Sequoia Fund Inc Fund Market Value
| SEQUX Fund | USD 189.97 1.20 0.64% |
| Symbol | Sequoia |
Sequoia Fund '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 Sequoia Fund'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 Sequoia Fund.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Sequoia Fund on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Sequoia Fund Inc or generate 0.0% return on investment in Sequoia Fund over 30 days. Sequoia Fund is related to or competes with Longleaf Partners, The Fairholme, Amg Yacktman, Clipper Fund, and Fpa Crescent. The funds investment objective is long-term growth of capital More
Sequoia Fund 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 Sequoia Fund'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 Sequoia Fund Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.16 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 7.05 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 1.27 |
Sequoia Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sequoia Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sequoia Fund's standard deviation. In reality, there are many statistical measures that can use Sequoia Fund historical prices to predict the future Sequoia Fund's volatility.| Risk Adjusted Performance | 0.0194 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | 0.0129 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sequoia Fund'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.
Sequoia Fund Backtested Returns
At this stage we consider Sequoia Mutual Fund to be very steady. Sequoia Fund owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.041, which indicates the fund had a 0.041% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Sequoia Fund Inc, which you can use to evaluate the volatility of the fund. Please validate Sequoia Fund's Risk Adjusted Performance of 0.0194, coefficient of variation of 4484.17, and Semi Deviation of 1.07 to confirm if the risk estimate we provide is consistent with the expected return of 0.0407%. The entity has a beta of 0.95, which indicates possible diversification benefits within a given portfolio. Sequoia Fund returns are very sensitive to returns on the market. As the market goes up or down, Sequoia Fund is expected to follow.
Auto-correlation | 0.16 |
Very weak predictability
Sequoia Fund Inc has very weak predictability. Overlapping area represents the amount of predictability between Sequoia Fund time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Sequoia Fund price movement. The serial correlation of 0.16 indicates that over 16.0% of current Sequoia Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 4.73 |
Sequoia Fund lagged returns against current returns
Autocorrelation, which is Sequoia Fund 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 Sequoia Fund's mutual fund expected returns. We can calculate the autocorrelation of Sequoia Fund returns to help us make a trade decision. For example, suppose you find that Sequoia Fund 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 |
Sequoia Fund 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 Sequoia Fund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sequoia Fund mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sequoia Fund mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Sequoia Fund Lagged Returns
When evaluating Sequoia Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sequoia Fund mutual fund have on its future price. Sequoia Fund 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, Sequoia Fund autocorrelation shows the relationship between Sequoia Fund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sequoia Fund Inc.
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 Sequoia Mutual Fund
Sequoia Fund financial ratios help investors to determine whether Sequoia 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 Sequoia with respect to the benefits of owning Sequoia Fund security.
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