CONGRESS Mutual Fund Market Value

IMIDX Fund

USD 23.57 0.30 1.29%

CONGRESS MID's market value is the price at which a share of CONGRESS MID stock trades on a public exchange. It measures the collective expectations of CONGRESS MID CAP investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of CONGRESS MID CAP and determine expected loss or profit from investing in CONGRESS MID over a given investment horizon. Check out CONGRESS MID Correlation, CONGRESS MID Volatility and CONGRESS MID Alpha and Beta module to complement your research on CONGRESS MID.

Symbol

Please note, there is a significant difference between CONGRESS MID's value and its price as these two are different measures arrived at by different means. Investors typically determine CONGRESS MID value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CONGRESS MID'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.

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.

0.00

04/02/2021

No Change 0.00

0.0

In 1 year 11 months and 22 days

03/23/2023

0.00

If you would invest 0.00 in CONGRESS MID on April 2, 2021 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 720 days. CONGRESS MID is related to or competes with VANGUARD EXTENDED, VANGUARD EXTENDED, VANGUARD EXTENDED, VANGUARD EXTENDED, FIDELITY EXTENDED, and T ROWE. 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	1.28
	Information Ratio	0.0431
	Maximum Drawdown	4.76
	Value At Risk	(1.94)
	Potential Upside	2.16

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	0.0139
	Jensen Alpha	(0.004204)
	Total Risk Alpha	0.0722
	Sortino Ratio	0.0432
	Treynor Ratio	(0.027686)

Sophisticated investors, who have witnessed many market ups and downs, frequently view 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. Please use the tools below to analyze the current value of CONGRESS MID in the context of predictive analytics.

Hype

Prediction

Low	Estimated Value	High
22.32	23.57	24.82

Details

Intrinsic

Valuation

Low	Real Value	High
20.73	21.98	25.93

Details

Naive

Forecast

Low	Next Value	High
22.20	23.45	24.70

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
22.83	24.25	25.67

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as CONGRESS MID. Your research has to be compared to or analyzed against CONGRESS MID's peers to derive any actionable benefits. When done correctly, CONGRESS MID's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in CONGRESS MID CAP.

CONGRESS MID CAP Backtested Returns

We consider CONGRESS MID very steady. CONGRESS MID CAP secures Sharpe Ratio (or Efficiency) of 0.0706, which signifies that the fund had 0.0706% of return per unit of risk over the last 3 months. Our standpoint towards foreseeing the volatility of a fund is to use all available market data together with fund-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for CONGRESS MID CAP, which you can use to evaluate the future volatility of the entity. Please confirm CONGRESS MID CAP risk adjusted performance of 0.0139, and Mean Deviation of 1.07 to double-check if the risk estimate we provide is consistent with the expected return of 0.0881%.

The fund shows a Beta (market volatility) of -0.1873, which signifies not very significant fluctuations relative to the market. Let's try to break down what CONGRESS's beta means in this case. As returns on the market increase, returns on owning CONGRESS MID are expected to decrease at a much lower rate. During the bear market, CONGRESS MID is likely to outperform the market. Although it is important to respect CONGRESS MID CAP historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The philosophy towards foreseeing future performance of any fund is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By reviewing CONGRESS MID CAP technical indicators, you can today evaluate if the expected return of 0.0881% will be sustainable into the future.

Auto-correlation

-0.47

Modest reverse predictability

CONGRESS MID CAP has modest reverse predictability. Overlapping area represents the amount of predictability between CONGRESS MID time series from 2nd of April 2021 to 28th of March 2022 and 28th of March 2022 to 23rd of March 2023. 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 -0.47 indicates that about 47.0% of current CONGRESS MID price fluctuation can be explain by its past prices.

	Correlation Coefficient	-0.47
	Spearman Rank Test	0.03
	Residual Average	0.0
	Price Variance	2.01

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 mutual fund has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock 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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Check 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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

Complementary Tools for CONGRESS Mutual Fund analysis

When running CONGRESS MID CAP price analysis, check to measure CONGRESS MID'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 CONGRESS MID is operating at the current time. Most of CONGRESS MID's value examination focuses on studying past and present price action to predict the probability of CONGRESS MID's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move CONGRESS MID's price. Additionally, you may evaluate how the addition of CONGRESS MID to your portfolios can decrease your overall portfolio volatility.

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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.

Volatility Indicators

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Value Movement

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A focus of CONGRESS MID technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of CONGRESS MID trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

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CONGRESS Mutual Fund Market Value

CONGRESS MID 'What if' Analysis

CONGRESS MID Upside/Downside Indicators

CONGRESS MID Market Risk Indicators

CONGRESS MID CAP Backtested Returns

Auto-correlation

Modest reverse predictability

CONGRESS MID CAP lagged returns against current returns

CONGRESS MID regressed lagged prices vs. current prices

CONGRESS MID Lagged Returns

Becoming a Better Investor with Macroaxis

Build Optimal Portfolios

Align your risk with return expectations

Complementary Tools for CONGRESS Mutual Fund analysis

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