Qs International Equity Fund Market Value
| LMGEX Fund | USD 18.46 0.14 0.76% |
| Symbol | LMGEX |
Qs 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 Qs 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 Qs International.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in Qs International on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding Qs International Equity or generate 0.0% return on investment in Qs International over 720 days. Qs International is related to or competes with Ep Emerging, Nasdaq 100, Arrow Managed, Jpmorgan Emerging, Artisan Emerging, and Angel Oak. Under normal circumstances, the advisor intends to invest primarily in equity securities of issuers located outside the ... More
Qs 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 Qs 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 Qs International Equity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 3.99 | |||
| Value At Risk | (1.31) | |||
| Potential Upside | 1.26 |
Qs International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qs International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qs International's standard deviation. In reality, there are many statistical measures that can use Qs International historical prices to predict the future Qs International's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.15) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Qs 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.
Qs International Equity Backtested Returns
Qs International Equity retains Efficiency (Sharpe Ratio) of -0.031, which implies the entity had a -0.031% return per unit of price deviation over the last 3 months. Qs International exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Qs International's market risk adjusted performance of (0.14), and Information Ratio of (0.21) to confirm the risk estimate we provide. The fund owns a Beta (Systematic Risk) of 0.49, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Qs International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Qs International is expected to be smaller as well.
Auto-correlation | 0.44 |
Average predictability
Qs International Equity has average predictability. Overlapping area represents the amount of predictability between Qs International time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th of December 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 Qs International Equity price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Qs International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.45 |
Qs International Equity lagged returns against current returns
Autocorrelation, which is Qs 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 Qs International's mutual fund expected returns. We can calculate the autocorrelation of Qs International returns to help us make a trade decision. For example, suppose you find that Qs 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 |
Qs 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 Qs International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qs 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 Qs International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Qs International Lagged Returns
When evaluating Qs International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qs International mutual fund have on its future price. Qs 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, Qs International autocorrelation shows the relationship between Qs International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Qs International Equity.
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 LMGEX Mutual Fund
Qs International financial ratios help investors to determine whether LMGEX 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 LMGEX with respect to the benefits of owning Qs International security.
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