Snow Capital Small Fund Market Value
| SNWCX Fund | USD 53.01 2.63 4.73% |
| Symbol | Snow |
Snow Capital '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 Snow Capital'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 Snow Capital.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in Snow Capital on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding Snow Capital Small or generate 0.0% return on investment in Snow Capital over 30 days. Snow Capital is related to or competes with Snow Capital, Walthausen Small, Towle Deep, and Huber Capital. The fund invests at least 80 percent of its net assets, at cost, in equity securities of companies with market capitaliz... More
Snow Capital 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 Snow Capital'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 Snow Capital Small upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9566 | |||
| Information Ratio | 0.0163 | |||
| Maximum Drawdown | 9.49 | |||
| Value At Risk | (1.56) | |||
| Potential Upside | 1.91 |
Snow Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Snow Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Snow Capital's standard deviation. In reality, there are many statistical measures that can use Snow Capital historical prices to predict the future Snow Capital's volatility.| Risk Adjusted Performance | 0.0519 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0237 | |||
| Treynor Ratio | 0.0489 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Snow Capital'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.
Snow Capital Small Backtested Returns
Snow Capital Small owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0245, which indicates the fund had a -0.0245% return per unit of risk over the last 3 months. Snow Capital Small exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Snow Capital's Risk Adjusted Performance of 0.0519, coefficient of variation of 1537.06, and Semi Deviation of 0.8505 to confirm the risk estimate we provide. The entity has a beta of 1.65, 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, Snow Capital will likely underperform.
Auto-correlation | -0.81 |
Excellent reverse predictability
Snow Capital Small has excellent reverse predictability. Overlapping area represents the amount of predictability between Snow Capital time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 Snow Capital Small price movement. The serial correlation of -0.81 indicates that around 81.0% of current Snow Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.96 |
Snow Capital Small lagged returns against current returns
Autocorrelation, which is Snow Capital 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 Snow Capital's mutual fund expected returns. We can calculate the autocorrelation of Snow Capital returns to help us make a trade decision. For example, suppose you find that Snow Capital 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 |
Snow Capital 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 Snow Capital mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Snow Capital mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Snow Capital mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Snow Capital Lagged Returns
When evaluating Snow Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Snow Capital mutual fund have on its future price. Snow Capital 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, Snow Capital autocorrelation shows the relationship between Snow Capital mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Snow Capital Small.
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 Snow Mutual Fund
Snow Capital financial ratios help investors to determine whether Snow 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 Snow with respect to the benefits of owning Snow Capital security.
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