Steward International Enhanced Fund Market Value
| SNTCX Fund | USD 25.87 0.15 0.58% |
| Symbol | Steward |
Steward International '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 International'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 International.
| 12/13/2023 |
| 12/07/2024 |
If you would invest 0.00 in Steward International on December 13, 2023 and sell it all today you would earn a total of 0.00 from holding Steward International Enhanced or generate 0.0% return on investment in Steward International over 360 days. The advisor pursues its objective by seeking to enhance its performance over that of its primary benchmark index by 1 ch... More
Steward International 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 International'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 International Enhanced upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8894 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 4.47 | |||
| Value At Risk | (1.23) | |||
| Potential Upside | 1.3 |
Steward International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Steward International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Steward International's standard deviation. In reality, there are many statistical measures that can use Steward International historical prices to predict the future Steward International's volatility.| Risk Adjusted Performance | 0.0324 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.074 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Steward International'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.
Steward International Backtested Returns
At this stage we consider Steward Mutual Fund to be very steady. Steward International owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0611, which indicates the fund had a 0.0611% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Steward International Enhanced, which you can use to evaluate the volatility of the fund. Please validate Steward International's Semi Deviation of 0.7468, coefficient of variation of 2356.82, and Risk Adjusted Performance of 0.0324 to confirm if the risk estimate we provide is consistent with the expected return of 0.0477%. The entity has a beta of 0.33, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Steward International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Steward International is expected to be smaller as well.
Auto-correlation | 0.28 |
Poor predictability
Steward International Enhanced has poor predictability. Overlapping area represents the amount of predictability between Steward International time series from 13th of December 2023 to 10th of June 2024 and 10th of June 2024 to 7th 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 International price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Steward International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
Steward International lagged returns against current returns
Autocorrelation, which is Steward International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Steward International returns to help us make a trade decision. For example, suppose you find that Steward International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Steward International 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 International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Steward International Lagged Returns
When evaluating Steward International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Steward International mutual fund have on its future price. Steward International 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 International autocorrelation shows the relationship between Steward International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Steward International Enhanced.
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 Steward Mutual Fund
Steward International 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 International security.
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