Spirit Of America Fund Manager Performance Evaluation
| SOAAX Fund | USD 10.09 0.05 0.49% |
The entity has a beta of 0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Spirit Of's returns are expected to increase less than the market. However, during the bear market, the loss of holding Spirit Of is expected to be smaller as well.
Risk-Adjusted Performance
7 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in Spirit Of America are ranked lower than 7 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, Spirit Of is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio | 1.6000 |
Spirit |
Spirit Of Relative Risk vs. Return Landscape
If you would invest 966.00 in Spirit Of America on August 31, 2024 and sell it today you would earn a total of 48.00 from holding Spirit Of America or generate 4.97% return on investment over 90 days. Spirit Of America is currently producing 0.0805% returns and takes up 0.8417% volatility of returns over 90 trading days. Put another way, 7% of traded mutual funds are less volatile than Spirit, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Spirit Of Current Valuation
Fairly Valued
Today
Please note that Spirit Of's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Spirit Of America has a current Real Value of $10.07 per share. The regular price of the fund is $10.09. We determine the value of Spirit Of America from inspecting fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will draw towards each other.
Since Spirit Of is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Spirit Mutual Fund. However, Spirit Of's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 10.09 | Real 10.07 | Hype 10.14 |
The intrinsic value of Spirit Of's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Spirit Of's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Spirit Of America helps investors to forecast how Spirit mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Spirit Of more accurately as focusing exclusively on Spirit Of's fundamentals will not take into account other important factors: Spirit Of Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spirit Of's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Spirit Of America, and traders can use it to determine the average amount a Spirit Of's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0956
| Best Portfolio | Best Equity | |||
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| Cash | SOAAX | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.84 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Spirit Of is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Spirit Of by adding it to a well-diversified portfolio.
Spirit Of Fundamentals Growth
Spirit Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Spirit Of, and Spirit Of fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Spirit Mutual Fund performance.
| Price To Earning | 28.70 X | |||
| Price To Book | 2.24 X | |||
| Price To Sales | 5.14 X | |||
| Total Asset | 93.71 M | |||
About Spirit Of Performance
Evaluating Spirit Of's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Spirit Of has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Spirit Of has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund invests primarily in real estate investment trusts with successful track records. REITs are pooled investment vehicles which invest primarily in income-producing real estate or real estate-related loans or interests. The advisor intends to invest at least 80 percent of its total assets in equity REITs and the equity securities of real estate industry companies. It may also invest in mortgage-backed securities, investment-grade taxable municipal obligations, master limited partnerships and short-term investments.Things to note about Spirit Of America performance evaluation
Checking the ongoing alerts about Spirit Of for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Spirit Of America help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund generated three year return of -2.0% | |
| Spirit Of America maintains 97.51% of its assets in stocks |
- Analyzing Spirit Of's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Spirit Of's stock is overvalued or undervalued compared to its peers.
- Examining Spirit Of's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Spirit Of's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Spirit Of's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Spirit Of's mutual fund. These opinions can provide insight into Spirit Of's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Spirit Mutual Fund
Spirit Of financial ratios help investors to determine whether Spirit 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 Spirit with respect to the benefits of owning Spirit Of security.
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments |