Steward Ered Call Fund Market Value
| SCJCX Fund | USD 8.25 0.02 0.24% |
| Symbol | Steward |
Steward Covered '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 Steward Covered'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 Steward Covered.
| 09/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Steward Covered on September 24, 2024 and sell it all today you would earn a total of 0.00 from holding Steward Ered Call or generate 0.0% return on investment in Steward Covered over 60 days. Steward Covered is related to or competes with Pace Smallmedium, Fidelity Small, Amg River, Palm Valley, Hennessy Nerstone, Northern Small, and Fpa Queens. The fund invests in a portfolio of large cap, dividend paying, equity securities that are listed on U.S More
Steward Covered 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 Steward Covered'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 Steward Ered Call upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5633 | |||
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 2.43 | |||
| Value At Risk | (0.98) | |||
| Potential Upside | 0.7576 |
Steward Covered Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Steward Covered's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Steward Covered's standard deviation. In reality, there are many statistical measures that can use Steward Covered historical prices to predict the future Steward Covered's volatility.| Risk Adjusted Performance | 0.0724 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | 0.0794 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Steward Covered'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.
Steward Ered Call Backtested Returns
At this stage we consider Steward Mutual Fund to be very steady. Steward Ered Call owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0882, which indicates the fund had a 0.0882% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Steward Ered Call, which you can use to evaluate the volatility of the fund. Please validate Steward Covered's Risk Adjusted Performance of 0.0724, coefficient of variation of 990.89, and Semi Deviation of 0.4707 to confirm if the risk estimate we provide is consistent with the expected return of 0.0448%. The entity has a beta of 0.53, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Steward Covered's returns are expected to increase less than the market. However, during the bear market, the loss of holding Steward Covered is expected to be smaller as well.
Auto-correlation | 0.53 |
Modest predictability
Steward Ered Call has modest predictability. Overlapping area represents the amount of predictability between Steward Covered time series from 24th of September 2024 to 24th of October 2024 and 24th of October 2024 to 23rd 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 Steward Ered Call price movement. The serial correlation of 0.53 indicates that about 53.0% of current Steward Covered price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Steward Ered Call lagged returns against current returns
Autocorrelation, which is Steward Covered 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 Steward Covered's mutual fund expected returns. We can calculate the autocorrelation of Steward Covered returns to help us make a trade decision. For example, suppose you find that Steward Covered 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 |
Steward Covered 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 Steward Covered mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Steward Covered mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Steward Covered mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Steward Covered Lagged Returns
When evaluating Steward Covered's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Steward Covered mutual fund have on its future price. Steward Covered 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, Steward Covered autocorrelation shows the relationship between Steward Covered mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Steward Ered Call.
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 Steward Mutual Fund
Steward Covered financial ratios help investors to determine whether Steward 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 Steward with respect to the benefits of owning Steward Covered security.
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