Sparrow Growth Fund Quote
| SGNFX Fund | USD 37.36 0.13 0.35% |
Performance5 of 100
| Odds Of DistressLess than 21
|
Sparrow Growth is trading at 37.36 as of the 25th of April 2024; that is -0.35 percent down since the beginning of the trading day. The fund's open price was 37.49. Sparrow Growth has about a 21 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Sparrow Growth Fund are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of January 2024 and ending today, the 25th of April 2024. Click here to learn more.
The fund typically invests in a broad range of U.S. common stocks which the funds adviser believes have above-average prospects for appreciation based on a proprietary investment model developed by the adviser. It may invest in stocks of all market capitalization ranges based on the advisers assessment of the relative opportunities and risks of each category. More on Sparrow Growth Fund
Moving together with Sparrow Mutual Fund
| 0.93 | SGFFX | Sparrow Growth | PairCorr |
| 1.0 | SGFCX | Sparrow Growth | PairCorr |
| 0.82 | PAMCX | T Rowe Price | PairCorr |
| 0.82 | RRMGX | T Rowe Price | PairCorr |
| 0.84 | TRQZX | T Rowe Price | PairCorr |
| 0.83 | RPMGX | T Rowe Price | PairCorr |
Sparrow 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. Sparrow Growth's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Sparrow Growth or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Sparrow Funds, Large Growth Funds, Mid-Cap Growth Funds, Mid-Cap Growth, Sparrow (View all Sectors) |
| Update Date | 31st of March 2024 |
Sparrow Growth Fund [SGNFX] is traded in USA and was established 25th of April 2024. Sparrow Growth is listed under Sparrow category by Fama And French industry classification. The fund is listed under Mid-Cap Growth category and is part of Sparrow family. This fund at this time has accumulated 23.55 M in assets with no minimum investment requirementsSparrow Growth is currently producing year-to-date (YTD) return of 7.91%, while the total return for the last 3 years was -3.19%.
Check Sparrow Growth 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 Sparrow 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 Sparrow 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 Sparrow Growth Fund 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 Sparrow Growth Fund Mutual Fund Constituents
| TWST | Twist Bioscience Corp | Stock | Health Care |
| PRI | Primerica | Stock | Financials |
| AMZN | Amazon Inc | Stock | Consumer Discretionary |
| TREE | Lendingtree | Stock | Financials |
| ZM | Zoom Video Communications | Stock | Information Technology |
| MSFT | Microsoft | Stock | Information Technology |
| TRHC | Tabula Rasa HealthCare | Stock | Health Care |
Sparrow Growth Target Price Odds Analysis
Based on a normal probability distribution, the odds of Sparrow Growth jumping above the current price in 90 days from now is about 56.34%. The Sparrow Growth Fund probability density function shows the probability of Sparrow Growth mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Sparrow Growth Fund has a beta of -0.0685. This usually implies as returns on the benchmark increase, returns on holding Sparrow Growth are expected to decrease at a much lower rate. During a bear market, however, Sparrow Growth Fund is likely to outperform the market. Additionally, sparrow Growth Fund has an alpha of 0.0902, implying that it can generate a 0.0902 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Sparrow Growth to move above the current price in 90 days from now is about 56.34 (This Sparrow Growth Fund probability density function shows the probability of Sparrow Mutual Fund to fall within a particular range of prices over 90 days) .
Sparrow Growth Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Sparrow Growth market risk premium is the additional return an investor will receive from holding Sparrow Growth 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 Sparrow Growth. 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 Sparrow Growth's alpha and beta are two of the key measurements used to evaluate Sparrow Growth's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.6952 | |||
| Semi Deviation | 0.6799 | |||
| Standard Deviation | 0.9136 | |||
| Variance | 0.8347 |
Sparrow Growth Against Markets
Picking the right benchmark for Sparrow Growth 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 Sparrow Growth 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 Sparrow Growth is critical whether you are bullish or bearish towards Sparrow Growth Fund at a given time. Please also check how Sparrow Growth'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 Sparrow Growth 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?
Run Analyst Advice Now
Analyst AdviceAnalyst recommendations and target price estimates broken down by several categories |
| All Next | Launch Module |
How to buy Sparrow Mutual Fund?
Before investing in Sparrow Growth, 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 Sparrow Growth. To buy Sparrow Growth fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Sparrow Growth. 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 Sparrow Growth fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Sparrow Growth Fund 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 Sparrow Growth Fund 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 Sparrow Growth Fund, 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 Sparrow Growth Fund?
The danger of trading Sparrow Growth Fund 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 Sparrow Growth 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 Sparrow Growth. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Sparrow Growth 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Sparrow Growth Fund. 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 census. Note that the Sparrow Growth information on this page should be used as a complementary analysis to other Sparrow 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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.