Growth Opportunities Fund Market Value
| TGVYX Fund | USD 56.05 0.26 0.46% |
| Symbol | Growth |
Growth Opportunities '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 Growth Opportunities' 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 Growth Opportunities.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in Growth Opportunities on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding Growth Opportunities Fund or generate 0.0% return on investment in Growth Opportunities over 30 days. Growth Opportunities is related to or competes with Aqr Diversified, Delaware Limited, Sentinel Small, Davenport Small, Pgim Jennison, Blackrock, and Jhancock Diversified. The fund invests primarily in stocks of domestic growth companies that the sub-advisor believes have a demonstrated reco... More
Growth Opportunities 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 Growth Opportunities' 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 Growth Opportunities Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.18 | |||
| Information Ratio | 0.0532 | |||
| Maximum Drawdown | 6.52 | |||
| Value At Risk | (1.46) | |||
| Potential Upside | 1.46 |
Growth Opportunities Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Growth Opportunities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Growth Opportunities' standard deviation. In reality, there are many statistical measures that can use Growth Opportunities historical prices to predict the future Growth Opportunities' volatility.| Risk Adjusted Performance | 0.0903 | |||
| Jensen Alpha | 0.0613 | |||
| Total Risk Alpha | 0.0313 | |||
| Sortino Ratio | 0.0451 | |||
| Treynor Ratio | 0.1288 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Growth Opportunities' 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.
Growth Opportunities Backtested Returns
At this stage we consider Growth Mutual Fund to be very steady. Growth Opportunities holds Efficiency (Sharpe) Ratio of 0.0885, which attests that the entity had a 0.0885% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Growth Opportunities, which you can use to evaluate the volatility of the entity. Please check out Growth Opportunities' Risk Adjusted Performance of 0.0903, market risk adjusted performance of 0.1388, and Downside Deviation of 1.18 to validate if the risk estimate we provide is consistent with the expected return of 0.0864%. The fund retains a Market Volatility (i.e., Beta) of 0.86, which attests to possible diversification benefits within a given portfolio. Growth Opportunities returns are very sensitive to returns on the market. As the market goes up or down, Growth Opportunities is expected to follow.
Auto-correlation | -0.68 |
Very good reverse predictability
Growth Opportunities Fund has very good reverse predictability. Overlapping area represents the amount of predictability between Growth Opportunities 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 Growth Opportunities price movement. The serial correlation of -0.68 indicates that around 68.0% of current Growth Opportunities price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 1.62 |
Growth Opportunities lagged returns against current returns
Autocorrelation, which is Growth Opportunities 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 Growth Opportunities' mutual fund expected returns. We can calculate the autocorrelation of Growth Opportunities returns to help us make a trade decision. For example, suppose you find that Growth Opportunities 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 |
Growth Opportunities 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 Growth Opportunities mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Growth Opportunities mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Growth Opportunities mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Growth Opportunities Lagged Returns
When evaluating Growth Opportunities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Growth Opportunities mutual fund have on its future price. Growth Opportunities 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, Growth Opportunities autocorrelation shows the relationship between Growth Opportunities mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Growth Opportunities 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 Growth Mutual Fund
Growth Opportunities financial ratios help investors to determine whether Growth 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 Growth with respect to the benefits of owning Growth Opportunities security.
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