Smead Value Fund Market Value
SVFAX Fund | USD 78.91 0.05 0.06% |
Symbol | Smead |
Smead Value '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 Smead Value'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 Smead Value.
03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Smead Value on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Smead Value Fund or generate 0.0% return on investment in Smead Value over 30 days. Smead Value is related to or competes with Matthew 25, Baron Real, Buffalo Emerging, Eventide Gilead, and Hodges Small. To achieve its investment objective, the fund will maintain approximately 25-30 companies in its portfolio and will inve... More
Smead Value 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 Smead Value'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 Smead Value Fund upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.9672 | |||
Information Ratio | 0.0316 | |||
Maximum Drawdown | 3.92 | |||
Value At Risk | (1.43) | |||
Potential Upside | 1.39 |
Smead Value Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Smead Value's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Smead Value's standard deviation. In reality, there are many statistical measures that can use Smead Value historical prices to predict the future Smead Value's volatility.Risk Adjusted Performance | 0.0714 | |||
Jensen Alpha | 0.0176 | |||
Total Risk Alpha | 0.0039 | |||
Sortino Ratio | 0.0283 | |||
Treynor Ratio | 0.0736 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Smead Value'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.
Smead Value Fund Backtested Returns
We consider Smead Value very steady. Smead Value Fund owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0889, which indicates the fund had a 0.0889% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Smead Value Fund, which you can use to evaluate the volatility of the fund. Please validate Smead Value's Coefficient Of Variation of 902.0, risk adjusted performance of 0.0714, and Semi Deviation of 0.8579 to confirm if the risk estimate we provide is consistent with the expected return of 0.0765%. The entity has a beta of 1.17, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Smead Value will likely underperform.
Auto-correlation | -0.24 |
Weak reverse predictability
Smead Value Fund has weak reverse predictability. Overlapping area represents the amount of predictability between Smead Value 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 Smead Value Fund price movement. The serial correlation of -0.24 indicates that over 24.0% of current Smead Value price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.24 | |
Spearman Rank Test | -0.64 | |
Residual Average | 0.0 | |
Price Variance | 2.33 |
Smead Value Fund lagged returns against current returns
Autocorrelation, which is Smead Value 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 Smead Value's mutual fund expected returns. We can calculate the autocorrelation of Smead Value returns to help us make a trade decision. For example, suppose you find that Smead Value 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 |
Smead Value 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 Smead Value mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Smead Value mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Smead Value mutual fund over time.
Current vs Lagged Prices |
Timeline |
Smead Value Lagged Returns
When evaluating Smead Value's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Smead Value mutual fund have on its future price. Smead Value 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, Smead Value autocorrelation shows the relationship between Smead Value mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Smead Value Fund.
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 Smead Value 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, Smead Value's short interest history, or implied volatility extrapolated from Smead Value options trading.
Currently Active Assets on Macroaxis
Check out Smead Value Correlation, Smead Value Volatility and Smead Value Alpha and Beta module to complement your research on Smead Value. Note that the Smead Value Fund information on this page should be used as a complementary analysis to other Smead Value'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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Smead Value 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.