Auer Growth Fund Market Value
| AUERX Fund | USD 17.68 0.02 0.11% |
| Symbol | Auer |
Auer 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 Auer 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 Auer Growth.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Auer Growth on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Auer Growth Fund or generate 0.0% return on investment in Auer Growth over 180 days. Auer Growth is related to or competes with Lebenthal Lisanti, Hodges Small, Schwartz Value, Oberweis Small, and Aegis Value. The fund invests primarily in a diversified portfolio of common stocks traded on major U.S More
Auer 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 Auer 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 Auer Growth Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.07 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 4.29 | |||
| Value At Risk | (1.45) | |||
| Potential Upside | 1.62 |
Auer Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Auer Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Auer Growth's standard deviation. In reality, there are many statistical measures that can use Auer Growth historical prices to predict the future Auer Growth's volatility.| Risk Adjusted Performance | 0.0442 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0462 |
Auer Growth Fund Backtested Returns
At this stage we consider Auer Mutual Fund to be very steady. Auer Growth Fund secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the fund had a 0.11% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Auer Growth Fund, which you can use to evaluate the volatility of the entity. Please confirm Auer Growth's mean deviation of 0.7222, and Risk Adjusted Performance of 0.0442 to double-check if the risk estimate we provide is consistent with the expected return of 0.095%. The fund shows a Beta (market volatility) of 0.96, which signifies possible diversification benefits within a given portfolio. Auer Growth returns are very sensitive to returns on the market. As the market goes up or down, Auer Growth is expected to follow.
Auto-correlation | 0.36 |
Below average predictability
Auer Growth Fund has below average predictability. Overlapping area represents the amount of predictability between Auer Growth time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st of December 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 Auer Growth Fund price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Auer Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Auer Growth Fund lagged returns against current returns
Autocorrelation, which is Auer 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 Auer Growth's mutual fund expected returns. We can calculate the autocorrelation of Auer Growth returns to help us make a trade decision. For example, suppose you find that Auer 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 |
Auer 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 Auer Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Auer 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 Auer Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Auer Growth Lagged Returns
When evaluating Auer Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Auer Growth mutual fund have on its future price. Auer 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, Auer Growth autocorrelation shows the relationship between Auer Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Auer Growth Fund.
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 Auer Mutual Fund
Auer Growth financial ratios help investors to determine whether Auer 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 Auer with respect to the benefits of owning Auer Growth security.
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities |