Steward International Enhanced Fund Market Value
SNTCX Fund | USD 23.71 0.21 0.88% |
Symbol | Steward |
Steward International '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 International'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 International.
04/28/2022 |
| 04/17/2024 |
If you would invest 0.00 in Steward International on April 28, 2022 and sell it all today you would earn a total of 0.00 from holding Steward International Enhanced or generate 0.0% return on investment in Steward International over 720 days. Steward International is related to or competes with Steward Small-mid, Steward Small-mid, Steward Small, Steward Covered, Steward Covered, Steward Ered, and Steward Covered. The advisor pursues its objective by seeking to enhance its performance over that of its primary benchmark index by 1 ch... More
Steward International 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 International'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 International Enhanced upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.8358 | |||
Information Ratio | 0.0112 | |||
Maximum Drawdown | 3.66 | |||
Value At Risk | (1.09) | |||
Potential Upside | 1.39 |
Steward International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Steward International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Steward International's standard deviation. In reality, there are many statistical measures that can use Steward International historical prices to predict the future Steward International's volatility.Risk Adjusted Performance | 0.054 | |||
Jensen Alpha | 0.004 | |||
Total Risk Alpha | (0.01) | |||
Sortino Ratio | 0.011 | |||
Treynor Ratio | 0.0516 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Steward International'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 International Backtested Returns
We consider Steward International very steady. Steward International owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the fund had a 0.11% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Steward International Enhanced, which you can use to evaluate the volatility of the fund. Please validate Steward International's Coefficient Of Variation of 1219.89, risk adjusted performance of 0.054, and Semi Deviation of 0.7257 to confirm if the risk estimate we provide is consistent with the expected return of 0.0834%. The entity has a beta of 1.11, which indicates a somewhat significant risk relative to the market. Steward International returns are very sensitive to returns on the market. As the market goes up or down, Steward International is expected to follow.
Auto-correlation | 0.62 |
Good predictability
Steward International Enhanced has good predictability. Overlapping area represents the amount of predictability between Steward International time series from 28th of April 2022 to 23rd of April 2023 and 23rd of April 2023 to 17th 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 International price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Steward International price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.62 | |
Spearman Rank Test | 0.44 | |
Residual Average | 0.0 | |
Price Variance | 1.43 |
Steward International lagged returns against current returns
Autocorrelation, which is Steward International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Steward International returns to help us make a trade decision. For example, suppose you find that Steward International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Steward International 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 International mutual fund over time.
Current vs Lagged Prices |
Timeline |
Steward International Lagged Returns
When evaluating Steward International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Steward International mutual fund have on its future price. Steward International 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 International autocorrelation shows the relationship between Steward International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Steward International Enhanced.
Regressed Prices |
Timeline |
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Check out Steward International Correlation, Steward International Volatility and Steward International Alpha and Beta module to complement your research on Steward International. Note that the Steward International information on this page should be used as a complementary analysis to other Steward International'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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Steward International 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.