Summit Global Investments Fund Market Value
| SILVX Fund | USD 17.67 0.12 0.68% |
| Symbol | Summit |
Summit Global '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 Summit Global'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 Summit Global.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Summit Global on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Summit Global Investments or generate 0.0% return on investment in Summit Global over 60 days. Summit Global is related to or competes with Summit Global, Summit Global, Siit Dynamic, and Boston Partners. The fund normally invests at least 80 percent of its net assets in equity securities, primarily common stocks, of compan... More
Summit Global 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 Summit Global'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 Summit Global Investments upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 20.75 | |||
| Value At Risk | (1.33) | |||
| Potential Upside | 1.22 |
Summit Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Summit Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Summit Global's standard deviation. In reality, there are many statistical measures that can use Summit Global historical prices to predict the future Summit Global's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 1.06 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Summit Global'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.
Summit Global Investments Backtested Returns
Summit Global Investments owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the fund had a -0.11% return per unit of risk over the last 3 months. Summit Global Investments exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Summit Global's Coefficient Of Variation of (827.70), variance of 5.8, and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The entity has a beta of -0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Summit Global are expected to decrease at a much lower rate. During the bear market, Summit Global is likely to outperform the market.
Auto-correlation | -0.46 |
Modest reverse predictability
Summit Global Investments has modest reverse predictability. Overlapping area represents the amount of predictability between Summit Global time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 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 Summit Global Investments price movement. The serial correlation of -0.46 indicates that about 46.0% of current Summit Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 5.33 |
Summit Global Investments lagged returns against current returns
Autocorrelation, which is Summit Global 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 Summit Global's mutual fund expected returns. We can calculate the autocorrelation of Summit Global returns to help us make a trade decision. For example, suppose you find that Summit Global 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 |
Summit Global 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 Summit Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Summit Global mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Summit Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Summit Global Lagged Returns
When evaluating Summit Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Summit Global mutual fund have on its future price. Summit Global 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, Summit Global autocorrelation shows the relationship between Summit Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Summit Global Investments.
Regressed Prices |
| Timeline |
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Other Information on Investing in Summit Mutual Fund
Summit Global financial ratios help investors to determine whether Summit 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 Summit with respect to the benefits of owning Summit Global security.
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