Steelpath Select 40 Fund Market Value
| MLPEX Fund | USD 7.77 0.11 1.40% |
| Symbol | Steelpath |
Steelpath Select '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 Steelpath Select'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 Steelpath Select.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Steelpath Select on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Steelpath Select 40 or generate 0.0% return on investment in Steelpath Select over 180 days. Steelpath Select is related to or competes with Calvert Short, Vanguard Institutional, Locorr Longshort, Quantitative Longshort, Limited Term, Sterling Capital, and Barings Active. Under normal circumstances, the fund invests at least 80 percent of its net assets in master limited partnership investments of issuers that are engaged in the transportation, storage, processing, refining, marketing, exploration, production, and mining of minerals and natural resources, and in derivatives and other instruments that have economic characteristics similar to such securities. More
Steelpath Select 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 Steelpath Select'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 Steelpath Select 40 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6778 | |||
| Information Ratio | 0.1225 | |||
| Maximum Drawdown | 3.98 | |||
| Value At Risk | (0.90) | |||
| Potential Upside | 1.71 |
Steelpath Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Steelpath Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Steelpath Select's standard deviation. In reality, there are many statistical measures that can use Steelpath Select historical prices to predict the future Steelpath Select's volatility.| Risk Adjusted Performance | 0.2284 | |||
| Jensen Alpha | 0.1599 | |||
| Total Risk Alpha | 0.0929 | |||
| Sortino Ratio | 0.1412 | |||
| Treynor Ratio | 0.4496 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Steelpath Select'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.
Steelpath Select Backtested Returns
Steelpath Select appears to be very steady, given 3 months investment horizon. Steelpath Select owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.3, which indicates the fund had a 0.3% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Steelpath Select 40, which you can use to evaluate the volatility of the fund. Please review Steelpath Select's Semi Deviation of 0.2959, coefficient of variation of 334.95, and Risk Adjusted Performance of 0.2284 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.5, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Steelpath Select's returns are expected to increase less than the market. However, during the bear market, the loss of holding Steelpath Select is expected to be smaller as well.
Auto-correlation | 0.52 |
Modest predictability
Steelpath Select 40 has modest predictability. Overlapping area represents the amount of predictability between Steelpath Select time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 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 Steelpath Select price movement. The serial correlation of 0.52 indicates that about 52.0% of current Steelpath Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Steelpath Select lagged returns against current returns
Autocorrelation, which is Steelpath Select 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 Steelpath Select's mutual fund expected returns. We can calculate the autocorrelation of Steelpath Select returns to help us make a trade decision. For example, suppose you find that Steelpath Select 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 |
Steelpath Select 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 Steelpath Select mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Steelpath Select mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Steelpath Select mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Steelpath Select Lagged Returns
When evaluating Steelpath Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Steelpath Select mutual fund have on its future price. Steelpath Select 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, Steelpath Select autocorrelation shows the relationship between Steelpath Select mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Steelpath Select 40.
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 Steelpath Mutual Fund
Steelpath Select financial ratios help investors to determine whether Steelpath 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 Steelpath with respect to the benefits of owning Steelpath Select security.
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges |