Elfun International Equity Fund Market Value
| EGLBX Fund | USD 26.15 0.35 1.36% |
| Symbol | Elfun |
Elfun 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 Elfun 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 Elfun International.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Elfun International on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Elfun International Equity or generate 0.0% return on investment in Elfun International over 90 days. Elfun International is related to or competes with Hunter Small, Glg Intl, Transamerica International, Old Westbury, Ab Small, Franklin Small, and Siit Small. The fund seeks to achieve its investment objectives by investing at least 80 percent of its net assets under normal circ... More
Elfun 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 Elfun 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 Elfun International Equity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.124 | |||
| Maximum Drawdown | 5.18 | |||
| Value At Risk | (1.64) | |||
| Potential Upside | 1.38 |
Elfun International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elfun International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elfun International's standard deviation. In reality, there are many statistical measures that can use Elfun International historical prices to predict the future Elfun International's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | 0.1559 | |||
| Treynor Ratio | 0.7109 |
Elfun International Backtested Returns
At this stage we consider Elfun Mutual Fund to be very steady. Elfun International secures Sharpe Ratio (or Efficiency) of close to zero, which denotes the fund had a close to zero % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Elfun International Equity, which you can use to evaluate the volatility of the entity. Please confirm Elfun International's Variance of 1.04, standard deviation of 1.02, and Mean Deviation of 0.7245 to check if the risk estimate we provide is consistent with the expected return of 0.0037%. The fund shows a Beta (market volatility) of -0.0223, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Elfun International are expected to decrease at a much lower rate. During the bear market, Elfun International is likely to outperform the market.
Auto-correlation | -0.23 |
Weak reverse predictability
Elfun International Equity has weak reverse predictability. Overlapping area represents the amount of predictability between Elfun International time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Elfun International price movement. The serial correlation of -0.23 indicates that over 23.0% of current Elfun International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Elfun International lagged returns against current returns
Autocorrelation, which is Elfun 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 Elfun International's mutual fund expected returns. We can calculate the autocorrelation of Elfun International returns to help us make a trade decision. For example, suppose you find that Elfun 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 |
Elfun 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 Elfun International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elfun 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 Elfun International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Elfun International Lagged Returns
When evaluating Elfun International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elfun International mutual fund have on its future price. Elfun 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, Elfun International autocorrelation shows the relationship between Elfun International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Elfun International 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 Elfun Mutual Fund
Elfun International financial ratios help investors to determine whether Elfun 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 Elfun with respect to the benefits of owning Elfun International security.
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