Smi Servative Allocation Fund Market Value
| SMILX Fund | USD 11.33 0.10 0.89% |
| Symbol | Smi |
Smi Conservative '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 Smi Conservative'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 Smi Conservative.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Smi Conservative on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Smi Servative Allocation or generate 0.0% return on investment in Smi Conservative over 30 days. Smi Conservative is related to or competes with Nasdaq 100, Pnc Emerging, Eagle Mlp, Angel Oak, Shelton Emerging, Siit Emerging, and Rbc Bluebay. The fund primarily invests in open-end equity mutual funds, ETFs and publicly traded partnerships using its Stock Upgrad... More
Smi Conservative 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 Smi Conservative'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 Smi Servative Allocation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6215 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.23 | |||
| Value At Risk | (0.80) | |||
| Potential Upside | 1.5 |
Smi Conservative Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Smi Conservative's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Smi Conservative's standard deviation. In reality, there are many statistical measures that can use Smi Conservative historical prices to predict the future Smi Conservative's volatility.| Risk Adjusted Performance | 0.1024 | |||
| Jensen Alpha | 7.0E-4 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.1218 |
Smi Servative Allocation Backtested Returns
At this stage we consider Smi Mutual Fund to be very steady. Smi Servative Allocation owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the fund had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Smi Servative Allocation, which you can use to evaluate the volatility of the fund. Please validate Smi Conservative's Semi Deviation of 0.43, risk adjusted performance of 0.1024, and Coefficient Of Variation of 742.45 to confirm if the risk estimate we provide is consistent with the expected return of 0.0803%. The entity has a beta of 0.7, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Smi Conservative's returns are expected to increase less than the market. However, during the bear market, the loss of holding Smi Conservative is expected to be smaller as well.
Auto-correlation | 0.69 |
Good predictability
Smi Servative Allocation has good predictability. Overlapping area represents the amount of predictability between Smi Conservative time series from 25th of October 2024 to 9th of November 2024 and 9th of November 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 Smi Servative Allocation price movement. The serial correlation of 0.69 indicates that around 69.0% of current Smi Conservative price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Smi Servative Allocation lagged returns against current returns
Autocorrelation, which is Smi Conservative 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 Smi Conservative's mutual fund expected returns. We can calculate the autocorrelation of Smi Conservative returns to help us make a trade decision. For example, suppose you find that Smi Conservative 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 |
Smi Conservative 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 Smi Conservative mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Smi Conservative mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Smi Conservative mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Smi Conservative Lagged Returns
When evaluating Smi Conservative's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Smi Conservative mutual fund have on its future price. Smi Conservative 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, Smi Conservative autocorrelation shows the relationship between Smi Conservative mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Smi Servative Allocation.
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 Smi Mutual Fund
Smi Conservative financial ratios help investors to determine whether Smi 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 Smi with respect to the benefits of owning Smi Conservative security.
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