Cargile Fund Market Value
| CFNDX Fund | USD 9.10 0.02 0.22% |
| Symbol | Cargile |
Cargile Fund '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 Cargile Fund'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 Cargile Fund.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in Cargile Fund on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Cargile Fund or generate 0.0% return on investment in Cargile Fund over 30 days. Cargile Fund is related to or competes with Dfa Large, Aama Equity, Stadion Tactical, Matthews China, World Energy, and Vanguard Growth. Under normal market conditions, the fund invests in exchange traded funds andor cash and cash equivalents More
Cargile Fund 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 Cargile Fund'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 Cargile Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3981 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 1.99 | |||
| Value At Risk | (0.56) | |||
| Potential Upside | 0.5587 |
Cargile Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cargile Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cargile Fund's standard deviation. In reality, there are many statistical measures that can use Cargile Fund historical prices to predict the future Cargile Fund's volatility.| Risk Adjusted Performance | 0.0561 | |||
| Jensen Alpha | 0.0116 | |||
| Total Risk Alpha | 0.0099 | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0564 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cargile Fund'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.
Cargile Fund Backtested Returns
At this stage we consider Cargile Mutual Fund to be very steady. Cargile Fund secures Sharpe Ratio (or Efficiency) of 0.0849, which signifies that the fund had a 0.0849% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Cargile Fund, which you can use to evaluate the volatility of the entity. Please confirm Cargile Fund's Risk Adjusted Performance of 0.0561, mean deviation of 0.2217, and Downside Deviation of 0.3981 to double-check if the risk estimate we provide is consistent with the expected return of 0.0283%. The fund shows a Beta (market volatility) of 0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cargile Fund's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cargile Fund is expected to be smaller as well.
Auto-correlation | -0.66 |
Very good reverse predictability
Cargile Fund has very good reverse predictability. Overlapping area represents the amount of predictability between Cargile Fund time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Cargile Fund price movement. The serial correlation of -0.66 indicates that around 66.0% of current Cargile Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cargile Fund lagged returns against current returns
Autocorrelation, which is Cargile Fund 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 Cargile Fund's mutual fund expected returns. We can calculate the autocorrelation of Cargile Fund returns to help us make a trade decision. For example, suppose you find that Cargile Fund 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 |
Cargile Fund 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 Cargile Fund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cargile Fund mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cargile Fund mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Cargile Fund Lagged Returns
When evaluating Cargile Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cargile Fund mutual fund have on its future price. Cargile Fund 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, Cargile Fund autocorrelation shows the relationship between Cargile Fund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Cargile 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 Cargile Mutual Fund
Cargile Fund financial ratios help investors to determine whether Cargile 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 Cargile with respect to the benefits of owning Cargile Fund security.
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