Steward Global Equity Fund Market Value
| SGIFX Fund | USD 34.00 0.04 0.12% |
| Symbol | Steward |
Steward Global '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 Steward Global'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 Steward Global.
| 05/01/2023 |
| 04/25/2024 |
If you would invest 0.00 in Steward Global on May 1, 2023 and sell it all today you would earn a total of 0.00 from holding Steward Global Equity or generate 0.0% return on investment in Steward Global over 360 days. Steward Global is related to or competes with Retirement Living, and Sa Worldwide. The fund invests in U.S. and non-U.S. dividend-paying stocks that have demonstrated above-median yield and a positive tr... More
Steward Global 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 Steward Global'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 Steward Global Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8029 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 3.27 | |||
| Value At Risk | (1.14) | |||
| Potential Upside | 1.3 |
Steward Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Steward Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Steward Global's standard deviation. In reality, there are many statistical measures that can use Steward Global historical prices to predict the future Steward Global's volatility.| Risk Adjusted Performance | 0.0426 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0354 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Steward Global'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.
Steward Global Equity Backtested Returns
We consider Steward Global very steady. Steward Global Equity owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0594, which indicates the fund had a 0.0594% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Steward Global Equity, which you can use to evaluate the volatility of the fund. Please validate Steward Global's Coefficient Of Variation of 1516.91, semi deviation of 0.7296, and Risk Adjusted Performance of 0.0426 to confirm if the risk estimate we provide is consistent with the expected return of 0.0446%. The entity has a beta of 1.09, which indicates a somewhat significant risk relative to the market. Steward Global returns are very sensitive to returns on the market. As the market goes up or down, Steward Global is expected to follow.
Auto-correlation | 0.18 |
Very weak predictability
Steward Global Equity has very weak predictability. Overlapping area represents the amount of predictability between Steward Global time series from 1st of May 2023 to 28th of October 2023 and 28th of October 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 Steward Global Equity price movement. The serial correlation of 0.18 indicates that over 18.0% of current Steward Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 2.68 |
Steward Global Equity lagged returns against current returns
Autocorrelation, which is Steward Global 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 Steward Global's mutual fund expected returns. We can calculate the autocorrelation of Steward Global returns to help us make a trade decision. For example, suppose you find that Steward Global 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 |
Steward Global 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 Steward Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Steward Global mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Steward Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Steward Global Lagged Returns
When evaluating Steward Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Steward Global mutual fund have on its future price. Steward Global 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, Steward Global autocorrelation shows the relationship between Steward Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Steward Global Equity.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Steward Global Correlation, Steward Global Volatility and Steward Global Alpha and Beta module to complement your research on Steward Global. Note that the Steward Global Equity information on this page should be used as a complementary analysis to other Steward Global'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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Steward Global 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.