Selected American Shares Fund Market Value
| SLASX Fund | USD 39.56 0.22 0.56% |
| Symbol | Selected |
Selected American '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 Selected American'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 Selected American.
| 11/25/2024 |
| 01/24/2025 |
If you would invest 0.00 in Selected American on November 25, 2024 and sell it all today you would earn a total of 0.00 from holding Selected American Shares or generate 0.0% return on investment in Selected American over 60 days. Selected American is related to or competes with Marsico Focus, Artisan International, Third Avenue, Oakmark Select, and William Blair. The fund invests at least 80 percent of its net assets, plus any borrowing for investment purposes, in securities issued... More
Selected American 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 Selected American'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 Selected American Shares upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 15.0 | |||
| Value At Risk | (1.48) | |||
| Potential Upside | 1.21 |
Selected American Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Selected American's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Selected American's standard deviation. In reality, there are many statistical measures that can use Selected American historical prices to predict the future Selected American's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.23) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Selected American'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.
Selected American Shares Backtested Returns
Selected American Shares owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0637, which indicates the fund had a -0.0637 % return per unit of risk over the last 3 months. Selected American Shares exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Selected American's Coefficient Of Variation of (1,759), risk adjusted performance of (0.04), and Variance of 2.8 to confirm the risk estimate we provide. The entity has a beta of 0.46, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Selected American's returns are expected to increase less than the market. However, during the bear market, the loss of holding Selected American is expected to be smaller as well.
Auto-correlation | -0.88 |
Excellent reverse predictability
Selected American Shares has excellent reverse predictability. Overlapping area represents the amount of predictability between Selected American time series from 25th of November 2024 to 25th of December 2024 and 25th of December 2024 to 24th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Selected American Shares price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current Selected American price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.88 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.44 |
Selected American Shares lagged returns against current returns
Autocorrelation, which is Selected American 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 Selected American's mutual fund expected returns. We can calculate the autocorrelation of Selected American returns to help us make a trade decision. For example, suppose you find that Selected American 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 |
Selected American 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 Selected American mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Selected American mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Selected American mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Selected American Lagged Returns
When evaluating Selected American's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Selected American mutual fund have on its future price. Selected American 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, Selected American autocorrelation shows the relationship between Selected American mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Selected American Shares.
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 Selected Mutual Fund
Selected American financial ratios help investors to determine whether Selected 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 Selected with respect to the benefits of owning Selected American security.
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Transaction History View history of all your transactions and understand their impact on performance |