Persimmon Longshort Fund Market Value
| LSEIX Fund | USD 15.98 0.01 0.06% |
| Symbol | PERSIMMON |
Persimmon Long/short '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 Persimmon Long/short'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 Persimmon Long/short.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Persimmon Long/short on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Persimmon Longshort Fund or generate 0.0% return on investment in Persimmon Long/short over 30 days. Persimmon Long/short is related to or competes with Janus Forty, Steward Large, Fidelity Capital, William Blair, Multi-asset Growth, Q3 All, and Nationwide Mid. In pursuing its investment objective, the Adviser uses three strategies selecting individual equity securities, hedging ... More
Persimmon Long/short 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 Persimmon Long/short'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 Persimmon Longshort Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6738 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 3.53 | |||
| Value At Risk | (1.07) | |||
| Potential Upside | 0.7682 |
Persimmon Long/short Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Persimmon Long/short's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Persimmon Long/short's standard deviation. In reality, there are many statistical measures that can use Persimmon Long/short historical prices to predict the future Persimmon Long/short's volatility.| Risk Adjusted Performance | 0.0776 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0786 |
Persimmon Long/short Backtested Returns
At this stage we consider PERSIMMON Mutual Fund to be very steady. Persimmon Long/short maintains Sharpe Ratio (i.e., Efficiency) of 0.18, which implies the entity had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Persimmon Long/short, which you can use to evaluate the volatility of the fund. Please check Persimmon Long/short's Coefficient Of Variation of 957.41, risk adjusted performance of 0.0776, and Semi Deviation of 0.5386 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. The fund holds a Beta of 0.71, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Persimmon Long/short's returns are expected to increase less than the market. However, during the bear market, the loss of holding Persimmon Long/short is expected to be smaller as well.
Auto-correlation | 0.52 |
Modest predictability
Persimmon Longshort Fund has modest predictability. Overlapping area represents the amount of predictability between Persimmon Long/short time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Persimmon Long/short price movement. The serial correlation of 0.52 indicates that about 52.0% of current Persimmon Long/short price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Persimmon Long/short lagged returns against current returns
Autocorrelation, which is Persimmon Long/short 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 Persimmon Long/short's mutual fund expected returns. We can calculate the autocorrelation of Persimmon Long/short returns to help us make a trade decision. For example, suppose you find that Persimmon Long/short 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 |
Persimmon Long/short 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 Persimmon Long/short mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Persimmon Long/short mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Persimmon Long/short mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Persimmon Long/short Lagged Returns
When evaluating Persimmon Long/short's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Persimmon Long/short mutual fund have on its future price. Persimmon Long/short 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, Persimmon Long/short autocorrelation shows the relationship between Persimmon Long/short mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Persimmon Longshort 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 PERSIMMON Mutual Fund
Persimmon Long/short financial ratios help investors to determine whether PERSIMMON 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 PERSIMMON with respect to the benefits of owning Persimmon Long/short security.
| Stocks Directory Find actively traded stocks across global markets | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges |