Smallcap World Fund Market Value
| CSPEX Fund | USD 67.16 1.03 1.56% |
| Symbol | Smallcap |
Smallcap World '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 Smallcap World'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 Smallcap World.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Smallcap World on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Smallcap World Fund or generate 0.0% return on investment in Smallcap World over 300 days. Smallcap World is related to or competes with Income Fund, New World, American Mutual, American Mutual, American Funds, American Funds, and Income Fund. Normally the fund invests at least 80 percent of its net assets in common stocks and other equity-type securities of com... More
Smallcap World 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 Smallcap World'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 Smallcap World Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8556 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 4.69 | |||
| Value At Risk | (1.21) | |||
| Potential Upside | 1.3 |
Smallcap World Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Smallcap World's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Smallcap World's standard deviation. In reality, there are many statistical measures that can use Smallcap World historical prices to predict the future Smallcap World's volatility.| Risk Adjusted Performance | 0.0496 | |||
| Jensen Alpha | 0.0322 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.4246 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Smallcap World'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.
Smallcap World Backtested Returns
At this stage we consider Smallcap Mutual Fund to be very steady. Smallcap World owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0798, which indicates the fund had a 0.0798% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Smallcap World Fund, which you can use to evaluate the volatility of the fund. Please validate Smallcap World's Risk Adjusted Performance of 0.0496, coefficient of variation of 1576.64, and Semi Deviation of 0.7946 to confirm if the risk estimate we provide is consistent with the expected return of 0.0685%. The entity has a beta of 0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Smallcap World's returns are expected to increase less than the market. However, during the bear market, the loss of holding Smallcap World is expected to be smaller as well.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Smallcap World Fund has insignificant reverse predictability. Overlapping area represents the amount of predictability between Smallcap World time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 Smallcap World price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Smallcap World price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 2.54 |
Smallcap World lagged returns against current returns
Autocorrelation, which is Smallcap World 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 Smallcap World's mutual fund expected returns. We can calculate the autocorrelation of Smallcap World returns to help us make a trade decision. For example, suppose you find that Smallcap World 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 |
Smallcap World 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 Smallcap World mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Smallcap World mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Smallcap World mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Smallcap World Lagged Returns
When evaluating Smallcap World's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Smallcap World mutual fund have on its future price. Smallcap World 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, Smallcap World autocorrelation shows the relationship between Smallcap World mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Smallcap World Fund.
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 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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