Crossmark Steward Equity Fund Market Value
| SMNIX Fund | USD 28.52 0.21 0.74% |
| Symbol | Crossmark |
Crossmark Steward '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 Crossmark Steward'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 Crossmark Steward.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Crossmark Steward on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Crossmark Steward Equity or generate 0.0% return on investment in Crossmark Steward over 30 days. Crossmark Steward 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
Crossmark Steward 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 Crossmark Steward'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 Crossmark Steward Equity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.40) | |||
| Maximum Drawdown | 2.6 | |||
| Value At Risk | (0.95) | |||
| Potential Upside | 0.7692 |
Crossmark Steward Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Crossmark Steward's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Crossmark Steward's standard deviation. In reality, there are many statistical measures that can use Crossmark Steward historical prices to predict the future Crossmark Steward's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (3.43) |
Crossmark Steward Equity Backtested Returns
Crossmark Steward Equity secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the fund had a -0.15% return per unit of risk over the last 3 months. Crossmark Steward Equity exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Crossmark Steward's Standard Deviation of 0.4745, risk adjusted performance of (0.11), and Mean Deviation of 0.3556 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0214, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Crossmark Steward's returns are expected to increase less than the market. However, during the bear market, the loss of holding Crossmark Steward is expected to be smaller as well.
Auto-correlation | 0.50 |
Modest predictability
Crossmark Steward Equity has modest predictability. Overlapping area represents the amount of predictability between Crossmark Steward time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Crossmark Steward Equity price movement. The serial correlation of 0.5 indicates that about 50.0% of current Crossmark Steward price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Crossmark Steward Equity lagged returns against current returns
Autocorrelation, which is Crossmark Steward 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 Crossmark Steward's mutual fund expected returns. We can calculate the autocorrelation of Crossmark Steward returns to help us make a trade decision. For example, suppose you find that Crossmark Steward 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 |
Crossmark Steward 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 Crossmark Steward mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Crossmark Steward mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Crossmark Steward mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Crossmark Steward Lagged Returns
When evaluating Crossmark Steward's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Crossmark Steward mutual fund have on its future price. Crossmark Steward 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, Crossmark Steward autocorrelation shows the relationship between Crossmark Steward mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Crossmark Steward Equity.
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 Crossmark Mutual Fund
Crossmark Steward financial ratios help investors to determine whether Crossmark 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 Crossmark with respect to the benefits of owning Crossmark Steward security.
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. |