Ssga International Stock Fund Market Value
| SSILX Fund | USD 11.37 0.01 0.09% |
| Symbol | Ssga |
Ssga 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 Ssga 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 Ssga International.
| 05/06/2022 |
| 04/25/2024 |
If you would invest 0.00 in Ssga International on May 6, 2022 and sell it all today you would earn a total of 0.00 from holding Ssga International Stock or generate 0.0% return on investment in Ssga International over 720 days. Ssga International is related to or competes with Siit Ultra, Ab Select, Calamos Phineus, Jhancock Short, Rbc Short, T Rowe, and Sirios Long/short. The fund will invest at least 80 percent of its net assets in equity securities of foreign issuers, such as common stock... More
Ssga 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 Ssga 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 Ssga International Stock upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6876 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 2.57 | |||
| Value At Risk | (1.19) | |||
| Potential Upside | 1.08 |
Ssga International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ssga International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ssga International's standard deviation. In reality, there are many statistical measures that can use Ssga International historical prices to predict the future Ssga International's volatility.| Risk Adjusted Performance | 0.083 | |||
| Jensen Alpha | 0.0707 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 1.32 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ssga 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.
Ssga International Stock Backtested Returns
We consider Ssga International very steady. Ssga International Stock owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the fund had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Ssga International Stock, which you can use to evaluate the volatility of the fund. Please validate Ssga International's Semi Deviation of 0.5356, risk adjusted performance of 0.083, and Coefficient Of Variation of 754.03 to confirm if the risk estimate we provide is consistent with the expected return of 0.0852%. The entity has a beta of 0.0569, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Ssga International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ssga International is expected to be smaller as well.
Auto-correlation | 0.68 |
Good predictability
Ssga International Stock has good predictability. Overlapping area represents the amount of predictability between Ssga International time series from 6th of May 2022 to 1st of May 2023 and 1st of May 2023 to 25th 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 Ssga International Stock price movement. The serial correlation of 0.68 indicates that around 68.0% of current Ssga International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Ssga International Stock lagged returns against current returns
Autocorrelation, which is Ssga 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 Ssga International's mutual fund expected returns. We can calculate the autocorrelation of Ssga International returns to help us make a trade decision. For example, suppose you find that Ssga 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 |
Ssga 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 Ssga International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ssga 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 Ssga International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ssga International Lagged Returns
When evaluating Ssga International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ssga International mutual fund have on its future price. Ssga 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, Ssga International autocorrelation shows the relationship between Ssga International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ssga International Stock.
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 Ssga International 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, Ssga International's short interest history, or implied volatility extrapolated from Ssga International options trading.
Currently Active Assets on Macroaxis
Check out Ssga International Correlation, Ssga International Volatility and Ssga International Alpha and Beta module to complement your research on Ssga International. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Ssga 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.