Stewart Global Equity Fund Market Value
| SGISX Fund | USD 31.74 0.09 0.28% |
| Symbol | Stewart |
Stewart Global '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 Stewart Global'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 Stewart Global.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Stewart Global on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Stewart Global Equity or generate 0.0% return on investment in Stewart Global over 30 days. Stewart Global is related to or competes with Steward Large, Steward Small, Ave Maria, and Ave Maria. The fund invests in U.S. and non-U.S. dividend-paying stocks that have demonstrated above-median yield and a positive tr... More
Stewart Global 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 Stewart Global'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 Stewart Global Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.811 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 3.29 | |||
| Value At Risk | (1.11) | |||
| Potential Upside | 1.3 |
Stewart Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Stewart Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Stewart Global's standard deviation. In reality, there are many statistical measures that can use Stewart Global historical prices to predict the future Stewart Global's volatility.| Risk Adjusted Performance | 0.0365 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0285 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Stewart Global'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.
Stewart Global Equity Backtested Returns
We consider Stewart Global very steady. Stewart Global Equity owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0405, which indicates the fund had a 0.0405% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Stewart Global Equity, which you can use to evaluate the volatility of the fund. Please validate Stewart Global's Risk Adjusted Performance of 0.0365, coefficient of variation of 1776.87, and Semi Deviation of 0.7422 to confirm if the risk estimate we provide is consistent with the expected return of 0.0299%. The entity has a beta of 1.12, which indicates a somewhat significant risk relative to the market. Stewart Global returns are very sensitive to returns on the market. As the market goes up or down, Stewart Global is expected to follow.
Auto-correlation | 0.09 |
Virtually no predictability
Stewart Global Equity has virtually no predictability. Overlapping area represents the amount of predictability between Stewart Global 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 Stewart Global Equity price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Stewart Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.4 |
Stewart Global Equity lagged returns against current returns
Autocorrelation, which is Stewart Global 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 Stewart Global's mutual fund expected returns. We can calculate the autocorrelation of Stewart Global returns to help us make a trade decision. For example, suppose you find that Stewart Global 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 |
Stewart Global 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 Stewart Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Stewart Global mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Stewart Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Stewart Global Lagged Returns
When evaluating Stewart Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Stewart Global mutual fund have on its future price. Stewart Global 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, Stewart Global autocorrelation shows the relationship between Stewart Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Stewart Global Equity.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Stewart Global in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Stewart Global's short interest history, or implied volatility extrapolated from Stewart Global options trading.
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Check out Stewart Global Correlation, Stewart Global Volatility and Stewart Global Alpha and Beta module to complement your research on Stewart Global. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Stewart Global 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.