International Developed Markets Fund Market Value
| RLNAX Fund | USD 41.48 0.20 0.48% |
| Symbol | International |
International Developed '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 Developed'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 Developed.
| 04/27/2022 |
| 04/16/2024 |
If you would invest 0.00 in International Developed on April 27, 2022 and sell it all today you would earn a total of 0.00 from holding International Developed Markets or generate 0.0% return on investment in International Developed over 720 days. International Developed is related to or competes with Global Real, Global Real, Global Real, Global Real, Global Real, Growth Strategy, and Growth Strategy. The fund has a non-fundamental policy to invest, under normal circumstances, at least 80 percent of the value of its net... More
International Developed 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 Developed'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 Developed Markets upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6832 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 2.74 | |||
| Value At Risk | (1.25) | |||
| Potential Upside | 0.9411 |
International Developed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for International Developed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as International Developed's standard deviation. In reality, there are many statistical measures that can use International Developed historical prices to predict the future International Developed's volatility.| Risk Adjusted Performance | 0.0315 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.025 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of International Developed'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 Developed Backtested Returns
We consider International Developed very steady. International Developed holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for International Developed, which you can use to evaluate the volatility of the entity. Please check out International Developed's Downside Deviation of 0.6832, market risk adjusted performance of 0.035, and Risk Adjusted Performance of 0.0315 to validate if the risk estimate we provide is consistent with the expected return of 0.0655%. The fund retains a Market Volatility (i.e., Beta) of 0.8, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, International Developed's returns are expected to increase less than the market. However, during the bear market, the loss of holding International Developed is expected to be smaller as well.
Auto-correlation | 0.71 |
Good predictability
International Developed Markets has good predictability. Overlapping area represents the amount of predictability between International Developed time series from 27th of April 2022 to 22nd of April 2023 and 22nd of April 2023 to 16th 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 Developed price movement. The serial correlation of 0.71 indicates that around 71.0% of current International Developed price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 2.77 |
International Developed lagged returns against current returns
Autocorrelation, which is International Developed 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 Developed's mutual fund expected returns. We can calculate the autocorrelation of International Developed returns to help us make a trade decision. For example, suppose you find that International Developed 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 Developed 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 Developed mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if International Developed 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 Developed mutual fund over time.
Current vs Lagged Prices |
| Timeline |
International Developed Lagged Returns
When evaluating International Developed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of International Developed mutual fund have on its future price. International Developed 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 Developed autocorrelation shows the relationship between International Developed mutual fund current value and its past values and can show if there is a momentum factor associated with investing in International Developed Markets.
Regressed Prices |
| Timeline |
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Check out International Developed Correlation, International Developed Volatility and International Developed Alpha and Beta module to complement your research on International Developed. Note that the International Developed information on this page should be used as a complementary analysis to other International Developed'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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
International Developed 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.