Select International Equity Fund Market Value
| RTITX Fund | USD 10.21 0.01 0.1% |
| Symbol | Select |
Select 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 Select 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 Select International.
| 04/24/2023 |
| 04/18/2024 |
If you would invest 0.00 in Select International on April 24, 2023 and sell it all today you would earn a total of 0.00 from holding Select International Equity or generate 0.0% return on investment in Select International over 360 days. Select International is related to or competes with Wasatch E, Tcw E, Tcw Relative, Amg Managers, and Pax High. The fund has a non-fundamental policy to invest, under normal circumstances, at least 80 percent of the value of its net... More
Select 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 Select 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 Select International Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7075 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 2.69 | |||
| Value At Risk | (1.04) | |||
| Potential Upside | 1.08 |
Select International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Select International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Select International's standard deviation. In reality, there are many statistical measures that can use Select International historical prices to predict the future Select International's volatility.| Risk Adjusted Performance | 0.0398 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0347 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Select 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.
Select International Backtested Returns
We consider Select International very steady. Select International owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the fund had a 0.1% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Select International Equity, which you can use to evaluate the volatility of the fund. Please validate Select International's Semi Deviation of 0.5919, risk adjusted performance of 0.0398, and Coefficient Of Variation of 1580.47 to confirm if the risk estimate we provide is consistent with the expected return of 0.062%. The entity has a beta of 0.85, which indicates possible diversification benefits within a given portfolio. Select International returns are very sensitive to returns on the market. As the market goes up or down, Select International is expected to follow.
Auto-correlation | -0.37 |
Poor reverse predictability
Select International Equity has poor reverse predictability. Overlapping area represents the amount of predictability between Select International time series from 24th of April 2023 to 21st of October 2023 and 21st of October 2023 to 18th 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 Select International price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Select International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Select International lagged returns against current returns
Autocorrelation, which is Select 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 Select International's mutual fund expected returns. We can calculate the autocorrelation of Select International returns to help us make a trade decision. For example, suppose you find that Select 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 |
Select 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 Select International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Select 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 Select International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Select International Lagged Returns
When evaluating Select International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Select International mutual fund have on its future price. Select 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, Select International autocorrelation shows the relationship between Select International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Select International Equity.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Select International Correlation, Select International Volatility and Select International Alpha and Beta module to complement your research on Select International. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Select 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.