Selected International Fund Market Value
| SLSDX Fund | USD 11.01 0.01 0.09% |
| Symbol | Selected |
Selected 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 Selected 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 Selected International.
| 03/27/2024 |
| 04/26/2024 |
If you would invest 0.00 in Selected International on March 27, 2024 and sell it all today you would earn a total of 0.00 from holding Selected International Fund or generate 0.0% return on investment in Selected International over 30 days. Selected International is related to or competes with Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Developed, Vanguard Developed, and Vanguard Developed. The fund invests principally in common stocks issued by foreign companies, including countries with developed or emergin... More
Selected 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 Selected 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 Selected International Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.05 | |||
| Information Ratio | 0.0987 | |||
| Maximum Drawdown | 4.65 | |||
| Value At Risk | (1.50) | |||
| Potential Upside | 1.77 |
Selected International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Selected International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Selected International's standard deviation. In reality, there are many statistical measures that can use Selected International historical prices to predict the future Selected International's volatility.| Risk Adjusted Performance | 0.1203 | |||
| Jensen Alpha | 0.1641 | |||
| Total Risk Alpha | 0.0505 | |||
| Sortino Ratio | 0.0952 | |||
| Treynor Ratio | 0.9295 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Selected 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.
Selected International Backtested Returns
We consider Selected International very steady. Selected International owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the fund had a 0.17% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Selected International Fund, which you can use to evaluate the volatility of the fund. Please validate Selected International's Semi Deviation of 0.8491, coefficient of variation of 535.98, and Risk Adjusted Performance of 0.1203 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. The entity has a beta of 0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Selected International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Selected International is expected to be smaller as well.
Auto-correlation | 0.04 |
Virtually no predictability
Selected International Fund has virtually no predictability. Overlapping area represents the amount of predictability between Selected International time series from 27th of March 2024 to 11th of April 2024 and 11th of April 2024 to 26th 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 Selected International price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Selected International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Selected International lagged returns against current returns
Autocorrelation, which is Selected 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 Selected International's mutual fund expected returns. We can calculate the autocorrelation of Selected International returns to help us make a trade decision. For example, suppose you find that Selected 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 |
Selected 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 Selected International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Selected 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 Selected International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Selected International Lagged Returns
When evaluating Selected International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Selected International mutual fund have on its future price. Selected 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, Selected International autocorrelation shows the relationship between Selected International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Selected International Fund.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Selected International Correlation, Selected International Volatility and Selected International Alpha and Beta module to complement your research on Selected International. Note that the Selected International information on this page should be used as a complementary analysis to other Selected International's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Selected 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.