Select Equity Fund Market Value
| RTDSX Fund | USD 14.62 0.32 2.24% |
| Symbol | Select |
Select Equity '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 Select Equity'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 Select Equity.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Select Equity on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Select Equity Fund or generate 0.0% return on investment in Select Equity over 90 days. Select Equity is related to or competes with Barings Active, Leader Short-term, Aqr Long-short, Seix Us, and Jhancock Short. The fund has a non-fundamental policy to invest, under normal circumstances, at least 80 percent of the value of its net... More
Select Equity 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 Select Equity'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 Select Equity Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 25.47 | |||
| Value At Risk | (1.88) | |||
| Potential Upside | 1.24 |
Select Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Select Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Select Equity's standard deviation. In reality, there are many statistical measures that can use Select Equity historical prices to predict the future Select Equity's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.43) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.68) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Select Equity'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.
Select Equity Backtested Returns
Select Equity owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.15, which indicates the fund had a -0.15 % return per unit of risk over the last 3 months. Select Equity Fund exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Select Equity's Variance of 11.74, risk adjusted performance of (0.12), and Coefficient Of Variation of (679.43) to confirm the risk estimate we provide. The entity has a beta of 0.75, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Select Equity's returns are expected to increase less than the market. However, during the bear market, the loss of holding Select Equity is expected to be smaller as well.
Auto-correlation | 0.07 |
Virtually no predictability
Select Equity Fund has virtually no predictability. Overlapping area represents the amount of predictability between Select Equity time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Select Equity price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Select Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Select Equity lagged returns against current returns
Autocorrelation, which is Select Equity 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 Select Equity's mutual fund expected returns. We can calculate the autocorrelation of Select Equity returns to help us make a trade decision. For example, suppose you find that Select Equity 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 |
Select Equity 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 Select Equity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Select Equity mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Select Equity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Select Equity Lagged Returns
When evaluating Select Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Select Equity mutual fund have on its future price. Select Equity 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, Select Equity autocorrelation shows the relationship between Select Equity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Select Equity 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 Select Mutual Fund
Select Equity financial ratios help investors to determine whether Select 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 Select with respect to the benefits of owning Select Equity security.
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