Conestoga Smid Cap Fund Market Value

CCSMX Fund  USD 27.32  0.12  0.44%   
Conestoga Smid's market value is the price at which a share of Conestoga Smid trades on a public exchange. It measures the collective expectations of Conestoga Smid Cap investors about its performance. Conestoga Smid is trading at 27.32 as of the 13th of December 2024; that is 0.44 percent down since the beginning of the trading day. The fund's open price was 27.44.
With this module, you can estimate the performance of a buy and hold strategy of Conestoga Smid Cap and determine expected loss or profit from investing in Conestoga Smid over a given investment horizon. Check out Conestoga Smid Correlation, Conestoga Smid Volatility and Conestoga Smid Alpha and Beta module to complement your research on Conestoga Smid.
Symbol

Please note, there is a significant difference between Conestoga Smid's value and its price as these two are different measures arrived at by different means. Investors typically determine if Conestoga Smid is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Conestoga Smid's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Conestoga Smid '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 Conestoga Smid'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 Conestoga Smid.
0.00
11/13/2024
No Change 0.00  0.0 
In 31 days
12/13/2024
0.00
If you would invest  0.00  in Conestoga Smid on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Conestoga Smid Cap or generate 0.0% return on investment in Conestoga Smid over 30 days. Conestoga Smid is related to or competes with Conestoga Small, Conestoga Small, Conestoga Mid, Columbia Large, and . The fund invests at least 80 percent of its net assets in equity securities of small-to-mid capitalization companies More

Conestoga Smid 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 Conestoga Smid'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 Conestoga Smid Cap upside and downside potential and time the market with a certain degree of confidence.

Conestoga Smid Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Conestoga Smid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Conestoga Smid's standard deviation. In reality, there are many statistical measures that can use Conestoga Smid historical prices to predict the future Conestoga Smid's volatility.
Hype
Prediction
LowEstimatedHigh
26.3527.3228.29
Details
Intrinsic
Valuation
LowRealHigh
24.5929.9230.89
Details

Conestoga Smid Cap Backtested Returns

At this stage we consider Conestoga Mutual Fund to be very steady. Conestoga Smid Cap secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the fund had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Conestoga Smid Cap, which you can use to evaluate the volatility of the entity. Please confirm Conestoga Smid's Mean Deviation of 0.7289, risk adjusted performance of 0.1315, and Downside Deviation of 0.9332 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. The fund shows a Beta (market volatility) of 1.12, which signifies a somewhat significant risk relative to the market. Conestoga Smid returns are very sensitive to returns on the market. As the market goes up or down, Conestoga Smid is expected to follow.

Auto-correlation

    
  -0.74  

Almost perfect reverse predictability

Conestoga Smid Cap has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Conestoga Smid time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th 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 Conestoga Smid Cap price movement. The serial correlation of -0.74 indicates that around 74.0% of current Conestoga Smid price fluctuation can be explain by its past prices.
Correlation Coefficient-0.74
Spearman Rank Test-0.76
Residual Average0.0
Price Variance0.06

Conestoga Smid Cap lagged returns against current returns

Autocorrelation, which is Conestoga Smid 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 Conestoga Smid's mutual fund expected returns. We can calculate the autocorrelation of Conestoga Smid returns to help us make a trade decision. For example, suppose you find that Conestoga Smid 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  

Conestoga Smid 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 Conestoga Smid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Conestoga Smid mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Conestoga Smid mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Conestoga Smid Lagged Returns

When evaluating Conestoga Smid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Conestoga Smid mutual fund have on its future price. Conestoga Smid 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, Conestoga Smid autocorrelation shows the relationship between Conestoga Smid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Conestoga Smid Cap.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Conestoga Mutual Fund

Conestoga Smid financial ratios help investors to determine whether Conestoga 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 Conestoga with respect to the benefits of owning Conestoga Smid security.
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