Stringer Growth Fund Market Value

SRGAX Fund  USD 12.38  0.07  0.57%   
Stringer Growth's market value is the price at which a share of Stringer Growth trades on a public exchange. It measures the collective expectations of Stringer Growth Fund investors about its performance. Stringer Growth is trading at 12.38 as of the 28th of March 2024; that is 0.57% increase since the beginning of the trading day. The fund's open price was 12.31.
With this module, you can estimate the performance of a buy and hold strategy of Stringer Growth Fund and determine expected loss or profit from investing in Stringer Growth over a given investment horizon. Check out Stringer Growth Correlation, Stringer Growth Volatility and Stringer Growth Alpha and Beta module to complement your research on Stringer Growth.
Symbol

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

Stringer 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 Stringer 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 Stringer Growth.
0.00
06/07/2022
No Change 0.00  0.0 
In 1 year 9 months and 23 days
03/28/2024
0.00
If you would invest  0.00  in Stringer Growth on June 7, 2022 and sell it all today you would earn a total of 0.00 from holding Stringer Growth Fund or generate 0.0% return on investment in Stringer Growth over 660 days. Stringer Growth is related to or competes with Stringer Growth, Stringer Growth, Vanguard Small-cap, Schwab Fundamental, Davis New, and Fidelity Advisor. The fund is designed to meet investor needs for a diversified portfolio solution with a defined risk objective of long-term growth through a fully managed investment policy utilizing primarily ETFs as well as United States and foreign equity securities, debt and money market securities, the combination of which will be varied from time to time both with respect to types of securities and markets in response to changing market and economic trends. More

Stringer 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 Stringer 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 Stringer Growth Fund upside and downside potential and time the market with a certain degree of confidence.

Stringer Growth Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Stringer Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Stringer Growth's standard deviation. In reality, there are many statistical measures that can use Stringer Growth historical prices to predict the future Stringer Growth's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Stringer 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.
Hype
Prediction
LowEstimatedHigh
11.9512.3812.81
Details
Intrinsic
Valuation
LowRealHigh
10.8711.3013.62
Details
Naive
Forecast
LowNextHigh
11.9412.3712.80
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
12.2712.3312.40
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Stringer Growth. Your research has to be compared to or analyzed against Stringer Growth's peers to derive any actionable benefits. When done correctly, Stringer Growth's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Stringer Growth Fund.

Stringer Growth Fund Backtested Returns

We consider Stringer Growth very steady. Stringer Growth Fund owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.25, which indicates the fund had a 0.25% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Stringer Growth Fund, which you can use to evaluate the volatility of the fund. Please validate Stringer Growth's Coefficient Of Variation of 457.13, risk adjusted performance of 0.1185, and Semi Deviation of 0.1454 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. The entity has a beta of -0.29, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Stringer Growth are expected to decrease at a much lower rate. During the bear market, Stringer Growth is likely to outperform the market.

Auto-correlation

    
  0.43  

Average predictability

Stringer Growth Fund has average predictability. Overlapping area represents the amount of predictability between Stringer Growth time series from 7th of June 2022 to 3rd of May 2023 and 3rd of May 2023 to 28th of March 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 Stringer Growth Fund price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Stringer Growth price fluctuation can be explain by its past prices.
Correlation Coefficient0.43
Spearman Rank Test0.22
Residual Average0.0
Price Variance0.22

Stringer Growth Fund lagged returns against current returns

Autocorrelation, which is Stringer 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 Stringer Growth's mutual fund expected returns. We can calculate the autocorrelation of Stringer Growth returns to help us make a trade decision. For example, suppose you find that Stringer 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  

Stringer 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 Stringer Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Stringer 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 Stringer Growth mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Stringer Growth Lagged Returns

When evaluating Stringer Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Stringer Growth mutual fund have on its future price. Stringer 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, Stringer Growth autocorrelation shows the relationship between Stringer Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Stringer Growth Fund.
   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 Stringer Growth 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, Stringer Growth's short interest history, or implied volatility extrapolated from Stringer Growth options trading.

Currently Active Assets on Macroaxis

Check out Stringer Growth Correlation, Stringer Growth Volatility and Stringer Growth Alpha and Beta module to complement your research on Stringer Growth.
Note that the Stringer Growth Fund information on this page should be used as a complementary analysis to other Stringer Growth'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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

Complementary Tools for Stringer Mutual Fund analysis

When running Stringer Growth's price analysis, check to measure Stringer Growth'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 Stringer Growth is operating at the current time. Most of Stringer Growth's value examination focuses on studying past and present price action to predict the probability of Stringer Growth's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stringer Growth's price. Additionally, you may evaluate how the addition of Stringer Growth to your portfolios can decrease your overall portfolio volatility.
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Stringer 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.
A focus of Stringer Growth technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Stringer Growth 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...