Spectrum Growth Fund Manager Performance Evaluation
| PRSGX Fund | USD 28.24 0.04 0.14% |
The entity has a beta of 0.79, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Spectrum Growth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Spectrum Growth is expected to be smaller as well.
Risk-Adjusted Performance
13 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Spectrum Growth Fund are ranked lower than 13 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly inconsistent technical and fundamental indicators, Spectrum Growth may actually be approaching a critical reversion point that can send shares even higher in December 2024.
...more| Expense Ratio Date | 1st of May 2023 | |
| Expense Ratio | 0.7300 |
Spectrum |
Spectrum Growth Relative Risk vs. Return Landscape
If you would invest 2,640 in Spectrum Growth Fund on August 31, 2024 and sell it today you would earn a total of 184.00 from holding Spectrum Growth Fund or generate 6.97% return on investment over 90 days. Spectrum Growth Fund is currently producing 0.109% returns and takes up 0.6381% volatility of returns over 90 trading days. Put another way, 5% of traded mutual funds are less volatile than Spectrum, and 98% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Spectrum Growth Current Valuation
Fairly Valued
Today
Please note that Spectrum Growth's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Spectrum Growth has a current Real Value of $27.95 per share. The regular price of the fund is $28.24. We determine the value of Spectrum Growth from inspecting fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will draw towards each other.
Since Spectrum Growth is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Spectrum Mutual Fund. However, Spectrum Growth's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 28.24 | Real 27.95 | Hype 28.24 | Naive 28.25 |
The intrinsic value of Spectrum Growth's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Spectrum Growth's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Spectrum Growth Fund helps investors to forecast how Spectrum mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Spectrum Growth more accurately as focusing exclusively on Spectrum Growth's fundamentals will not take into account other important factors: Spectrum Growth Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spectrum Growth's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Spectrum Growth Fund, and traders can use it to determine the average amount a Spectrum Growth's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1708
| Best Portfolio | Best Equity | |||
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| Cash | PRSGX | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.64 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Spectrum Growth is performing at about 13% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Spectrum Growth by adding it to a well-diversified portfolio.
Spectrum Growth Fundamentals Growth
Spectrum Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Spectrum Growth, and Spectrum Growth fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Spectrum Mutual Fund performance.
| Price To Earning | 18.83 X | |||
| Price To Book | 2.09 X | |||
| Price To Sales | 1.52 X | |||
| Total Asset | 1.99 B | |||
About Spectrum Growth Performance
Evaluating Spectrum Growth's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Spectrum Growth has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Spectrum Growth has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund broadly diversifies its assets among a set of T. Rowe Price mutual funds representing specific market segments. It, which normally invests in a variety of U.S. and international equity funds and, from time to time, a money market fund, seeks to maintain broad exposure to several markets in an attempt to reduce the impact of markets that are declining and to benefit from strong performance in particular market segments over time.Things to note about Spectrum Growth performance evaluation
Checking the ongoing alerts about Spectrum Growth for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Spectrum Growth help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Spectrum Growth's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Spectrum Growth's mutual fund performance include:- Analyzing Spectrum Growth's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Spectrum Growth's stock is overvalued or undervalued compared to its peers.
- Examining Spectrum Growth's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Spectrum Growth's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Spectrum Growth's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Spectrum Growth's mutual fund. These opinions can provide insight into Spectrum Growth's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Spectrum Mutual Fund
Spectrum Growth financial ratios help investors to determine whether Spectrum 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 Spectrum with respect to the benefits of owning Spectrum Growth security.
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