Stewart Global Equity Fund Market Value
| SGISX Fund | USD 34.84 0.38 1.10% |
| Symbol | Stewart |
Stewart Global '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 Stewart Global'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 Stewart Global.
| 05/04/2023 |
| 11/24/2024 |
If you would invest 0.00 in Stewart Global on May 4, 2023 and sell it all today you would earn a total of 0.00 from holding Stewart Global Equity or generate 0.0% return on investment in Stewart Global over 570 days. Stewart Global is related to or competes with Steward Large, Steward Small-mid, Morningstar Unconstrained, Thrivent High, Via Renewables, T Rowe, and 70082LAB3. The fund invests in U.S. and non-U.S. dividend-paying stocks that have demonstrated above-median yield and a positive tr... More
Stewart Global 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 Stewart Global'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 Stewart Global Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7805 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 3.7 | |||
| Value At Risk | (1.26) | |||
| Potential Upside | 1.4 |
Stewart Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Stewart Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Stewart Global's standard deviation. In reality, there are many statistical measures that can use Stewart Global historical prices to predict the future Stewart Global's volatility.| Risk Adjusted Performance | 0.0254 | |||
| Jensen Alpha | 0.0195 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | (0.43) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Stewart Global'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.
Stewart Global Equity Backtested Returns
At this stage we consider Stewart Mutual Fund to be very steady. Stewart Global Equity owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0251, which indicates the fund had a 0.0251% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Stewart Global Equity, which you can use to evaluate the volatility of the fund. Please validate Stewart Global's Risk Adjusted Performance of 0.0254, coefficient of variation of 3010.55, and Semi Deviation of 0.6818 to confirm if the risk estimate we provide is consistent with the expected return of 0.0181%. The entity has a beta of -0.0355, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Stewart Global are expected to decrease at a much lower rate. During the bear market, Stewart Global is likely to outperform the market.
Auto-correlation | 0.69 |
Good predictability
Stewart Global Equity has good predictability. Overlapping area represents the amount of predictability between Stewart Global time series from 4th of May 2023 to 13th of February 2024 and 13th of February 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 Stewart Global Equity price movement. The serial correlation of 0.69 indicates that around 69.0% of current Stewart Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 1.36 |
Stewart Global Equity lagged returns against current returns
Autocorrelation, which is Stewart Global 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 Stewart Global's mutual fund expected returns. We can calculate the autocorrelation of Stewart Global returns to help us make a trade decision. For example, suppose you find that Stewart Global 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 |
Stewart Global 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 Stewart Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Stewart Global mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Stewart Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Stewart Global Lagged Returns
When evaluating Stewart Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Stewart Global mutual fund have on its future price. Stewart Global 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, Stewart Global autocorrelation shows the relationship between Stewart Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Stewart Global Equity.
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 Stewart Mutual Fund
Stewart Global financial ratios help investors to determine whether Stewart 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 Stewart with respect to the benefits of owning Stewart Global security.
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