Sparrow Growth Fund Market Value
| SGNFX Fund | USD 37.56 0.55 1.49% |
| Symbol | Sparrow |
Sparrow 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 Sparrow 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 Sparrow Growth.
| 05/10/2022 |
| 04/29/2024 |
If you would invest 0.00 in Sparrow Growth on May 10, 2022 and sell it all today you would earn a total of 0.00 from holding Sparrow Growth Fund or generate 0.0% return on investment in Sparrow Growth over 720 days. Sparrow Growth is related to or competes with T Rowe, T Rowe, and T Rowe. The fund typically invests in a broad range of U.S More
Sparrow 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 Sparrow 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 Sparrow Growth Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8233 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.55 | |||
| Value At Risk | (1.40) | |||
| Potential Upside | 1.57 |
Sparrow Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sparrow Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sparrow Growth's standard deviation. In reality, there are many statistical measures that can use Sparrow Growth historical prices to predict the future Sparrow Growth's volatility.| Risk Adjusted Performance | 0.0577 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0712 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sparrow 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.
Sparrow Growth Backtested Returns
We consider Sparrow Growth very steady. Sparrow Growth owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0611, which indicates the fund had a 0.0611% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Sparrow Growth Fund, which you can use to evaluate the volatility of the fund. Please validate Sparrow Growth's Semi Deviation of 0.6876, risk adjusted performance of 0.0577, and Coefficient Of Variation of 1147.47 to confirm if the risk estimate we provide is consistent with the expected return of 0.0582%. The entity has a beta of 1.01, which indicates a somewhat significant risk relative to the market. Sparrow Growth returns are very sensitive to returns on the market. As the market goes up or down, Sparrow Growth is expected to follow.
Auto-correlation | 0.29 |
Poor predictability
Sparrow Growth Fund has poor predictability. Overlapping area represents the amount of predictability between Sparrow Growth time series from 10th of May 2022 to 5th of May 2023 and 5th of May 2023 to 29th 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 Sparrow Growth price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Sparrow Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 6.87 |
Sparrow Growth lagged returns against current returns
Autocorrelation, which is Sparrow 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 Sparrow Growth's mutual fund expected returns. We can calculate the autocorrelation of Sparrow Growth returns to help us make a trade decision. For example, suppose you find that Sparrow 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 |
Sparrow 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 Sparrow Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sparrow 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 Sparrow Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Sparrow Growth Lagged Returns
When evaluating Sparrow Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sparrow Growth mutual fund have on its future price. Sparrow 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, Sparrow Growth autocorrelation shows the relationship between Sparrow Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sparrow Growth Fund.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Sparrow Growth Correlation, Sparrow Growth Volatility and Sparrow Growth Alpha and Beta module to complement your research on Sparrow Growth. 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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Sparrow 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.