Crossmark Steward Equity Fund Market Value
| SMNIX Fund | USD 29.71 0.04 0.13% |
| Symbol | Crossmark |
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.
| 04/27/2024 |
| 07/26/2024 |
If you would invest 0.00 in Crossmark Steward on April 27, 2024 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 90 days. Crossmark Steward is related to or competes with Morningstar Unconstrained, Thrivent High, High-yield Municipal, Via Renewables, T Rowe, Jpmorgan Smartretirement*, and 70082LAB3. 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.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 2.86 | |||
| Value At Risk | (0.85) | |||
| Potential Upside | 1.09 |
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.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | 0.002 | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | 0.0492 |
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.
Crossmark Steward Equity Backtested Returns
At this stage we consider Crossmark Mutual Fund to be very steady. Crossmark Steward Equity secures Sharpe Ratio (or Efficiency) of 0.0264, which signifies that the fund had a 0.0264% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Crossmark Steward Equity, which you can use to evaluate the volatility of the entity. Please confirm Crossmark Steward's Standard Deviation of 0.5436, insignificant risk adjusted performance, and Mean Deviation of 0.3885 to double-check if the risk estimate we provide is consistent with the expected return of 0.0149%. The fund shows a Beta (market volatility) of -0.23, which signifies not very significant fluctuations relative to the market. 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.
Auto-correlation | -0.22 |
Weak reverse predictability
Crossmark Steward Equity has weak reverse predictability. Overlapping area represents the amount of predictability between Crossmark Steward time series from 27th of April 2024 to 11th of June 2024 and 11th of June 2024 to 26th of July 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 -0.22 indicates that over 22.0% of current Crossmark Steward price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
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 |
| Timeline |
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 |
| Timeline |
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 |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Crossmark Mutual Fund
Crossmark Steward financial ratios help investors to determine whether Crossmark Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Crossmark with respect to the benefits of owning Crossmark Steward security.
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