Chestnut Street Exchange Fund Market Value
| CHNTX Fund | USD 1,184 3.03 0.26% |
| Symbol | Chestnut |
Please note, there is a significant difference between Chestnut Street's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chestnut Street is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chestnut Street'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.
Chestnut Street '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 Chestnut Street'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 Chestnut Street.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Chestnut Street on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Chestnut Street Exchange or generate 0.0% return on investment in Chestnut Street over 30 days. Chestnut Street is related to or competes with The Hartford, Vanguard Small-cap, Chartwell Small, Us Small, Baird Small/mid, and Victory Rs. Chestnut Street is entity of United States More
Chestnut Street 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 Chestnut Street'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 Chestnut Street Exchange upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5829 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 3.5 | |||
| Value At Risk | (0.80) | |||
| Potential Upside | 0.9715 |
Chestnut Street Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chestnut Street's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chestnut Street's standard deviation. In reality, there are many statistical measures that can use Chestnut Street historical prices to predict the future Chestnut Street's volatility.| Risk Adjusted Performance | 0.1398 | |||
| Jensen Alpha | 0.0215 | |||
| Total Risk Alpha | 0.0125 | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.1425 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Chestnut Street'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.
Chestnut Street Exchange Backtested Returns
At this stage we consider Chestnut Mutual Fund to be very steady. Chestnut Street Exchange secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the fund had a 0.21% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Chestnut Street Exchange, which you can use to evaluate the volatility of the entity. Please confirm Chestnut Street's mean deviation of 0.5051, and Risk Adjusted Performance of 0.1398 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. The fund shows a Beta (market volatility) of 0.79, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Chestnut Street's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chestnut Street is expected to be smaller as well.
Auto-correlation | 0.93 |
Excellent predictability
Chestnut Street Exchange has excellent predictability. Overlapping area represents the amount of predictability between Chestnut Street time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Chestnut Street Exchange price movement. The serial correlation of 0.93 indicates that approximately 93.0% of current Chestnut Street price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.93 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 148.92 |
Chestnut Street Exchange lagged returns against current returns
Autocorrelation, which is Chestnut Street 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 Chestnut Street's mutual fund expected returns. We can calculate the autocorrelation of Chestnut Street returns to help us make a trade decision. For example, suppose you find that Chestnut Street 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 |
Chestnut Street 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 Chestnut Street mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chestnut Street mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chestnut Street mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Chestnut Street Lagged Returns
When evaluating Chestnut Street's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chestnut Street mutual fund have on its future price. Chestnut Street 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, Chestnut Street autocorrelation shows the relationship between Chestnut Street mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Chestnut Street Exchange.
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 Chestnut Mutual Fund
Chestnut Street financial ratios help investors to determine whether Chestnut 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 Chestnut with respect to the benefits of owning Chestnut Street security.
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