Steward Select Bond Fund Market Value

SEACX Fund  USD 22.41  0.03  0.13%   
Steward Select's market value is the price at which a share of Steward Select trades on a public exchange. It measures the collective expectations of Steward Select Bond investors about its performance. Steward Select is trading at 22.41 as of the 5th of December 2024; that is 0.13 percent down since the beginning of the trading day. The fund's open price was 22.44.
With this module, you can estimate the performance of a buy and hold strategy of Steward Select Bond and determine expected loss or profit from investing in Steward Select over a given investment horizon. Check out Steward Select Correlation, Steward Select Volatility and Steward Select Alpha and Beta module to complement your research on Steward Select.
Symbol

Please note, there is a significant difference between Steward Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if Steward Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Steward Select'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 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 Steward 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 Steward Select.
0.00
11/05/2024
No Change 0.00  0.0 
In 31 days
12/05/2024
0.00
If you would invest  0.00  in Steward Select on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Steward Select Bond or generate 0.0% return on investment in Steward Select over 30 days. Steward Select is related to or competes with Gabelli Convertible, Virtus Convertible, Advent Claymore, Lord Abbett, Calamos Dynamic, Rationalpier, and Absolute Convertible. The fund invests primarily in fixed income securities, including, but not limited to, corporate bonds, mortgage-backed s... More

Steward 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 Steward 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 Steward Select Bond upside and downside potential and time the market with a certain degree of confidence.

Steward Select Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Steward Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Steward Select's standard deviation. In reality, there are many statistical measures that can use Steward Select historical prices to predict the future Steward Select's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Steward 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.
Hype
Prediction
LowEstimatedHigh
22.1622.4122.66
Details
Intrinsic
Valuation
LowRealHigh
21.7221.9724.65
Details

Steward Select Bond Backtested Returns

Steward Select Bond owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0565, which indicates the fund had a -0.0565% return per unit of risk over the last 3 months. Steward Select Bond exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Steward Select's Coefficient Of Variation of 10672.63, risk adjusted performance of (0.01), and Semi Deviation of 0.2225 to confirm the risk estimate we provide. The entity has a beta of 0.0193, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Steward Select's returns are expected to increase less than the market. However, during the bear market, the loss of holding Steward Select is expected to be smaller as well.

Auto-correlation

    
  -0.43  

Modest reverse predictability

Steward Select Bond has modest reverse predictability. Overlapping area represents the amount of predictability between Steward Select time series from 5th of November 2024 to 20th of November 2024 and 20th of November 2024 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 Select Bond price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Steward Select price fluctuation can be explain by its past prices.
Correlation Coefficient-0.43
Spearman Rank Test-0.49
Residual Average0.0
Price Variance0.01

Steward Select Bond lagged returns against current returns

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

Steward 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 Steward Select mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Steward 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 Steward Select mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Steward Select Lagged Returns

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

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Other Information on Investing in Steward Mutual Fund

Steward Select 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 Select security.
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