Select Equity Fund Market Value
| RTDTX Fund | USD 20.64 0.10 0.49% |
| Symbol | Select |
Select Us '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 Select Us' 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 Select Us.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Select Us on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Select Equity Fund or generate 0.0% return on investment in Select Us over 720 days. Select Us is related to or competes with Blackrock Conservative, Lord Abbett, American Funds, Adams Diversified, Jhancock Diversified, Massmutual Premier, and Harbor Diversified. The fund has a non-fundamental policy to invest, under normal circumstances, at least 80 percent of the value of its net... More
Select Us 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 Select Us' 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 Select Equity Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8556 | |||
| Information Ratio | 0.0053 | |||
| Maximum Drawdown | 4.12 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.09 |
Select Us Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Select Us' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Select Us' standard deviation. In reality, there are many statistical measures that can use Select Us historical prices to predict the future Select Us' volatility.| Risk Adjusted Performance | 0.1291 | |||
| Jensen Alpha | 0.019 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.005 | |||
| Treynor Ratio | 0.1421 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Select Us' 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.
Select Equity Backtested Returns
At this stage we consider Select Mutual Fund to be very steady. Select Equity owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the fund had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Select Equity Fund, which you can use to evaluate the volatility of the fund. Please validate Select Us' Semi Deviation of 0.6798, coefficient of variation of 594.21, and Risk Adjusted Performance of 0.1291 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. The entity has a beta of 0.88, which indicates possible diversification benefits within a given portfolio. Select Us returns are very sensitive to returns on the market. As the market goes up or down, Select Us is expected to follow.
Auto-correlation | 0.79 |
Good predictability
Select Equity Fund has good predictability. Overlapping area represents the amount of predictability between Select Us time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Select Equity price movement. The serial correlation of 0.79 indicates that around 79.0% of current Select Us price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 1.5 |
Select Equity lagged returns against current returns
Autocorrelation, which is Select Us 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 Select Us' mutual fund expected returns. We can calculate the autocorrelation of Select Us returns to help us make a trade decision. For example, suppose you find that Select Us 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 |
Select Us 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 Select Us mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Select Us mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Select Us mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Select Us Lagged Returns
When evaluating Select Us' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Select Us mutual fund have on its future price. Select Us 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, Select Us autocorrelation shows the relationship between Select Us mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Select Equity 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 Select Mutual Fund
Select Us financial ratios help investors to determine whether Select 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 Select with respect to the benefits of owning Select Us security.
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