Cambiar International Equity Fund Market Value
| CAMYX Fund | USD 24.79 0.12 0.48% |
| Symbol | Cambiar |
Cambiar International '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 Cambiar International'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 Cambiar International.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Cambiar International on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Cambiar International Equity or generate 0.0% return on investment in Cambiar International over 30 days. Cambiar International is related to or competes with Causeway Emerging, Cambiar Small, Pimco Short, Cambiar Opportunity, and Artisan Value. The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity ... More
Cambiar International 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 Cambiar International'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 Cambiar International Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7073 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 2.65 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 0.9893 |
Cambiar International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cambiar International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cambiar International's standard deviation. In reality, there are many statistical measures that can use Cambiar International historical prices to predict the future Cambiar International's volatility.| Risk Adjusted Performance | 0.0654 | |||
| Jensen Alpha | 0.0074 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0683 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cambiar International's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Cambiar International Backtested Returns
We consider Cambiar International very steady. Cambiar International secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the fund had a 0.11% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Cambiar International Equity, which you can use to evaluate the volatility of the entity. Please confirm Cambiar International's Downside Deviation of 0.7073, risk adjusted performance of 0.0654, and Mean Deviation of 0.4503 to double-check if the risk estimate we provide is consistent with the expected return of 0.062%. The fund shows a Beta (market volatility) of 0.77, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cambiar International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cambiar International is expected to be smaller as well.
Auto-correlation | -0.03 |
Very weak reverse predictability
Cambiar International Equity has very weak reverse predictability. Overlapping area represents the amount of predictability between Cambiar International time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 Cambiar International price movement. The serial correlation of -0.03 indicates that only 3.0% of current Cambiar International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Cambiar International lagged returns against current returns
Autocorrelation, which is Cambiar International 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 Cambiar International's mutual fund expected returns. We can calculate the autocorrelation of Cambiar International returns to help us make a trade decision. For example, suppose you find that Cambiar International 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 |
Cambiar International 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 Cambiar International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cambiar International mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cambiar International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Cambiar International Lagged Returns
When evaluating Cambiar International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cambiar International mutual fund have on its future price. Cambiar International 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, Cambiar International autocorrelation shows the relationship between Cambiar International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Cambiar International Equity.
Regressed Prices |
| Timeline |
Pair Trading with Cambiar International
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cambiar International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cambiar International will appreciate offsetting losses from the drop in the long position's value.Moving together with Cambiar Mutual Fund
| 0.95 | CAMWX | Cambiar Opportunity | PairCorr |
| 0.84 | CAMUX | Cambiar Smid | PairCorr |
The ability to find closely correlated positions to Cambiar International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cambiar International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cambiar International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cambiar International Equity to buy it.
The correlation of Cambiar International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cambiar International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cambiar International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cambiar International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Cambiar International Correlation, Cambiar International Volatility and Cambiar International Alpha and Beta module to complement your research on Cambiar International. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Cambiar International technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.