Sprucegrove International Equity Fund Market Value
| SPRDX Fund | USD 68.87 0.09 0.13% |
| Symbol | Sprucegrove |
Sprucegrove 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 Sprucegrove 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 Sprucegrove International.
| 01/04/2025 |
| 03/05/2025 |
If you would invest 0.00 in Sprucegrove International on January 4, 2025 and sell it all today you would earn a total of 0.00 from holding Sprucegrove International Equity or generate 0.0% return on investment in Sprucegrove International over 60 days. Sprucegrove International is related to or competes with Mainstay High, Pace High, Gmo High, Voya High, Calvert High, and Buffalo High. Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment p... More
Sprucegrove 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 Sprucegrove 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 Sprucegrove International Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.12 | |||
| Information Ratio | 0.0943 | |||
| Maximum Drawdown | 5.39 | |||
| Value At Risk | (1.41) | |||
| Potential Upside | 1.2 |
Sprucegrove International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sprucegrove International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sprucegrove International's standard deviation. In reality, there are many statistical measures that can use Sprucegrove International historical prices to predict the future Sprucegrove International's volatility.| Risk Adjusted Performance | 0.0067 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | 0.0989 | |||
| Sortino Ratio | 0.0754 | |||
| Treynor Ratio | 0.0472 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sprucegrove 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.
Sprucegrove International Backtested Returns
Sprucegrove International owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0325, which indicates the fund had a -0.0325 % return per unit of risk over the last 3 months. Sprucegrove International Equity exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sprucegrove International's Semi Deviation of 1.1, coefficient of variation of 14451.48, and Risk Adjusted Performance of 0.0067 to confirm the risk estimate we provide. The entity has a beta of -0.0807, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sprucegrove International are expected to decrease at a much lower rate. During the bear market, Sprucegrove International is likely to outperform the market.
Auto-correlation | 0.83 |
Very good predictability
Sprucegrove International Equity has very good predictability. Overlapping area represents the amount of predictability between Sprucegrove International time series from 4th of January 2025 to 3rd of February 2025 and 3rd of February 2025 to 5th of March 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 Sprucegrove International price movement. The serial correlation of 0.83 indicates that around 83.0% of current Sprucegrove International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.77 |
Sprucegrove International lagged returns against current returns
Autocorrelation, which is Sprucegrove 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 Sprucegrove International's mutual fund expected returns. We can calculate the autocorrelation of Sprucegrove International returns to help us make a trade decision. For example, suppose you find that Sprucegrove 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 |
Sprucegrove 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 Sprucegrove International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sprucegrove 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 Sprucegrove International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Sprucegrove International Lagged Returns
When evaluating Sprucegrove International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sprucegrove International mutual fund have on its future price. Sprucegrove 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, Sprucegrove International autocorrelation shows the relationship between Sprucegrove International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sprucegrove International Equity.
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 Sprucegrove Mutual Fund
Sprucegrove International financial ratios help investors to determine whether Sprucegrove 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 Sprucegrove with respect to the benefits of owning Sprucegrove International security.
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