Morningstar International Equity Fund Market Value
| MSTFX Fund | USD 10.68 0.18 1.71% |
| Symbol | Morningstar |
Morningstar 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 Morningstar 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 Morningstar International.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Morningstar International on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Morningstar International Equity or generate 0.0% return on investment in Morningstar International over 90 days. Morningstar International is related to or competes with Hennessy, Oil Gas, Invesco Energy, Goldman Sachs, and Guinness Atkinson. The fund will normally invest at least 80 percent of its assets in equity securities More
Morningstar 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 Morningstar 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 Morningstar International Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9917 | |||
| Information Ratio | 0.1608 | |||
| Maximum Drawdown | 4.63 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 1.39 |
Morningstar International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Morningstar International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Morningstar International's standard deviation. In reality, there are many statistical measures that can use Morningstar International historical prices to predict the future Morningstar International's volatility.| Risk Adjusted Performance | 0.0465 | |||
| Jensen Alpha | 0.041 | |||
| Total Risk Alpha | 0.1534 | |||
| Sortino Ratio | 0.1487 | |||
| Treynor Ratio | 1.66 |
Morningstar International Backtested Returns
At this stage we consider Morningstar Mutual Fund to be very steady. Morningstar International has Sharpe Ratio of 0.0855, which conveys that the entity had a 0.0855 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Morningstar International, which you can use to evaluate the volatility of the fund. Please verify Morningstar International's Mean Deviation of 0.6977, risk adjusted performance of 0.0465, and Downside Deviation of 0.9917 to check out if the risk estimate we provide is consistent with the expected return of 0.0761%. The fund secures a Beta (Market Risk) of 0.0231, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Morningstar International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Morningstar International is expected to be smaller as well.
Auto-correlation | 0.12 |
Insignificant predictability
Morningstar International Equity has insignificant predictability. Overlapping area represents the amount of predictability between Morningstar International time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Morningstar International price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Morningstar International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Morningstar International lagged returns against current returns
Autocorrelation, which is Morningstar 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 Morningstar International's mutual fund expected returns. We can calculate the autocorrelation of Morningstar International returns to help us make a trade decision. For example, suppose you find that Morningstar 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 |
Morningstar 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 Morningstar International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Morningstar 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 Morningstar International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Morningstar International Lagged Returns
When evaluating Morningstar International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Morningstar International mutual fund have on its future price. Morningstar 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, Morningstar International autocorrelation shows the relationship between Morningstar International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Morningstar 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 Morningstar Mutual Fund
Morningstar International financial ratios help investors to determine whether Morningstar 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 Morningstar with respect to the benefits of owning Morningstar International security.
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
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