Overseas Fund R 4 Fund Market Value
| PINUX Fund | USD 10.59 0.08 0.76% |
| Symbol | Overseas |
Overseas Fund '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 Overseas Fund'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 Overseas Fund.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Overseas Fund on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Overseas Fund R 4 or generate 0.0% return on investment in Overseas Fund over 30 days. Overseas Fund is related to or competes with Dodge International, SCOR PK, Morningstar Unconstrained, SPACE, and Via Renewables. Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment p... More
Overseas Fund 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 Overseas Fund'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 Overseas Fund R 4 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6884 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 2.87 | |||
| Value At Risk | (0.96) | |||
| Potential Upside | 1.04 |
Overseas Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Overseas Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Overseas Fund's standard deviation. In reality, there are many statistical measures that can use Overseas Fund historical prices to predict the future Overseas Fund's volatility.| Risk Adjusted Performance | 0.0518 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0519 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Overseas Fund'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.
Overseas Fund R Backtested Returns
We consider Overseas Fund very steady. Overseas Fund R maintains Sharpe Ratio (i.e., Efficiency) of 0.0636, which implies the entity had a 0.0636% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Overseas Fund R, which you can use to evaluate the volatility of the fund. Please check Overseas Fund's Semi Deviation of 0.5772, risk adjusted performance of 0.0518, and Coefficient Of Variation of 1210.07 to confirm if the risk estimate we provide is consistent with the expected return of 0.0416%. The fund holds a Beta of 0.83, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Overseas Fund's returns are expected to increase less than the market. However, during the bear market, the loss of holding Overseas Fund is expected to be smaller as well.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Overseas Fund R 4 has insignificant reverse predictability. Overlapping area represents the amount of predictability between Overseas Fund 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 Overseas Fund R price movement. The serial correlation of -0.19 indicates that over 19.0% of current Overseas Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Overseas Fund R lagged returns against current returns
Autocorrelation, which is Overseas Fund 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 Overseas Fund's mutual fund expected returns. We can calculate the autocorrelation of Overseas Fund returns to help us make a trade decision. For example, suppose you find that Overseas Fund 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 |
Overseas Fund 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 Overseas Fund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Overseas Fund mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Overseas Fund mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Overseas Fund Lagged Returns
When evaluating Overseas Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Overseas Fund mutual fund have on its future price. Overseas Fund 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, Overseas Fund autocorrelation shows the relationship between Overseas Fund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Overseas Fund R 4.
Regressed Prices |
| Timeline |
Becoming a Better Investor with Macroaxis
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Check out Overseas Fund Correlation, Overseas Fund Volatility and Overseas Fund Alpha and Beta module to complement your research on Overseas Fund. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Overseas Fund 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.