Overseas Series Class Fund Market Value
| EXOSX Fund | USD 33.51 0.21 0.63% |
| Symbol | Overseas |
Overseas Series '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 Overseas Series' 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 Overseas Series.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in Overseas Series on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Overseas Series Class or generate 0.0% return on investment in Overseas Series over 360 days. Overseas Series is related to or competes with Blackrock Inflation, Ab Bond, Goldman Sachs, T Rowe, Aqr Managed, and Fidelity Sai. The fund normally invests at least 80 percent of its assets in securities of issuers from countries outside the United S... More
Overseas Series 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 Overseas Series' 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 Overseas Series Class upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 4.06 | |||
| Value At Risk | (1.39) | |||
| Potential Upside | 1.07 |
Overseas Series Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Overseas Series' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Overseas Series' standard deviation. In reality, there are many statistical measures that can use Overseas Series historical prices to predict the future Overseas Series' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.1) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Overseas Series' 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.
Overseas Series Class Backtested Returns
Overseas Series Class maintains Sharpe Ratio (i.e., Efficiency) of -0.0293, which implies the entity had a -0.0293% return per unit of risk over the last 3 months. Overseas Series Class exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Overseas Series' Coefficient Of Variation of (1,838), risk adjusted performance of (0.04), and Variance of 0.7826 to confirm the risk estimate we provide. The fund holds a Beta of 0.59, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Overseas Series' returns are expected to increase less than the market. However, during the bear market, the loss of holding Overseas Series is expected to be smaller as well.
Auto-correlation | 0.03 |
Virtually no predictability
Overseas Series Class has virtually no predictability. Overlapping area represents the amount of predictability between Overseas Series time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 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 Overseas Series Class price movement. The serial correlation of 0.03 indicates that only 3.0% of current Overseas Series price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
Overseas Series Class lagged returns against current returns
Autocorrelation, which is Overseas Series 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 Overseas Series' mutual fund expected returns. We can calculate the autocorrelation of Overseas Series returns to help us make a trade decision. For example, suppose you find that Overseas Series 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 |
Overseas Series 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 Overseas Series mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Overseas Series mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Overseas Series mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Overseas Series Lagged Returns
When evaluating Overseas Series' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Overseas Series mutual fund have on its future price. Overseas Series 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, Overseas Series autocorrelation shows the relationship between Overseas Series mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Overseas Series Class.
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 Overseas Mutual Fund
Overseas Series financial ratios help investors to determine whether Overseas 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 Overseas with respect to the benefits of owning Overseas Series security.
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