Paradigm Micro Cap Fund Market Value
| PVIVX Fund | USD 60.27 0.72 1.21% |
| Symbol | Paradigm |
Paradigm Micro '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 Paradigm Micro'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 Paradigm Micro.
| 11/17/2024 |
| 12/17/2024 |
If you would invest 0.00 in Paradigm Micro on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding Paradigm Micro Cap Fund or generate 0.0% return on investment in Paradigm Micro over 30 days. Paradigm Micro is related to or competes with Paradigm Select, Needham Aggressive, Ultramid Cap, Towle Deep, and Zacks Small. The fund invests at least 80 percent of its net assets in the common stocks of U.S More
Paradigm Micro 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 Paradigm Micro'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 Paradigm Micro Cap Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.12 | |||
| Information Ratio | 0.028 | |||
| Maximum Drawdown | 6.32 | |||
| Value At Risk | (1.91) | |||
| Potential Upside | 2.16 |
Paradigm Micro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paradigm Micro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paradigm Micro's standard deviation. In reality, there are many statistical measures that can use Paradigm Micro historical prices to predict the future Paradigm Micro's volatility.| Risk Adjusted Performance | 0.0741 | |||
| Jensen Alpha | 0.0122 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0309 | |||
| Treynor Ratio | 0.0848 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Paradigm Micro'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.
Paradigm Micro Cap Backtested Returns
At this stage we consider Paradigm Mutual Fund to be very steady. Paradigm Micro Cap maintains Sharpe Ratio (i.e., Efficiency) of 0.0965, which implies the entity had a 0.0965% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Paradigm Micro Cap, which you can use to evaluate the volatility of the fund. Please check Paradigm Micro's Semi Deviation of 0.9638, coefficient of variation of 1032.66, and Risk Adjusted Performance of 0.0741 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. The fund holds a Beta of 1.3, which implies 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, Paradigm Micro will likely underperform.
Auto-correlation | -0.79 |
Almost perfect reverse predictability
Paradigm Micro Cap Fund has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Paradigm Micro time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 to 17th 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 Paradigm Micro Cap price movement. The serial correlation of -0.79 indicates that around 79.0% of current Paradigm Micro price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.79 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Paradigm Micro Cap lagged returns against current returns
Autocorrelation, which is Paradigm Micro 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 Paradigm Micro's mutual fund expected returns. We can calculate the autocorrelation of Paradigm Micro returns to help us make a trade decision. For example, suppose you find that Paradigm Micro 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 |
Paradigm Micro 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 Paradigm Micro mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paradigm Micro mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paradigm Micro mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Paradigm Micro Lagged Returns
When evaluating Paradigm Micro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paradigm Micro mutual fund have on its future price. Paradigm Micro 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, Paradigm Micro autocorrelation shows the relationship between Paradigm Micro mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Paradigm Micro Cap 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 Paradigm Mutual Fund
Paradigm Micro financial ratios help investors to determine whether Paradigm 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 Paradigm with respect to the benefits of owning Paradigm Micro security.
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