrelation shows the relationship between Congress Mid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Congress Mid Cap.
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 Congress Mid 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, Congress Mid's short interest history, or implied volatility extrapolated from Congress Mid options trading.
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Try AI Portfolio ArchitectCheck out Congress Mid Correlation, Congress Mid Volatility and Congress Mid Alpha and Beta module to complement your research on Congress Mid. Note that the Congress Mid Cap information on this page should be used as a complementary analysis to other Congress Mid'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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Congress 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.