Smallcap World Fund Market Outlook
| CSPAX Fund | USD 76.45 1.15 1.48% |
Slightly above 61% of Smallcap World's investor base is looking to short. The analysis of overall sentiment of trading Smallcap World Fund mutual fund suggests that many investors are alarmed at this time. Smallcap World's investing sentiment can be driven by a variety of factors including economic data, Smallcap World's earnings reports, geopolitical events, and overall market trends.
Comfort Level 39
Alarmed
Panic | Confidence |
Today, several news technology companies offer sentiment data to assist traders in manufacturing news sentiment indicators for investment decisions. We partner with these technology firms in helping retail investors build forecasting models that use Smallcap World's input sentiment indicators derived from textual data and news published on major financial information outlets and social sites. These indicators can be used to analyze time-dependent numerical information representing public perception toward Smallcap World Fund.
News SentimentNeutral | Hype SentimentBearish | Insider SentimentWaiting |
Assuming the 90 days horizon and your complete indifference towards market risk, our recommendation regarding Smallcap World Fund is 'Buy'. A buy or sell recommendation is an automated directive regarding whether to purchase or sell Smallcap World Fund given historical horizon and risk tolerance. When we issue a 'buy' or 'sell' recommendation for Smallcap World Fund, the advice is generated through an automated system that utilizes algorithms and statistical models.
Execute Smallcap World Advice
The Smallcap recommendation should be used to complement the investment advice compiled from the current analysts' consensus on Smallcap World Fund. Macroaxis does not own or have any residual interests in Smallcap World Fund or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Smallcap World's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Buy
Market Performance | Solid | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Analyst Consensus | Not Available | Details |
For the selected time horizon Smallcap World Fund has a Risk Adjusted Performance of 0.1571, Jensen Alpha of 0.192, Total Risk Alpha of 0.1181, Sortino Ratio of 0.1696 and Treynor Ratio of 1.64Macroaxis provides unbiased trade recommendation on Smallcap World that should be used to complement current analysts and expert consensus on Smallcap World Fund. Our advice engine determines the fund's potential to grow exclusively from the perspective of an investors' current risk tolerance and investing horizon. Use Smallcap World price to earning, annual yield, as well as the relationship between the Annual Yield and ten year return to ensure your buy or sell decision on Smallcap World is adequate.
Smallcap World Trading Alerts and Improvement Suggestions
| The fund holds about 12.55% of its assets under management (AUM) in cash |
Smallcap World Returns Distribution Density
The distribution of Smallcap World's historical returns is an attempt to chart the uncertainty of Smallcap World's future price movements. The chart of the probability distribution of Smallcap World daily returns describes the distribution of returns around its average expected value. We use Smallcap World Fund price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Smallcap World returns is essential to provide solid investment analysis for Smallcap World.
| Mean Return | 0.21 | Value At Risk | -1.24 | Potential Upside | 1.51 | Standard Deviation | 1.09 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Smallcap World historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Smallcap World Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Smallcap World or American Funds sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Smallcap World's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Smallcap fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.19 | |
β | Beta against Dow Jones | 0.12 | |
σ | Overall volatility | 1.08 | |
Ir | Information ratio | 0.13 |
Smallcap World Volatility Alert
Smallcap World Fund has low volatility with Treynor Ratio of 1.64, Maximum Drawdown of 6.98 and kurtosis of 6.69. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Smallcap World's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Smallcap World's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Smallcap World Fundamentals Vs Peers
Comparing Smallcap World's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Smallcap World's direct or indirect competition across all of the common fundamentals between Smallcap World and the related equities. This way, we can detect undervalued stocks with similar characteristics as Smallcap World or determine the mutual funds which would be an excellent addition to an existing portfolio. Peer analysis of Smallcap World's fundamental indicators could also be used in its relative valuation, which is a method of valuing Smallcap World by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Smallcap World to competition |
| Fundamentals | Smallcap World | Peer Average |
| Price To Earning | 23.35 X | 6.53 X |
| Price To Book | 2.39 X | 0.74 X |
| Price To Sales | 1.56 X | 0.61 X |
| Annual Yield | 0.01 % | 0.29 % |
| Year To Date Return | 6.36 % | 0.39 % |
| One Year Return | 17.32 % | 4.15 % |
| Three Year Return | 10.02 % | 3.60 % |
| Five Year Return | 1.14 % | 3.24 % |
| Ten Year Return | 10.53 % | 1.79 % |
| Net Asset | 43.88 B | 4.11 B |
| Cash Position Weight | 12.55 % | 10.61 % |
| Equity Positions Weight | 85.84 % | 63.90 % |
Smallcap World Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Smallcap . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 76.45 | |||
| Day Typical Price | 76.45 | |||
| Price Action Indicator | (0.57) | |||
| Period Momentum Indicator | (1.15) |
About Smallcap World Buy or Sell Advice
When is the right time to buy or sell Smallcap World Fund? Buying financial instruments such as Smallcap Mutual Fund isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Smallcap World in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Drugs Thematic Idea Now
Drugs
Companies involved in medical and pharmaceutical drug research, manufacturing, and delivery. The Drugs theme has 47 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Drugs Theme or any other thematic opportunities.
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Other Information on Investing in Smallcap Mutual Fund
Smallcap World financial ratios help investors to determine whether Smallcap 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 Smallcap with respect to the benefits of owning Smallcap World security.
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