International Opportunity Portfolio Fund Market Value
| MNOPX Fund | USD 29.46 0.05 0.17% |
| Symbol | International |
International Opportunity '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 Opportunity'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 Opportunity.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in International Opportunity on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding International Opportunity Portfolio or generate 0.0% return on investment in International Opportunity over 360 days. International Opportunity is related to or competes with Global Opportunity, International Advantage, Morgan Stanley, Growth Portfolio, and Baron Global. The fund invests primarily in established and emerging companies on an international basis, with capitalizations within ... More
International Opportunity 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 Opportunity'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 Opportunity Portfolio upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9773 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 5.9 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 1.98 |
International Opportunity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for International Opportunity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as International Opportunity's standard deviation. In reality, there are many statistical measures that can use International Opportunity historical prices to predict the future International Opportunity's volatility.| Risk Adjusted Performance | 0.0773 | |||
| Jensen Alpha | 0.0201 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1548 |
International Opportunity Backtested Returns
At this stage we consider International Mutual Fund to be very steady. International Opportunity holds Efficiency (Sharpe) Ratio of 0.1, which attests that the entity had a 0.1% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for International Opportunity, which you can use to evaluate the volatility of the entity. Please check out International Opportunity's Risk Adjusted Performance of 0.0773, downside deviation of 0.9773, and Market Risk Adjusted Performance of 0.1648 to validate if the risk estimate we provide is consistent with the expected return of 0.1%. The fund retains a Market Volatility (i.e., Beta) of 0.59, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, International Opportunity's returns are expected to increase less than the market. However, during the bear market, the loss of holding International Opportunity is expected to be smaller as well.
Auto-correlation | 0.77 |
Good predictability
International Opportunity Portfolio has good predictability. Overlapping area represents the amount of predictability between International Opportunity time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 International Opportunity price movement. The serial correlation of 0.77 indicates that around 77.0% of current International Opportunity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 2.07 |
International Opportunity lagged returns against current returns
Autocorrelation, which is International Opportunity 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 Opportunity's mutual fund expected returns. We can calculate the autocorrelation of International Opportunity returns to help us make a trade decision. For example, suppose you find that International Opportunity 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 Opportunity 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 Opportunity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if International Opportunity 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 Opportunity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
International Opportunity Lagged Returns
When evaluating International Opportunity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of International Opportunity mutual fund have on its future price. International Opportunity 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 Opportunity autocorrelation shows the relationship between International Opportunity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in International Opportunity Portfolio.
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 Opportunity 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 Opportunity security.
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