Steward Large Cap Fund Market Value

SJGAX Fund  USD 34.02  0.44  1.31%   
Steward Large's market value is the price at which a share of Steward Large trades on a public exchange. It measures the collective expectations of Steward Large Cap investors about its performance. Steward Large is trading at 34.02 as of the 5th of December 2024; that is 1.31% up since the beginning of the trading day. The fund's open price was 33.58.
With this module, you can estimate the performance of a buy and hold strategy of Steward Large Cap and determine expected loss or profit from investing in Steward Large over a given investment horizon. Check out Steward Large Correlation, Steward Large Volatility and Steward Large Alpha and Beta module to complement your research on Steward Large.
Symbol

Please note, there is a significant difference between Steward Large's value and its price as these two are different measures arrived at by different means. Investors typically determine if Steward Large is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Steward Large'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 Large '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 Large'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 Large.
0.00
09/06/2024
No Change 0.00  0.0 
In 2 months and 31 days
12/05/2024
0.00
If you would invest  0.00  in Steward Large on September 6, 2024 and sell it all today you would earn a total of 0.00 from holding Steward Large Cap or generate 0.0% return on investment in Steward Large over 90 days. Steward Large is related to or competes with Steward Small-mid, Steward Small-mid, Steward Covered, Steward Covered, Steward Covered, Steward Select, and Steward Select. The funds principal investment strategy is to invest in a portfolio of large-cap growth securities, subject to the limit... More

Steward Large 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 Large'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 Large Cap upside and downside potential and time the market with a certain degree of confidence.

Steward Large Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Steward Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Steward Large's standard deviation. In reality, there are many statistical measures that can use Steward Large historical prices to predict the future Steward Large's volatility.
Hype
Prediction
LowEstimatedHigh
33.2134.0234.83
Details
Intrinsic
Valuation
LowRealHigh
33.3034.1134.92
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Steward Large. Your research has to be compared to or analyzed against Steward Large's peers to derive any actionable benefits. When done correctly, Steward Large's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Steward Large Cap.

Steward Large Cap Backtested Returns

Steward Large appears to be very steady, given 3 months investment horizon. Steward Large Cap owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.33, which indicates the fund had a 0.33% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Steward Large Cap, which you can use to evaluate the volatility of the fund. Please review Steward Large's Coefficient Of Variation of 410.34, semi deviation of 0.5448, and Risk Adjusted Performance of 0.181 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.67, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Steward Large's returns are expected to increase less than the market. However, during the bear market, the loss of holding Steward Large is expected to be smaller as well.

Auto-correlation

    
  0.70  

Good predictability

Steward Large Cap has good predictability. Overlapping area represents the amount of predictability between Steward Large time series from 6th of September 2024 to 21st of October 2024 and 21st of October 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 Large Cap price movement. The serial correlation of 0.7 indicates that around 70.0% of current Steward Large price fluctuation can be explain by its past prices.
Correlation Coefficient0.7
Spearman Rank Test0.56
Residual Average0.0
Price Variance0.64

Steward Large Cap lagged returns against current returns

Autocorrelation, which is Steward Large 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 Large's mutual fund expected returns. We can calculate the autocorrelation of Steward Large returns to help us make a trade decision. For example, suppose you find that Steward Large 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 Large 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 Large mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Steward Large 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 Large mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Steward Large Lagged Returns

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

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Other Information on Investing in Steward Mutual Fund

Steward Large 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 Large security.
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