Causeway Emerging Markets Fund Market Value
| CEMVX Fund | USD 11.44 0.05 0.44% |
| Symbol | Causeway |
Causeway Emerging '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 Causeway Emerging'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 Causeway Emerging.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Causeway Emerging on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Causeway Emerging Markets or generate 0.0% return on investment in Causeway Emerging over 720 days. Causeway Emerging is related to or competes with Vanguard Emerging, Vanguard Emerging, Vanguard Emerging, Vanguard Emerging, American Funds, American Funds, and New World. The fund normally invests at least 80 percent of its total assets in equity securities of companies in emerging markets ... More
Causeway Emerging 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 Causeway Emerging'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 Causeway Emerging Markets upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 5.4 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 1.58 |
Causeway Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Causeway Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Causeway Emerging's standard deviation. In reality, there are many statistical measures that can use Causeway Emerging historical prices to predict the future Causeway Emerging's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Causeway Emerging'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.
Causeway Emerging Markets Backtested Returns
At this stage we consider Causeway Mutual Fund to be very steady. Causeway Emerging Markets secures Sharpe Ratio (or Efficiency) of 0.0209, which signifies that the fund had a 0.0209% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Causeway Emerging Markets, which you can use to evaluate the volatility of the entity. Please confirm Causeway Emerging's Mean Deviation of 0.8027, standard deviation of 1.07, and insignificant Risk Adjusted Performance to double-check if the risk estimate we provide is consistent with the expected return of 0.0219%. The fund shows a Beta (market volatility) of 0.43, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Causeway Emerging's returns are expected to increase less than the market. However, during the bear market, the loss of holding Causeway Emerging is expected to be smaller as well.
Auto-correlation | 0.49 |
Average predictability
Causeway Emerging Markets has average predictability. Overlapping area represents the amount of predictability between Causeway Emerging time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 Causeway Emerging Markets price movement. The serial correlation of 0.49 indicates that about 49.0% of current Causeway Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.57 |
Causeway Emerging Markets lagged returns against current returns
Autocorrelation, which is Causeway Emerging 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 Causeway Emerging's mutual fund expected returns. We can calculate the autocorrelation of Causeway Emerging returns to help us make a trade decision. For example, suppose you find that Causeway Emerging 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 |
Causeway Emerging 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 Causeway Emerging mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Causeway Emerging mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Causeway Emerging mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Causeway Emerging Lagged Returns
When evaluating Causeway Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Causeway Emerging mutual fund have on its future price. Causeway Emerging 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, Causeway Emerging autocorrelation shows the relationship between Causeway Emerging mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Causeway Emerging Markets.
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 Causeway Mutual Fund
Causeway Emerging financial ratios help investors to determine whether Causeway 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 Causeway with respect to the benefits of owning Causeway Emerging security.
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