Small Mid Cap Equity Fund Market Value
| TSGUX Fund | USD 17.13 0.08 0.46% |
| Symbol | Small |
Small Mid '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 Small Mid'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 Small Mid.
| 05/08/2024 |
| 06/07/2024 |
If you would invest 0.00 in Small Mid on May 8, 2024 and sell it all today you would earn a total of 0.00 from holding Small Mid Cap Equity or generate 0.0% return on investment in Small Mid over 30 days. Small Mid is related to or competes with Vanguard Mid, Vanguard Mid, Vanguard Mid, Vanguard Mid, Vanguard Extended, Vanguard Extended, and Vanguard Extended. The fund normally invests at least 80 percent of its net assets in the equity securities of small-mid capitalization com... More
Small Mid 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 Small Mid'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 Small Mid Cap Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9363 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 3.62 | |||
| Value At Risk | (1.44) | |||
| Potential Upside | 1.28 |
Small Mid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Small Mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Small Mid's standard deviation. In reality, there are many statistical measures that can use Small Mid historical prices to predict the future Small Mid's volatility.| Risk Adjusted Performance | 0.0046 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Small Mid'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.
Small Mid Cap Backtested Returns
Small Mid Cap owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.011, which indicates the fund had a -0.011% return per unit of risk over the last 3 months. Small Mid Cap Equity exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Small Mid's Coefficient Of Variation of 31989.83, risk adjusted performance of 0.0046, and Semi Deviation of 0.8898 to confirm the risk estimate we provide. The entity has a beta of 1.25, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Small Mid will likely underperform.
Auto-correlation | 0.00 |
No correlation between past and present
Small Mid Cap Equity has no correlation between past and present. Overlapping area represents the amount of predictability between Small Mid time series from 8th of May 2024 to 23rd of May 2024 and 23rd of May 2024 to 7th of June 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 Small Mid Cap price movement. The serial correlation of 0.0 indicates that just 0.0% of current Small Mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Small Mid Cap lagged returns against current returns
Autocorrelation, which is Small Mid 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 Small Mid's mutual fund expected returns. We can calculate the autocorrelation of Small Mid returns to help us make a trade decision. For example, suppose you find that Small Mid 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 |
Small Mid 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 Small Mid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Small Mid mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Small Mid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Small Mid Lagged Returns
When evaluating Small Mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Small Mid mutual fund have on its future price. Small Mid 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, Small Mid autocorrelation shows the relationship between Small Mid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Small Mid Cap Equity.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Small Mutual Fund
Small Mid financial ratios help investors to determine whether Small Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Small with respect to the benefits of owning Small Mid security.
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