The International Smaller Fund Market Value
| BICIX Fund | USD 12.06 0.06 0.50% |
| Symbol | International |
International Smaller '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 International Smaller'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 International Smaller.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in International Smaller on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding The International Smaller or generate 0.0% return on investment in International Smaller over 30 days. International Smaller is related to or competes with Blackrock, Prudential Government, Aig Government, Dunham Corporate/govern, and Fidelity Series. The fund seeks to meet its objective by investing in an international portfolio of common stocks of smaller companies lo... More
International Smaller 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 International Smaller'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 The International Smaller upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 4.69 | |||
| Value At Risk | (1.70) | |||
| Potential Upside | 1.4 |
International Smaller Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for International Smaller's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as International Smaller's standard deviation. In reality, there are many statistical measures that can use International Smaller historical prices to predict the future International Smaller's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.14) |
The International Smaller Backtested Returns
The International Smaller holds Efficiency (Sharpe) Ratio of -0.0438, which attests that the entity had a -0.0438% return per unit of risk over the last 3 months. The International Smaller exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out International Smaller's Market Risk Adjusted Performance of (0.13), standard deviation of 0.9553, and Risk Adjusted Performance of (0.07) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.7, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, International Smaller's returns are expected to increase less than the market. However, during the bear market, the loss of holding International Smaller is expected to be smaller as well.
Auto-correlation | -0.25 |
Weak reverse predictability
The International Smaller has weak reverse predictability. Overlapping area represents the amount of predictability between International Smaller time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 The International Smaller price movement. The serial correlation of -0.25 indicates that over 25.0% of current International Smaller price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
The International Smaller lagged returns against current returns
Autocorrelation, which is International Smaller 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 International Smaller's mutual fund expected returns. We can calculate the autocorrelation of International Smaller returns to help us make a trade decision. For example, suppose you find that International Smaller 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 |
International Smaller 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 International Smaller mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if International Smaller mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in International Smaller mutual fund over time.
Current vs Lagged Prices |
| Timeline |
International Smaller Lagged Returns
When evaluating International Smaller's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of International Smaller mutual fund have on its future price. International Smaller 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, International Smaller autocorrelation shows the relationship between International Smaller mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The International Smaller.
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 International Mutual Fund
International Smaller financial ratios help investors to determine whether International 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 International with respect to the benefits of owning International Smaller security.
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