International Strategic Equities Fund Market Value
| STEYX Fund | USD 12.90 0.08 0.62% |
| Symbol | International |
International Strategic '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 Strategic'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 International Strategic.
| 04/07/2024 |
| 05/07/2024 |
If you would invest 0.00 in International Strategic on April 7, 2024 and sell it all today you would earn a total of 0.00 from holding International Strategic Equities or generate 0.0% return on investment in International Strategic over 30 days. International Strategic is related to or competes with Ab Global, Ab Global, Ab Global, Ab Minnesota, Ab Minnesota, Ab All, and Ab All. The Portfolio invests, under normal circumstances, at least 80 percent of its net assets in equity securities or other s... More
International Strategic 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 Strategic'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 International Strategic Equities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7175 | |||
| Information Ratio | 0.0966 | |||
| Maximum Drawdown | 3.56 | |||
| Value At Risk | (1.15) | |||
| Potential Upside | 1.37 |
International Strategic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for International Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as International Strategic's standard deviation. In reality, there are many statistical measures that can use International Strategic historical prices to predict the future International Strategic's volatility.| Risk Adjusted Performance | 0.1222 | |||
| Jensen Alpha | 0.1306 | |||
| Total Risk Alpha | 0.0591 | |||
| Sortino Ratio | 0.1057 | |||
| Treynor Ratio | 0.8785 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of International Strategic'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.
International Strategic Backtested Returns
We consider International Strategic very steady. International Strategic 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-eight technical indicators for International Strategic, which you can use to evaluate the volatility of the entity. Please check out International Strategic's Market Risk Adjusted Performance of 0.8885, downside deviation of 0.7175, and Risk Adjusted Performance of 0.1222 to validate if the risk estimate we provide is consistent with the expected return of 0.12%. The fund retains a Market Volatility (i.e., Beta) of 0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, International Strategic's returns are expected to increase less than the market. However, during the bear market, the loss of holding International Strategic is expected to be smaller as well.
Auto-correlation | -0.45 |
Modest reverse predictability
International Strategic Equities has modest reverse predictability. Overlapping area represents the amount of predictability between International Strategic time series from 7th of April 2024 to 22nd of April 2024 and 22nd of April 2024 to 7th of May 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 Strategic price movement. The serial correlation of -0.45 indicates that just about 45.0% of current International Strategic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
International Strategic lagged returns against current returns
Autocorrelation, which is International Strategic 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 Strategic's mutual fund expected returns. We can calculate the autocorrelation of International Strategic returns to help us make a trade decision. For example, suppose you find that International Strategic 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 Strategic 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 Strategic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if International Strategic 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 Strategic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
International Strategic Lagged Returns
When evaluating International Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of International Strategic mutual fund have on its future price. International Strategic 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 Strategic autocorrelation shows the relationship between International Strategic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in International Strategic Equities.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out International Strategic Correlation, International Strategic Volatility and International Strategic Alpha and Beta module to complement your research on International Strategic. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
International Strategic 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.