Steward Equity Market Fund Market Value
| SMNAX Fund | USD 28.30 0.01 0.04% |
| Symbol | Steward |
Steward Equity '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 Steward Equity'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 Steward Equity.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Steward Equity on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Steward Equity Market or generate 0.0% return on investment in Steward Equity over 720 days. Steward Equity is related to or competes with Steward Small, Steward Small-mid, Steward Ered, Steward Covered, Steward Select, Steward Select, and Steward Select. Under normal market conditions, the fund invests at least 80 percent of its assets in equity securities More
Steward Equity 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 Steward Equity'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 Steward Equity Market upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.39) | |||
| Maximum Drawdown | 2.57 | |||
| Value At Risk | (0.92) | |||
| Potential Upside | 0.7749 |
Steward Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Steward Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Steward Equity's standard deviation. In reality, there are many statistical measures that can use Steward Equity historical prices to predict the future Steward Equity's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (1.81) |
Steward Equity Market Backtested Returns
Steward Equity Market 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. Steward Equity Market exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Steward Equity's Risk Adjusted Performance of (0.1), coefficient of variation of (851.51), and Variance of 0.2243 to confirm the risk estimate we provide. The entity has a beta of 0.0363, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Steward Equity's returns are expected to increase less than the market. However, during the bear market, the loss of holding Steward Equity is expected to be smaller as well.
Auto-correlation | -0.08 |
Very weak reverse predictability
Steward Equity Market has very weak reverse predictability. Overlapping area represents the amount of predictability between Steward Equity time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd 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 Steward Equity Market price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Steward Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Steward Equity Market lagged returns against current returns
Autocorrelation, which is Steward Equity 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 Steward Equity's mutual fund expected returns. We can calculate the autocorrelation of Steward Equity returns to help us make a trade decision. For example, suppose you find that Steward Equity 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 |
Steward Equity 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 Steward Equity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Steward Equity mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Steward Equity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Steward Equity Lagged Returns
When evaluating Steward Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Steward Equity mutual fund have on its future price. Steward Equity 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, Steward Equity autocorrelation shows the relationship between Steward Equity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Steward Equity Market.
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 Steward Mutual Fund
Steward Equity financial ratios help investors to determine whether Steward 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 Steward with respect to the benefits of owning Steward Equity security.
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