International Equity Index Fund Market Value
| GIIYX Fund | USD 12.06 0.11 0.90% |
| Symbol | International |
International Equity '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 Equity'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 Equity.
| 02/07/2024 |
| 02/01/2025 |
If you would invest 0.00 in International Equity on February 7, 2024 and sell it all today you would earn a total of 0.00 from holding International Equity Index or generate 0.0% return on investment in International Equity over 360 days. International Equity is related to or competes with Voya Retirement, Jp Morgan, Voya Target, and Calvert Moderate. The fund will invest substantially all, and normally at least 80 percent of its total assets, in the equity securities i... More
International Equity 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 Equity'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 International Equity Index upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8619 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 3.83 | |||
| Value At Risk | (1.41) | |||
| Potential Upside | 1.18 |
International Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for International Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as International Equity's standard deviation. In reality, there are many statistical measures that can use International Equity historical prices to predict the future International Equity's volatility.| Risk Adjusted Performance | 0.031 | |||
| Jensen Alpha | 0.0178 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.8545 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of International Equity'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.
International Equity Backtested Returns
At this stage we consider International Mutual Fund to be very steady. International Equity holds Efficiency (Sharpe) Ratio of 0.037, which attests that the entity had a 0.037 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for International Equity, which you can use to evaluate the volatility of the entity. Please check out International Equity's Downside Deviation of 0.8619, market risk adjusted performance of 0.8645, and Risk Adjusted Performance of 0.031 to validate if the risk estimate we provide is consistent with the expected return of 0.0296%. The fund retains a Market Volatility (i.e., Beta) of 0.0226, which attests to not very significant fluctuations relative to the market. As returns on the market increase, International Equity's returns are expected to increase less than the market. However, during the bear market, the loss of holding International Equity is expected to be smaller as well.
Auto-correlation | -0.22 |
Weak reverse predictability
International Equity Index has weak reverse predictability. Overlapping area represents the amount of predictability between International Equity time series from 7th of February 2024 to 5th of August 2024 and 5th of August 2024 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of International Equity price movement. The serial correlation of -0.22 indicates that over 22.0% of current International Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
International Equity lagged returns against current returns
Autocorrelation, which is International Equity 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 Equity's mutual fund expected returns. We can calculate the autocorrelation of International Equity returns to help us make a trade decision. For example, suppose you find that International Equity 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 Equity 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 Equity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if International Equity 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 Equity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
International Equity Lagged Returns
When evaluating International Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of International Equity mutual fund have on its future price. International Equity 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 Equity autocorrelation shows the relationship between International Equity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in International Equity Index.
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 Equity 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 Equity security.
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites |