International Emerging Markets Fund Market Value
| PIEJX Fund | USD 24.11 0.23 0.96% |
| Symbol | International |
International Emerging '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 Emerging'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 Emerging.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in International Emerging on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding International Emerging Markets or generate 0.0% return on investment in International Emerging over 30 days. International Emerging is related to or competes with Strategic Asset, Strategic Asset, Strategic Asset, Strategic Asset, Strategic Asset, International Equity, and Strategic Asset. The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity ... More
International Emerging 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 Emerging'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 Emerging Markets upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7482 | |||
| Information Ratio | 0.0078 | |||
| Maximum Drawdown | 3.91 | |||
| Value At Risk | (1.12) | |||
| Potential Upside | 1.17 |
International Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for International Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as International Emerging's standard deviation. In reality, there are many statistical measures that can use International Emerging historical prices to predict the future International Emerging's volatility.| Risk Adjusted Performance | 0.0844 | |||
| Jensen Alpha | 0.0256 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0073 | |||
| Treynor Ratio | 0.1136 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of International Emerging'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 Emerging Backtested Returns
We consider International Emerging very steady. International Emerging holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for International Emerging, which you can use to evaluate the volatility of the entity. Please check out International Emerging's Downside Deviation of 0.7482, market risk adjusted performance of 0.1236, and Risk Adjusted Performance of 0.0844 to validate if the risk estimate we provide is consistent with the expected return of 0.0763%. The fund retains a Market Volatility (i.e., Beta) of 0.75, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, International Emerging's returns are expected to increase less than the market. However, during the bear market, the loss of holding International Emerging is expected to be smaller as well.
Auto-correlation | -0.85 |
Excellent reverse predictability
International Emerging Markets has excellent reverse predictability. Overlapping area represents the amount of predictability between International Emerging time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Emerging price movement. The serial correlation of -0.85 indicates that around 85.0% of current International Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
International Emerging lagged returns against current returns
Autocorrelation, which is International Emerging 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 Emerging's mutual fund expected returns. We can calculate the autocorrelation of International Emerging returns to help us make a trade decision. For example, suppose you find that International Emerging 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 Emerging 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 Emerging mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if International Emerging 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 Emerging mutual fund over time.
Current vs Lagged Prices |
| Timeline |
International Emerging Lagged Returns
When evaluating International Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of International Emerging mutual fund have on its future price. International Emerging 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 Emerging autocorrelation shows the relationship between International Emerging mutual fund current value and its past values and can show if there is a momentum factor associated with investing in International Emerging Markets.
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 International Emerging 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, International Emerging's short interest history, or implied volatility extrapolated from International Emerging options trading.
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Check out International Emerging Correlation, International Emerging Volatility and International Emerging Alpha and Beta module to complement your research on International Emerging. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
International Emerging 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.