Spectrum International Fund Market Value
| PSILX Fund | USD 14.74 0.14 0.96% |
| Symbol | Spectrum |
Spectrum 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 Spectrum 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 Spectrum International.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Spectrum International on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Spectrum International Fund or generate 0.0% return on investment in Spectrum International over 720 days. Spectrum International is related to or competes with T Rowe, Spectrum Growth, Spectrum Income, T Rowe, and T Rowe. Under normal conditions, the fund invests at least 80 percent of its net assets in equity securities More
Spectrum 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 Spectrum 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 Spectrum International Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 4.21 | |||
| Value At Risk | (1.68) | |||
| Potential Upside | 1.11 |
Spectrum International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spectrum International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spectrum International's standard deviation. In reality, there are many statistical measures that can use Spectrum International historical prices to predict the future Spectrum International's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.11) |
Spectrum International Backtested Returns
Spectrum International owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0329, which indicates the fund had a -0.0329% return per unit of risk over the last 3 months. Spectrum International Fund exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Spectrum International's Risk Adjusted Performance of (0.04), coefficient of variation of (1,910), and Variance of 0.6805 to confirm the risk estimate we provide. The entity has a beta of 0.47, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Spectrum International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Spectrum International is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
Spectrum International Fund has no correlation between past and present. Overlapping area represents the amount of predictability between Spectrum International 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 Spectrum International price movement. The serial correlation of 0.0 indicates that just 0.0% of current Spectrum International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
Spectrum International lagged returns against current returns
Autocorrelation, which is Spectrum 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 Spectrum International's mutual fund expected returns. We can calculate the autocorrelation of Spectrum International returns to help us make a trade decision. For example, suppose you find that Spectrum 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 |
Spectrum 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 Spectrum International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spectrum 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 Spectrum International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Spectrum International Lagged Returns
When evaluating Spectrum International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spectrum International mutual fund have on its future price. Spectrum 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, Spectrum International autocorrelation shows the relationship between Spectrum International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Spectrum International Fund.
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 Spectrum Mutual Fund
Spectrum International financial ratios help investors to determine whether Spectrum 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 Spectrum with respect to the benefits of owning Spectrum International security.
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm |