Sextant International Fund Market Value
| SIFZX Fund | USD 23.14 0.19 0.81% |
| Symbol | Sextant |
Sextant International '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 Sextant International'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 Sextant International.
| 11/20/2023 |
| 12/14/2024 |
If you would invest 0.00 in Sextant International on November 20, 2023 and sell it all today you would earn a total of 0.00 from holding Sextant International Fund or generate 0.0% return on investment in Sextant International over 390 days. Sextant International is related to or competes with Sextant Growth, Amana Income, Amana Growth, Sextant Bond, and Sextant Global. The fund diversifies its investments among many countries, predominantly those with mature markets More
Sextant International 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 Sextant International'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 Sextant International Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 4.4 | |||
| Value At Risk | (1.42) | |||
| Potential Upside | 1.2 |
Sextant International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sextant International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sextant International's standard deviation. In reality, there are many statistical measures that can use Sextant International historical prices to predict the future Sextant International's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.19) |
Sextant International Backtested Returns
Sextant International owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0425, which indicates the fund had a -0.0425% return per unit of risk over the last 3 months. Sextant International Fund exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sextant International's Coefficient Of Variation of (8,662), variance of 0.6938, and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The entity has a beta of 0.1, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sextant International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sextant International is expected to be smaller as well.
Auto-correlation | 0.03 |
Virtually no predictability
Sextant International Fund has virtually no predictability. Overlapping area represents the amount of predictability between Sextant International time series from 20th of November 2023 to 2nd of June 2024 and 2nd of June 2024 to 14th 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 Sextant International price movement. The serial correlation of 0.03 indicates that only 3.0% of current Sextant International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Sextant International lagged returns against current returns
Autocorrelation, which is Sextant International 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 Sextant International's mutual fund expected returns. We can calculate the autocorrelation of Sextant International returns to help us make a trade decision. For example, suppose you find that Sextant International 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 |
Sextant International 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 Sextant International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sextant International mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sextant International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Sextant International Lagged Returns
When evaluating Sextant International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sextant International mutual fund have on its future price. Sextant International 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, Sextant International autocorrelation shows the relationship between Sextant International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sextant International 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 Sextant Mutual Fund
Sextant International financial ratios help investors to determine whether Sextant 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 Sextant with respect to the benefits of owning Sextant International security.
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