Smead Value Fund Market Value
| SMVLX Fund | USD 85.75 0.11 0.13% |
| Symbol | Smead |
Smead Value '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 Smead Value'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 Smead Value.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Smead Value on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Smead Value Fund or generate 0.0% return on investment in Smead Value over 90 days. Smead Value is related to or competes with Matthew 25, Baron Real, Buffalo Emerging, Eventide Gilead, and Hodges Small. To achieve its investment objective, the fund will maintain approximately 25-30 companies in its portfolio and will inve... More
Smead Value 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 Smead Value'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 Smead Value Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8954 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 3.62 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 1.16 |
Smead Value Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Smead Value's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Smead Value's standard deviation. In reality, there are many statistical measures that can use Smead Value historical prices to predict the future Smead Value's volatility.| Risk Adjusted Performance | 0.0197 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.13) | |||
| Treynor Ratio | 0.0135 |
Smead Value Fund Backtested Returns
At this stage we consider Smead Mutual Fund to be very steady. Smead Value Fund owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0568, which indicates the fund had a 0.0568% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Smead Value Fund, which you can use to evaluate the volatility of the fund. Please validate Smead Value's Risk Adjusted Performance of 0.0197, coefficient of variation of 4002.28, and Semi Deviation of 0.84 to confirm if the risk estimate we provide is consistent with the expected return of 0.0442%. The entity has a beta of 0.76, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Smead Value's returns are expected to increase less than the market. However, during the bear market, the loss of holding Smead Value is expected to be smaller as well.
Auto-correlation | 0.39 |
Below average predictability
Smead Value Fund has below average predictability. Overlapping area represents the amount of predictability between Smead Value time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 Smead Value Fund price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Smead Value price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 1.07 |
Smead Value Fund lagged returns against current returns
Autocorrelation, which is Smead Value 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 Smead Value's mutual fund expected returns. We can calculate the autocorrelation of Smead Value returns to help us make a trade decision. For example, suppose you find that Smead Value 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 |
Smead Value 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 Smead Value mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Smead Value mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Smead Value mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Smead Value Lagged Returns
When evaluating Smead Value's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Smead Value mutual fund have on its future price. Smead Value 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, Smead Value autocorrelation shows the relationship between Smead Value mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Smead Value 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 Smead Mutual Fund
Smead Value financial ratios help investors to determine whether Smead 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 Smead with respect to the benefits of owning Smead Value security.
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