Brandes Separately Managed Fund Market Value
| SMARX Fund | USD 7.97 0.01 0.13% |
| Symbol | Brandes |
Brandes Separately '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 Brandes Separately'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 Brandes Separately.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Brandes Separately on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Brandes Separately Managed or generate 0.0% return on investment in Brandes Separately over 30 days. Brandes Separately is related to or competes with Oklahoma Municipal, T Rowe, Counterpoint Tactical, Baird Strategic, Transamerica Intermediate, Nebraska Municipal, and Alliancebernstein. The fund invests primarily in a diversified portfolio of debt securities More
Brandes Separately 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 Brandes Separately'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 Brandes Separately Managed upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.51) | |||
| Maximum Drawdown | 1.01 | |||
| Value At Risk | (0.50) | |||
| Potential Upside | 0.3783 |
Brandes Separately Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brandes Separately's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brandes Separately's standard deviation. In reality, there are many statistical measures that can use Brandes Separately historical prices to predict the future Brandes Separately's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (0.45) |
Brandes Separately Backtested Returns
Brandes Separately secures Sharpe Ratio (or Efficiency) of -0.0288, which signifies that the fund had a -0.0288% return per unit of standard deviation over the last 3 months. Brandes Separately Managed exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Brandes Separately's mean deviation of 0.1943, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0386, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Brandes Separately's returns are expected to increase less than the market. However, during the bear market, the loss of holding Brandes Separately is expected to be smaller as well.
Auto-correlation | 0.19 |
Very weak predictability
Brandes Separately Managed has very weak predictability. Overlapping area represents the amount of predictability between Brandes Separately time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Brandes Separately price movement. The serial correlation of 0.19 indicates that over 19.0% of current Brandes Separately price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Brandes Separately lagged returns against current returns
Autocorrelation, which is Brandes Separately 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 Brandes Separately's mutual fund expected returns. We can calculate the autocorrelation of Brandes Separately returns to help us make a trade decision. For example, suppose you find that Brandes Separately 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 |
Brandes Separately 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 Brandes Separately mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brandes Separately mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brandes Separately mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Brandes Separately Lagged Returns
When evaluating Brandes Separately's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brandes Separately mutual fund have on its future price. Brandes Separately 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, Brandes Separately autocorrelation shows the relationship between Brandes Separately mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Brandes Separately Managed.
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 Brandes Mutual Fund
Brandes Separately financial ratios help investors to determine whether Brandes 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 Brandes with respect to the benefits of owning Brandes Separately security.
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