Focused International Growth Fund Market Value
| AFCSX Fund | USD 17.14 0.22 1.30% |
| Symbol | Focused |
Focused 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 Focused 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 Focused International.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Focused International on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Focused International Growth or generate 0.0% return on investment in Focused International over 180 days. Focused International is related to or competes with Aqr Long-short, Vanguard Developed, Origin Emerging, Pnc Emerging, Goldman Sachs, Doubleline Emerging, and Calvert Developed. The fund invests primarily in securities of companies located in at least three developed countries world-wide More
Focused 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 Focused 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 Focused International Growth upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 4.52 | |||
| Value At Risk | (1.72) | |||
| Potential Upside | 1.35 |
Focused International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Focused International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Focused International's standard deviation. In reality, there are many statistical measures that can use Focused International historical prices to predict the future Focused International's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Focused 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.
Focused International Backtested Returns
Focused International secures Sharpe Ratio (or Efficiency) of -0.0306, which denotes the fund had a -0.0306% return per unit of standard deviation over the last 3 months. Focused International Growth exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Focused International's Standard Deviation of 0.9349, mean deviation of 0.7224, and Coefficient Of Variation of (2,028) to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.7, which means possible diversification benefits within a given portfolio. As returns on the market increase, Focused International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Focused International is expected to be smaller as well.
Auto-correlation | -0.26 |
Weak reverse predictability
Focused International Growth has weak reverse predictability. Overlapping area represents the amount of predictability between Focused International time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 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 Focused International price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Focused International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Focused International lagged returns against current returns
Autocorrelation, which is Focused 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 Focused International's mutual fund expected returns. We can calculate the autocorrelation of Focused International returns to help us make a trade decision. For example, suppose you find that Focused 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 |
Focused 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 Focused International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Focused 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 Focused International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Focused International Lagged Returns
When evaluating Focused International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Focused International mutual fund have on its future price. Focused 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, Focused International autocorrelation shows the relationship between Focused International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Focused International Growth.
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 Focused Mutual Fund
Focused International financial ratios help investors to determine whether Focused 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 Focused with respect to the benefits of owning Focused International security.
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