Small Cap Value Fund Market Value

JSCAX Fund  USD 16.81  0.12  0.72%   
Small Cap's market value is the price at which a share of Small Cap trades on a public exchange. It measures the collective expectations of Small Cap Value investors about its performance. Small Cap is trading at 16.81 as of the 24th of December 2024; that is 0.72% up since the beginning of the trading day. The fund's open price was 16.69.
With this module, you can estimate the performance of a buy and hold strategy of Small Cap Value and determine expected loss or profit from investing in Small Cap over a given investment horizon. Check out Small Cap Correlation, Small Cap Volatility and Small Cap Alpha and Beta module to complement your research on Small Cap.
Symbol

Please note, there is a significant difference between Small Cap's value and its price as these two are different measures arrived at by different means. Investors typically determine if Small Cap is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Small Cap'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.

Small Cap '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 Cap'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 Cap.
0.00
11/24/2024
No Change 0.00  0.0 
In 31 days
12/24/2024
0.00
If you would invest  0.00  in Small Cap on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Small Cap Value or generate 0.0% return on investment in Small Cap over 30 days. Small Cap is related to or competes with Regional Bank, Regional Bank, Multimanager Lifestyle, Multimanager Lifestyle, Multimanager Lifestyle, Multimanager Lifestyle, and Multimanager Lifestyle. The fund invests at least 80 percent of its net assets in small-cap companies that are believed to be undervalued by var... More

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

Small Cap Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Small Cap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Small Cap's standard deviation. In reality, there are many statistical measures that can use Small Cap historical prices to predict the future Small Cap's volatility.
Hype
Prediction
LowEstimatedHigh
15.2216.8118.40
Details
Intrinsic
Valuation
LowRealHigh
15.5817.1718.76
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Small Cap. Your research has to be compared to or analyzed against Small Cap's peers to derive any actionable benefits. When done correctly, Small Cap's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Small Cap Value.

Small Cap Value Backtested Returns

Small Cap Value owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0735, which indicates the fund had a -0.0735% return per unit of risk over the last 3 months. Small Cap Value exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Small Cap's Variance of 2.45, risk adjusted performance of (0.07), and Coefficient Of Variation of (1,088) to confirm the risk estimate we provide. The entity has a beta of 1.19, 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 Cap will likely underperform.

Auto-correlation

    
  0.80  

Very good predictability

Small Cap Value has very good predictability. Overlapping area represents the amount of predictability between Small Cap time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Small Cap Value price movement. The serial correlation of 0.8 indicates that around 80.0% of current Small Cap price fluctuation can be explain by its past prices.
Correlation Coefficient0.8
Spearman Rank Test0.72
Residual Average0.0
Price Variance0.66

Small Cap Value lagged returns against current returns

Autocorrelation, which is Small Cap 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 Cap's mutual fund expected returns. We can calculate the autocorrelation of Small Cap returns to help us make a trade decision. For example, suppose you find that Small Cap 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 Cap 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 Cap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Small Cap 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 Cap mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Small Cap Lagged Returns

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