Sextant Global High Fund Market Value
| SGHIX Fund | USD 10.37 0.03 0.29% |
| Symbol | Sextant |
Sextant 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 Sextant 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 Sextant Global.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Sextant Global on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Sextant Global High or generate 0.0% return on investment in Sextant Global over 30 days. Sextant Global is related to or competes with Sextant Growth, Sextant International, Sextant Bond, Sextant Short, Sextant E, Sextant Growth, and Sextant International. The fund invests at least 80 percent of its net assets in a globally diversified portfolio of income-producing debt and ... More
Sextant 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 Sextant 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 Sextant Global High upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5779 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 1.55 | |||
| Value At Risk | (0.88) | |||
| Potential Upside | 0.4955 |
Sextant Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sextant Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sextant Global's standard deviation. In reality, there are many statistical measures that can use Sextant Global historical prices to predict the future Sextant Global's volatility.| Risk Adjusted Performance | 0.0117 | |||
| Jensen Alpha | 5.0E-4 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | 0.0997 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sextant 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.
Sextant Global High Backtested Returns
We consider Sextant Global very steady. Sextant Global High owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0939, which indicates the fund had a 0.0939% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Sextant Global High, which you can use to evaluate the volatility of the fund. Please validate Sextant Global's Coefficient Of Variation of 3675.14, semi deviation of 0.4678, and Risk Adjusted Performance of 0.0117 to confirm if the risk estimate we provide is consistent with the expected return of 0.0363%. The entity has a beta of 0.0112, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sextant Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sextant Global is expected to be smaller as well.
Auto-correlation | -0.79 |
Almost perfect reverse predictability
Sextant Global High has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Sextant Global time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Sextant Global High price movement. The serial correlation of -0.79 indicates that around 79.0% of current Sextant Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.79 | |
| Spearman Rank Test | -0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Sextant Global High lagged returns against current returns
Autocorrelation, which is Sextant 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 Sextant Global's mutual fund expected returns. We can calculate the autocorrelation of Sextant Global returns to help us make a trade decision. For example, suppose you find that Sextant 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 |
Sextant 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 Sextant Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sextant 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 Sextant Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Sextant Global Lagged Returns
When evaluating Sextant Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sextant Global mutual fund have on its future price. Sextant 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, Sextant Global autocorrelation shows the relationship between Sextant Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sextant Global High.
Regressed Prices |
| Timeline |
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Check out Sextant Global Correlation, Sextant Global Volatility and Sextant Global Alpha and Beta module to complement your research on Sextant Global. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Sextant 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.