Equity Growth Strategy Fund Market Value
| RELVX Fund | USD 13.74 0.01 0.07% |
| Symbol | Equity |
Equity Growth '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 Equity Growth'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 Equity Growth.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Equity Growth on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Equity Growth Strategy or generate 0.0% return on investment in Equity Growth over 30 days. Equity Growth is related to or competes with Equity Growth, Equity Growth, Equity Growth, Emerging Markets, Emerging Markets, and Equity Growth. The fund is a fund of funds, which seeks to achieve its objective by investing in a combination of several other Russell... More
Equity Growth 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 Equity Growth'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 Equity Growth Strategy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6517 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 2.83 | |||
| Value At Risk | (1.13) | |||
| Potential Upside | 0.9752 |
Equity Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Equity Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Equity Growth's standard deviation. In reality, there are many statistical measures that can use Equity Growth historical prices to predict the future Equity Growth's volatility.| Risk Adjusted Performance | 0.0693 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0643 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Equity Growth'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.
Equity Growth Strategy Backtested Returns
We consider Equity Growth very steady. Equity Growth Strategy secures Sharpe Ratio (or Efficiency) of 0.0866, which denotes the fund had a 0.0866% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Equity Growth Strategy, which you can use to evaluate the volatility of the entity. Please confirm Equity Growth's Downside Deviation of 0.6517, mean deviation of 0.4916, and Coefficient Of Variation of 900.68 to check if the risk estimate we provide is consistent with the expected return of 0.0558%. The fund shows a Beta (market volatility) of 0.93, which means possible diversification benefits within a given portfolio. Equity Growth returns are very sensitive to returns on the market. As the market goes up or down, Equity Growth is expected to follow.
Auto-correlation | 0.34 |
Below average predictability
Equity Growth Strategy has below average predictability. Overlapping area represents the amount of predictability between Equity Growth time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Equity Growth Strategy price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Equity Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Equity Growth Strategy lagged returns against current returns
Autocorrelation, which is Equity Growth 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 Equity Growth's mutual fund expected returns. We can calculate the autocorrelation of Equity Growth returns to help us make a trade decision. For example, suppose you find that Equity Growth 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 |
Equity Growth 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 Equity Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Equity Growth mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Equity Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Equity Growth Lagged Returns
When evaluating Equity Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Equity Growth mutual fund have on its future price. Equity Growth 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, Equity Growth autocorrelation shows the relationship between Equity Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Equity Growth Strategy.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Equity Growth Correlation, Equity Growth Volatility and Equity Growth Alpha and Beta module to complement your research on Equity Growth. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Equity Growth 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.