Steward Ered Call Fund Market Value

SCJIX Fund  USD 8.62  0.03  0.35%   
Steward Covered's market value is the price at which a share of Steward Covered trades on a public exchange. It measures the collective expectations of Steward Ered Call investors about its performance. Steward Covered is trading at 8.62 as of the 5th of December 2024; that is 0.35 percent up since the beginning of the trading day. The fund's open price was 8.59.
With this module, you can estimate the performance of a buy and hold strategy of Steward Ered Call and determine expected loss or profit from investing in Steward Covered over a given investment horizon. Check out Steward Covered Correlation, Steward Covered Volatility and Steward Covered Alpha and Beta module to complement your research on Steward Covered.
Symbol

Please note, there is a significant difference between Steward Covered's value and its price as these two are different measures arrived at by different means. Investors typically determine if Steward Covered is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Steward Covered's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Steward Covered '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 Steward Covered'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 Steward Covered.
0.00
12/16/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/05/2024
0.00
If you would invest  0.00  in Steward Covered on December 16, 2022 and sell it all today you would earn a total of 0.00 from holding Steward Ered Call or generate 0.0% return on investment in Steward Covered over 720 days. Steward Covered is related to or competes with Evaluator Conservative, Calvert Conservative, Blackrock Conservative, and Pgim Conservative. The fund invests in a portfolio of large cap, dividend paying, equity securities that are listed on U.S More

Steward Covered 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 Steward Covered'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 Steward Ered Call upside and downside potential and time the market with a certain degree of confidence.

Steward Covered Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Steward Covered's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Steward Covered's standard deviation. In reality, there are many statistical measures that can use Steward Covered historical prices to predict the future Steward Covered's volatility.
Hype
Prediction
LowEstimatedHigh
8.198.629.05
Details
Intrinsic
Valuation
LowRealHigh
8.138.568.99
Details
Naive
Forecast
LowNextHigh
8.238.669.08
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
8.518.578.62
Details

Steward Ered Call Backtested Returns

At this stage we consider Steward Mutual Fund to be very steady. Steward Ered Call owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.28, which indicates the fund had a 0.28% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Steward Ered Call, which you can use to evaluate the volatility of the fund. Please validate Steward Covered's Semi Deviation of 0.3071, coefficient of variation of 486.25, and Risk Adjusted Performance of 0.1457 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. The entity has a beta of 0.44, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Steward Covered's returns are expected to increase less than the market. However, during the bear market, the loss of holding Steward Covered is expected to be smaller as well.

Auto-correlation

    
  0.72  

Good predictability

Steward Ered Call has good predictability. Overlapping area represents the amount of predictability between Steward Covered time series from 16th of December 2022 to 11th of December 2023 and 11th of December 2023 to 5th 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 Steward Ered Call price movement. The serial correlation of 0.72 indicates that around 72.0% of current Steward Covered price fluctuation can be explain by its past prices.
Correlation Coefficient0.72
Spearman Rank Test0.74
Residual Average0.0
Price Variance0.06

Steward Ered Call lagged returns against current returns

Autocorrelation, which is Steward Covered 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 Steward Covered's mutual fund expected returns. We can calculate the autocorrelation of Steward Covered returns to help us make a trade decision. For example, suppose you find that Steward Covered 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  

Steward Covered 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 Steward Covered mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Steward Covered mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Steward Covered mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Steward Covered Lagged Returns

When evaluating Steward Covered's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Steward Covered mutual fund have on its future price. Steward Covered 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, Steward Covered autocorrelation shows the relationship between Steward Covered mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Steward Ered Call.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Steward Mutual Fund

Steward Covered financial ratios help investors to determine whether Steward 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 Steward with respect to the benefits of owning Steward Covered security.
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Fundamental Analysis
View fundamental data based on most recent published financial statements
Headlines Timeline
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