International Growth Fund Market Value
| TWIEX Fund | USD 12.76 0.11 0.87% |
| Symbol | International |
International Growth '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 Growth'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 Growth.
| 03/04/2024 |
| 06/02/2024 |
If you would invest 0.00 in International Growth on March 4, 2024 and sell it all today you would earn a total of 0.00 from holding International Growth Fund or generate 0.0% return on investment in International Growth over 90 days. International Growth is related to or competes with Value Fund, Ultra Fund, Growth Fund, Income Growth, and Select Fund. The fund invests primarily in securities of companies located in at least three developed countries world-wide More
International Growth 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 Growth'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 Growth Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.75 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.56 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 1.3 |
International Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for International Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as International Growth's standard deviation. In reality, there are many statistical measures that can use International Growth historical prices to predict the future International Growth's volatility.| Risk Adjusted Performance | 0.0311 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0252 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of International Growth'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 Growth Backtested Returns
We consider International Growth very steady. International Growth holds Efficiency (Sharpe) Ratio of 0.0163, which attests that the entity had a 0.0163% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for International Growth, which you can use to evaluate the volatility of the entity. Please check out International Growth's Risk Adjusted Performance of 0.0311, downside deviation of 0.75, and Market Risk Adjusted Performance of 0.0352 to validate if the risk estimate we provide is consistent with the expected return of 0.0129%. The fund retains a Market Volatility (i.e., Beta) of 1.06, which attests to a somewhat significant risk relative to the market. International Growth returns are very sensitive to returns on the market. As the market goes up or down, International Growth is expected to follow.
Auto-correlation | -0.29 |
Weak reverse predictability
International Growth Fund has weak reverse predictability. Overlapping area represents the amount of predictability between International Growth time series from 4th of March 2024 to 18th of April 2024 and 18th of April 2024 to 2nd of June 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 Growth price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current International Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
International Growth lagged returns against current returns
Autocorrelation, which is International Growth 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 Growth's mutual fund expected returns. We can calculate the autocorrelation of International Growth returns to help us make a trade decision. For example, suppose you find that International Growth 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 Growth 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 Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if International Growth 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 Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
International Growth Lagged Returns
When evaluating International Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of International Growth mutual fund have on its future price. International Growth 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 Growth autocorrelation shows the relationship between International Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in International Growth Fund.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out International Growth Correlation, International Growth Volatility and International Growth Alpha and Beta module to complement your research on International Growth. Note that the International Growth information on this page should be used as a complementary analysis to other International Growth'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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
International Growth 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.