Extended Market Index Fund Market Value
| USMIX Fund | USD 20.87 0.06 0.29% |
| Symbol | Extended |
Extended Market '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 Extended Market'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 Extended Market.
| 04/22/2025 |
| 07/21/2025 |
If you would invest 0.00 in Extended Market on April 22, 2025 and sell it all today you would earn a total of 0.00 from holding Extended Market Index or generate 0.0% return on investment in Extended Market over 90 days. Extended Market is related to or competes with Morningstar Aggressive, Dunham High, Metropolitan West, Needham Aggressive, Pace High, Blackrock High, and Aggressive Balanced. The funds principal investment strategy is, under normal market conditions, to invest at least 80 percent of its assets ... More
Extended Market 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 Extended Market'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 Extended Market Index upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9797 | |||
| Information Ratio | 0.1521 | |||
| Maximum Drawdown | 6.23 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 2.21 |
Extended Market Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Extended Market's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Extended Market's standard deviation. In reality, there are many statistical measures that can use Extended Market historical prices to predict the future Extended Market's volatility.| Risk Adjusted Performance | 0.2647 | |||
| Jensen Alpha | 0.3148 | |||
| Total Risk Alpha | 0.1439 | |||
| Sortino Ratio | 0.1685 | |||
| Treynor Ratio | (2.04) |
Extended Market Index Backtested Returns
Extended Market appears to be very steady, given 3 months investment horizon. Extended Market Index secures Sharpe Ratio (or Efficiency) of 0.26, which denotes the fund had a 0.26 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Extended Market Index, which you can use to evaluate the volatility of the entity. Please utilize Extended Market's Coefficient Of Variation of 354.73, downside deviation of 0.9797, and Mean Deviation of 0.8058 to check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of -0.14, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Extended Market are expected to decrease at a much lower rate. During the bear market, Extended Market is likely to outperform the market.
Auto-correlation | 0.75 |
Good predictability
Extended Market Index has good predictability. Overlapping area represents the amount of predictability between Extended Market time series from 22nd of April 2025 to 6th of June 2025 and 6th of June 2025 to 21st of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Extended Market Index price movement. The serial correlation of 0.75 indicates that around 75.0% of current Extended Market price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Extended Market Index lagged returns against current returns
Autocorrelation, which is Extended Market 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 Extended Market's mutual fund expected returns. We can calculate the autocorrelation of Extended Market returns to help us make a trade decision. For example, suppose you find that Extended Market 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 |
Extended Market 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 Extended Market mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Extended Market mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Extended Market mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Extended Market Lagged Returns
When evaluating Extended Market's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Extended Market mutual fund have on its future price. Extended Market 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, Extended Market autocorrelation shows the relationship between Extended Market mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Extended Market Index.
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 Extended Mutual Fund
Extended Market financial ratios help investors to determine whether Extended 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 Extended with respect to the benefits of owning Extended Market security.
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