Steward Select Bond Fund Market Value
| SEACX Fund | USD 22.15 0.01 0.05% |
| Symbol | Steward |
Steward Select '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 Select'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 Select.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Steward Select on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Steward Select Bond or generate 0.0% return on investment in Steward Select over 720 days. Steward Select is related to or competes with Steward Small, Steward Small-mid, Steward Ered, Steward Covered, Steward Covered, Steward Select, and Steward Select. The fund invests primarily in fixed income securities, including, but not limited to, corporate bonds, mortgage-backed s... More
Steward Select 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 Select'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 Select Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.66) | |||
| Maximum Drawdown | 1.15 | |||
| Value At Risk | (0.49) | |||
| Potential Upside | 0.357 |
Steward Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Steward Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Steward Select's standard deviation. In reality, there are many statistical measures that can use Steward Select historical prices to predict the future Steward Select's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (1.67) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Steward Select'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 Select Bond Backtested Returns
Steward Select Bond owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0983, which indicates the fund had a -0.0983% return per unit of risk over the last 3 months. Steward Select Bond exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Steward Select's Coefficient Of Variation of (1,067), risk adjusted performance of (0.1), and Variance of 0.0524 to confirm the risk estimate we provide. The entity has a beta of 0.0189, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Steward Select's returns are expected to increase less than the market. However, during the bear market, the loss of holding Steward Select is expected to be smaller as well.
Auto-correlation | -0.41 |
Modest reverse predictability
Steward Select Bond has modest reverse predictability. Overlapping area represents the amount of predictability between Steward Select time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 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 Select Bond price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Steward Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Steward Select Bond lagged returns against current returns
Autocorrelation, which is Steward Select 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 Select's mutual fund expected returns. We can calculate the autocorrelation of Steward Select returns to help us make a trade decision. For example, suppose you find that Steward Select 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 Select 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 Select mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Steward Select 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 Select mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Steward Select Lagged Returns
When evaluating Steward Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Steward Select mutual fund have on its future price. Steward Select 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 Select autocorrelation shows the relationship between Steward Select mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Steward Select Bond.
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 Select 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 Select security.
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