Crossmark Steward Equity Fund Market Value

SMNIX Fund  USD 29.70  0.16  0.54%   
Crossmark Steward's market value is the price at which a share of Crossmark Steward trades on a public exchange. It measures the collective expectations of Crossmark Steward Equity investors about its performance. Crossmark Steward is trading at 29.70 as of the 16th of April 2024; that is 0.54% increase since the beginning of the trading day. The fund's open price was 29.54.
With this module, you can estimate the performance of a buy and hold strategy of Crossmark Steward Equity and determine expected loss or profit from investing in Crossmark Steward over a given investment horizon. Check out Crossmark Steward Correlation, Crossmark Steward Volatility and Crossmark Steward Alpha and Beta module to complement your research on Crossmark Steward.

Please note, there is a significant difference between Crossmark Steward's value and its price as these two are different measures arrived at by different means. Investors typically determine if Crossmark Steward is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Crossmark Steward's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Crossmark Steward '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 Crossmark Steward'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 Crossmark Steward.
No Change 0.00  0.0 
In 1 year 11 months and 21 days
If you would invest  0.00  in Crossmark Steward on April 27, 2022 and sell it all today you would earn a total of 0.00 from holding Crossmark Steward Equity or generate 0.0% return on investment in Crossmark Steward over 720 days. Crossmark Steward is related to or competes with Steward Small, Steward Covered, Steward Covered, Steward Covered, Steward Select, Steward Select, and Steward Large. Under normal market conditions, the fund invests at least 80 percent of its assets in equity securities More

Crossmark Steward 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 Crossmark Steward'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 Crossmark Steward Equity upside and downside potential and time the market with a certain degree of confidence.

Crossmark Steward Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Crossmark Steward's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Crossmark Steward's standard deviation. In reality, there are many statistical measures that can use Crossmark Steward historical prices to predict the future Crossmark Steward's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Crossmark Steward'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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Crossmark Steward. Your research has to be compared to or analyzed against Crossmark Steward's peers to derive any actionable benefits. When done correctly, Crossmark Steward's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Crossmark Steward Equity.

Crossmark Steward Equity Backtested Returns

We consider Crossmark Steward very steady. Crossmark Steward Equity secures Sharpe Ratio (or Efficiency) of 0.0853, which signifies that the fund had a 0.0853% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Crossmark Steward Equity, which you can use to evaluate the volatility of the entity. Please confirm Crossmark Steward's Downside Deviation of 0.5834, risk adjusted performance of 0.0917, and Mean Deviation of 0.4618 to double-check if the risk estimate we provide is consistent with the expected return of 0.0478%. The fund shows a Beta (market volatility) of -0.36, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Crossmark Steward are expected to decrease at a much lower rate. During the bear market, Crossmark Steward is likely to outperform the market.



Modest predictability

Crossmark Steward Equity has modest predictability. Overlapping area represents the amount of predictability between Crossmark Steward 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 Crossmark Steward Equity price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Crossmark Steward price fluctuation can be explain by its past prices.
Correlation Coefficient0.57
Spearman Rank Test0.58
Residual Average0.0
Price Variance1.37

Crossmark Steward Equity lagged returns against current returns

Autocorrelation, which is Crossmark Steward 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 Crossmark Steward's mutual fund expected returns. We can calculate the autocorrelation of Crossmark Steward returns to help us make a trade decision. For example, suppose you find that Crossmark Steward 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   

Crossmark Steward 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 Crossmark Steward mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Crossmark Steward mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Crossmark Steward mutual fund over time.
   Current vs Lagged Prices   

Crossmark Steward Lagged Returns

When evaluating Crossmark Steward's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Crossmark Steward mutual fund have on its future price. Crossmark Steward 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, Crossmark Steward autocorrelation shows the relationship between Crossmark Steward mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Crossmark Steward Equity.
   Regressed Prices   

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 Crossmark Steward 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, Crossmark Steward's short interest history, or implied volatility extrapolated from Crossmark Steward options trading.

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Check out Crossmark Steward Correlation, Crossmark Steward Volatility and Crossmark Steward Alpha and Beta module to complement your research on Crossmark Steward.
You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Crossmark Steward 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.
A focus of Crossmark Steward technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Crossmark Steward trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...