Needham Small Cap Fund Technical Analysis
| NESIX Fund | USD 25.20 0.20 0.80% |
As of the 11th of March 2026, shares of Needham Small change hands at 25.20 per share. Momentum and volatility readings indicate Downside Deviation of 1.7, risk adjusted performance of 0.0573, and Mean Deviation of 1.3. The system measures statistical relationships between price fluctuations and trading activity. Indicator values are assessed relative to historical performance bands.
Needham Small Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Needham, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NeedhamNeedham |
Needham Small 'What if' Analysis
Running a what-if backtest on Needham Small Cap gives investors a practical way to test how changes in horizon, position size, or market timing might have affected the result. Used properly, this review helps investors decide whether Needham Small's historical reward profile was stable enough to support the current thesis.
| 12/11/2025 |
| 03/11/2026 |
An initial 0.00 allocation to Needham Small on December 11, 2025 held through today would generate 0.00 in total gains. That corresponds to a 0.0% total return in Needham Small overall over 90 days. Needham Small is often compared with PARADIGM MICRO-CAP, PIN OAK, CLIPPER FUND, Morgan Stanley, WESMARK SMALL, T ROWE, and CB LARGE based on sector and business overlap. Peer context helps frame relative positioning. Under normal conditions, the fund invests at least 80 percent of its net assets, plus the amount of any borrowings for i... More
Needham Small Momentum Range Indicators Overview
This section highlights upside and downside signals that contextualize Needham Small price behavior. They compare current price to recent trend and sentiment readings.
| Downside Deviation | 1.7 | |||
| Information Ratio | 0.0735 | |||
| Maximum Drawdown | 8.18 | |||
| Value At Risk | -2.59 | |||
| Potential Upside | 2.47 |
Needham Small Volatility and Risk Indicators Overview
This section presents risk metrics that describe Needham Small's historical price variability. The metrics rely on historical prices to describe variability over time.| Risk Adjusted Performance | 0.0573 | |||
| Jensen Alpha | 0.1331 | |||
| Total Risk Alpha | 0.1489 | |||
| Sortino Ratio | 0.0731 | |||
| Treynor Ratio | 0.0723 |
The mean reversion principle applied to Needham Small's suggests that neither prolonged outperformance nor underperformance is permanent. Investors exploit this by positioning against extremes in price relative to fundamental value.
Needham Small Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0573 | |||
| Market Risk Adjusted Performance | 0.0823 | |||
| Mean Deviation | 1.3 | |||
| Semi Deviation | 1.63 | |||
| Downside Deviation | 1.7 | |||
| Coefficient Of Variation | 1491.25 | |||
| Standard Deviation | 1.69 | |||
| Variance | 2.86 | |||
| Information Ratio | 0.0735 | |||
| Jensen Alpha | 0.1331 | |||
| Total Risk Alpha | 0.1489 | |||
| Sortino Ratio | 0.0731 | |||
| Treynor Ratio | 0.0723 | |||
| Maximum Drawdown | 8.18 | |||
| Value At Risk | -2.59 | |||
| Potential Upside | 2.47 | |||
| Downside Variance | 2.89 | |||
| Semi Variance | 2.67 | |||
| Expected Short fall | -1.39 | |||
| Skewness | -0.14 | |||
| Kurtosis | 0.7485 |
Needham Small Cap Backtested Returns
Needham Small presents a very low volatility profile within the defined horizon. It has a Sharpe Ratio of 0.0671, which indicates that 0.0671 units of return per unit of risk over the last 3 months. We identified twenty-eight technical indicators supporting this volatility profile. Please review metrics such as risk-adjusted performance of 0.0573, mean deviation of 1.3, and Downside Deviation of 1.7 to review dispersion measures. The fund secures a Beta (Market Risk) of 1.43, which means a somewhat significant risk relative to the market. As the market goes up, the fund is expected to outperform it. However, if the market returns are negative, Needham Small will likely underperform.
Auto-correlation | 0.41 |
Average predictability
Needham Small Cap exhibits average predictability. Autocorrelation measures the degree of predictability between Needham Small time series from 11th of December 2025 to 25th of January 2026 and from 25th of January 2026 to 11th of March 2026. The stronger the relationship between the current interval and its lagged values, the more accurately future price behavior of Needham Small Cap may be projected. A serial correlation of 0.41 indicates that just about 41.0% of current Needham Small price fluctuations can be explained by its historical price movements.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
Technical analysis for Needham Small examines price and volume behavior across market regimes. Typical tools include moving averages, relative strength index, regressions, and price correlations.
Needham Small Cap Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Needham Small Cap volatility. High ATR values indicate high volatility, and low values indicate low volatility.
About Needham Small Technical Analysis
Technical analysis of Needham Small focuses on NAV trend behavior and volatility patterns where pricing frequency permits. Volatility compression can precede expansion in dispersion regimes. 
Michael Smolkin · Member of Macroaxis Board of Directors
Unless otherwise specified, financial data for Needham Small Cap is derived from periodic company reporting (annual and quarterly where available). Asset-level metrics are computed daily by Macroaxis LLC and refreshed regularly based on asset type. Updates may occur throughout the day.
Needham Mutual Fund is Curated By:
Michael Smolkin · Member of Macroaxis Board of DirectorsNeedham Small Technical Indicators
A technical review of Needham Small Cap can improve timing discipline by comparing momentum, reversal risk, and confirmation signals across several time horizons. The stronger process confirms one signal with others instead of reacting to one pattern in isolation.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0573 | |||
| Market Risk Adjusted Performance | 0.0823 | |||
| Mean Deviation | 1.3 | |||
| Semi Deviation | 1.63 | |||
| Downside Deviation | 1.7 | |||
| Coefficient Of Variation | 1491.25 | |||
| Standard Deviation | 1.69 | |||
| Variance | 2.86 | |||
| Information Ratio | 0.0735 | |||
| Jensen Alpha | 0.1331 | |||
| Total Risk Alpha | 0.1489 | |||
| Sortino Ratio | 0.0731 | |||
| Treynor Ratio | 0.0723 | |||
| Maximum Drawdown | 8.18 | |||
| Value At Risk | -2.59 | |||
| Potential Upside | 2.47 | |||
| Downside Variance | 2.89 | |||
| Semi Variance | 2.67 | |||
| Expected Short fall | -1.39 | |||
| Skewness | -0.14 | |||
| Kurtosis | 0.7485 |
Needham Small March 11, 2026 Daily Trend Indicators
A technical review of Needham Small Cap can improve timing discipline by comparing momentum, reversal risk, and confirmation signals across several time horizons. The stronger process confirms one signal with others instead of reacting to one pattern in isolation.
| Accumulation Distribution | 0.00 | ||
| Daily Balance Of Power | Huge | ||
| Rate Of Daily Change | 1.01 | ||
| Day Median Price | 25.20 | ||
| Day Typical Price | 25.20 | ||
| Price Action Indicator | 0.10 |