International Advantage Portfolio Fund Market Value
| MSALX Fund | USD 20.93 0.26 1.23% |
| Symbol | International |
International Advantage '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 Advantage'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 Advantage.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in International Advantage on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding International Advantage Portfolio or generate 0.0% return on investment in International Advantage over 30 days. International Advantage is related to or competes with Fidelity Small, Fidelity Advisor, Morningstar Unconstrained, High Yield, Thrivent High, Via Renewables, and T Rowe. The fund invests primarily in established companies on an international basis, with capitalizations within the range of ... More
International Advantage 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 Advantage'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 Advantage Portfolio upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8625 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 4.73 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 1.68 |
International Advantage Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for International Advantage's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as International Advantage's standard deviation. In reality, there are many statistical measures that can use International Advantage historical prices to predict the future International Advantage's volatility.| Risk Adjusted Performance | 0.05 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.048 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of International Advantage'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 Advantage Backtested Returns
We consider International Advantage very steady. International Advantage holds Efficiency (Sharpe) Ratio of 2.0E-4, which attests that the entity had a 2.0E-4% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for International Advantage, which you can use to evaluate the volatility of the entity. Please check out International Advantage's Market Risk Adjusted Performance of 0.058, downside deviation of 0.8625, and Risk Adjusted Performance of 0.05 to validate if the risk estimate we provide is consistent with the expected return of 2.0E-4%. The fund retains a Market Volatility (i.e., Beta) of 1.31, which attests to 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, International Advantage will likely underperform.
Auto-correlation | 0.43 |
Average predictability
International Advantage Portfolio has average predictability. Overlapping area represents the amount of predictability between International Advantage time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 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 International Advantage price movement. The serial correlation of 0.43 indicates that just about 43.0% of current International Advantage price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
International Advantage lagged returns against current returns
Autocorrelation, which is International Advantage 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 Advantage's mutual fund expected returns. We can calculate the autocorrelation of International Advantage returns to help us make a trade decision. For example, suppose you find that International Advantage 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 Advantage 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 Advantage mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if International Advantage 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 Advantage mutual fund over time.
Current vs Lagged Prices |
| Timeline |
International Advantage Lagged Returns
When evaluating International Advantage's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of International Advantage mutual fund have on its future price. International Advantage 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 Advantage autocorrelation shows the relationship between International Advantage mutual fund current value and its past values and can show if there is a momentum factor associated with investing in International Advantage Portfolio.
Regressed Prices |
| Timeline |
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International Advantage 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.