Marsico 21st Century Fund Market Value
| MXXIX Fund | USD 43.04 0.37 0.85% |
| Symbol | Marsico |
Marsico 21st '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 Marsico 21st'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 Marsico 21st.
| 02/17/2024 |
| 05/17/2024 |
If you would invest 0.00 in Marsico 21st on February 17, 2024 and sell it all today you would earn a total of 0.00 from holding Marsico 21st Century or generate 0.0% return on investment in Marsico 21st over 90 days. Marsico 21st is related to or competes with T Rowe, T Rowe, T Rowe, and Midcap Fund. The fund invests primarily in common stocks that are selected for their long-term growth potential More
Marsico 21st 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 Marsico 21st'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 Marsico 21st Century upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.1 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.85 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 1.92 |
Marsico 21st Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Marsico 21st's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Marsico 21st's standard deviation. In reality, there are many statistical measures that can use Marsico 21st historical prices to predict the future Marsico 21st's volatility.| Risk Adjusted Performance | 0.0604 | |||
| Jensen Alpha | 0.089 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 2.36 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Marsico 21st'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.
Marsico 21st Century Backtested Returns
We consider Marsico 21st very steady. Marsico 21st Century has Sharpe Ratio of 0.11, which conveys that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Marsico 21st, which you can use to evaluate the volatility of the fund. Please verify Marsico 21st's Mean Deviation of 0.8822, downside deviation of 1.1, and Risk Adjusted Performance of 0.0604 to check out if the risk estimate we provide is consistent with the expected return of 0.11%. The fund secures a Beta (Market Risk) of 0.0393, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Marsico 21st's returns are expected to increase less than the market. However, during the bear market, the loss of holding Marsico 21st is expected to be smaller as well.
Auto-correlation | -0.1 |
Very weak reverse predictability
Marsico 21st Century has very weak reverse predictability. Overlapping area represents the amount of predictability between Marsico 21st time series from 17th of February 2024 to 2nd of April 2024 and 2nd of April 2024 to 17th of May 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 Marsico 21st Century price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Marsico 21st price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.5 |
Marsico 21st Century lagged returns against current returns
Autocorrelation, which is Marsico 21st 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 Marsico 21st's mutual fund expected returns. We can calculate the autocorrelation of Marsico 21st returns to help us make a trade decision. For example, suppose you find that Marsico 21st 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 |
Marsico 21st 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 Marsico 21st mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Marsico 21st mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Marsico 21st mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Marsico 21st Lagged Returns
When evaluating Marsico 21st's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Marsico 21st mutual fund have on its future price. Marsico 21st 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, Marsico 21st autocorrelation shows the relationship between Marsico 21st mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Marsico 21st Century.
Regressed Prices |
| Timeline |
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| CRM | Salesforce | |
| MSFT | Microsoft |
Check out Marsico 21st Correlation, Marsico 21st Volatility and Marsico 21st Alpha and Beta module to complement your research on Marsico 21st. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Marsico 21st 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.