International Investors Gold Fund Market Value
| INIYX Fund | USD 10.64 0.08 0.76% |
| Symbol | International |
International Investors '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 International Investors' 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 International Investors.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in International Investors on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding International Investors Gold or generate 0.0% return on investment in International Investors over 30 days. International Investors is related to or competes with First Eagle, and Gold Portfolio. The fund normally invests at least 80 percent of its net assets in securities of companies principally engaged in gold-r... More
International Investors 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 International Investors' 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 International Investors Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.54 | |||
| Information Ratio | 0.0956 | |||
| Maximum Drawdown | 7.73 | |||
| Value At Risk | (2.39) | |||
| Potential Upside | 3.16 |
International Investors Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for International Investors' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as International Investors' standard deviation. In reality, there are many statistical measures that can use International Investors historical prices to predict the future International Investors' volatility.| Risk Adjusted Performance | 0.1016 | |||
| Jensen Alpha | 0.1374 | |||
| Total Risk Alpha | 0.0168 | |||
| Sortino Ratio | 0.1033 | |||
| Treynor Ratio | 0.1952 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of International Investors' 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.
International Investors Backtested Returns
International Investors appears to be not too volatile, given 3 months investment horizon. International Investors holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for International Investors, which you can use to evaluate the volatility of the entity. Please utilize International Investors' Market Risk Adjusted Performance of 0.2052, downside deviation of 1.54, and Risk Adjusted Performance of 0.1016 to validate if our risk estimates are consistent with your expectations. The fund retains a Market Volatility (i.e., Beta) of 1.25, 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, International Investors will likely underperform.
Auto-correlation | -0.58 |
Good reverse predictability
International Investors Gold has good reverse predictability. Overlapping area represents the amount of predictability between International Investors time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 International Investors price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current International Investors price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
International Investors lagged returns against current returns
Autocorrelation, which is International Investors 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 International Investors' mutual fund expected returns. We can calculate the autocorrelation of International Investors returns to help us make a trade decision. For example, suppose you find that International Investors 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 |
International Investors 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 International Investors mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if International Investors mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in International Investors mutual fund over time.
Current vs Lagged Prices |
| Timeline |
International Investors Lagged Returns
When evaluating International Investors' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of International Investors mutual fund have on its future price. International Investors 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, International Investors autocorrelation shows the relationship between International Investors mutual fund current value and its past values and can show if there is a momentum factor associated with investing in International Investors Gold.
Regressed Prices |
| Timeline |
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International Investors 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.