Zacks Small Cap E Fund Market Value
| ZSCIX Fund | USD 38.67 0.33 0.85% |
| Symbol | Zacks |
Zacks Small '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 Zacks Small'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 Zacks Small.
| 12/26/2022 |
| 12/15/2024 |
If you would invest 0.00 in Zacks Small on December 26, 2022 and sell it all today you would earn a total of 0.00 from holding Zacks Small Cap E or generate 0.0% return on investment in Zacks Small over 720 days. Zacks Small is related to or competes with Needham Aggressive, Towle Deep, Prudential Qma, and Hennessy Focus. The fund pursues its investment objective by applying a hybrid research process which uses both quantitative and qualita... More
Zacks Small 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 Zacks Small'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 Zacks Small Cap E upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9881 | |||
| Information Ratio | 0.004 | |||
| Maximum Drawdown | 7.99 | |||
| Value At Risk | (1.51) | |||
| Potential Upside | 2.07 |
Zacks Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zacks Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zacks Small's standard deviation. In reality, there are many statistical measures that can use Zacks Small historical prices to predict the future Zacks Small's volatility.| Risk Adjusted Performance | 0.0632 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0053 | |||
| Treynor Ratio | 0.0621 |
Zacks Small Cap Backtested Returns
At this stage we consider Zacks Mutual Fund to be very steady. Zacks Small Cap shows Sharpe Ratio of 0.0521, which attests that the fund had a 0.0521% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Zacks Small Cap, which you can use to evaluate the volatility of the fund. Please check out Zacks Small's Downside Deviation of 0.9881, market risk adjusted performance of 0.0721, and Mean Deviation of 0.9345 to validate if the risk estimate we provide is consistent with the expected return of 0.0668%. The entity maintains a market beta of 1.54, which attests to 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, Zacks Small will likely underperform.
Auto-correlation | 0.24 |
Weak predictability
Zacks Small Cap E has weak predictability. Overlapping area represents the amount of predictability between Zacks Small time series from 26th of December 2022 to 21st of December 2023 and 21st of December 2023 to 15th 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 Zacks Small Cap price movement. The serial correlation of 0.24 indicates that over 24.0% of current Zacks Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 3.7 |
Zacks Small Cap lagged returns against current returns
Autocorrelation, which is Zacks Small 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 Zacks Small's mutual fund expected returns. We can calculate the autocorrelation of Zacks Small returns to help us make a trade decision. For example, suppose you find that Zacks Small 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 |
Zacks Small 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 Zacks Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zacks Small mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zacks Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Zacks Small Lagged Returns
When evaluating Zacks Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zacks Small mutual fund have on its future price. Zacks Small 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, Zacks Small autocorrelation shows the relationship between Zacks Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Zacks Small Cap E.
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 Zacks Mutual Fund
Zacks Small financial ratios help investors to determine whether Zacks 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 Zacks with respect to the benefits of owning Zacks Small security.
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