Growth And Tax Fund Market Value
| USBLX Fund | USD 28.62 0.06 0.21% |
| Symbol | Growth |
Growth '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'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 Growth.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in Growth on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding Growth And Tax or generate 0.0% return on investment in Growth over 510 days. Growth is related to or competes with Vanguard Wellesley, Vanguard Wellesley, Blackrock Multi, Hartford Balanced, Hartford Balanced, Hartford Balanced, and Hartford Balanced. Using preset target ranges, the funds strategy is to invest a majority of its assets in tax-exempt bonds and money marke... More
Growth 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'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 Growth And Tax upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3925 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 1.76 | |||
| Value At Risk | (0.57) | |||
| Potential Upside | 0.6157 |
Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Growth's standard deviation. In reality, there are many statistical measures that can use Growth historical prices to predict the future Growth's volatility.| Risk Adjusted Performance | 0.1647 | |||
| Jensen Alpha | 0.0384 | |||
| Total Risk Alpha | 0.0192 | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | 0.2387 |
Growth And Tax Backtested Returns
At this stage we consider Growth Mutual Fund to be very steady. Growth And Tax holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Growth And Tax, which you can use to evaluate the volatility of the entity. Please check out Growth's Market Risk Adjusted Performance of 0.2487, downside deviation of 0.3925, and Risk Adjusted Performance of 0.1647 to validate if the risk estimate we provide is consistent with the expected return of 0.068%. The fund retains a Market Volatility (i.e., Beta) of 0.31, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Growth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Growth is expected to be smaller as well.
Auto-correlation | 0.71 |
Good predictability
Growth And Tax has good predictability. Overlapping area represents the amount of predictability between Growth time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th 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 And Tax price movement. The serial correlation of 0.71 indicates that around 71.0% of current Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.88 |
Growth And Tax lagged returns against current returns
Autocorrelation, which is Growth 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's mutual fund expected returns. We can calculate the autocorrelation of Growth returns to help us make a trade decision. For example, suppose you find that Growth 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 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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Growth 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 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Growth Lagged Returns
When evaluating Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Growth mutual fund have on its future price. Growth 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 autocorrelation shows the relationship between Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Growth And Tax.
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 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 security.
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