Sound Shore Fund Market Value
| SSHFX Fund | USD 50.05 0.27 0.54% |
| Symbol | Sound |
Sound Shore '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 Sound Shore'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 Sound Shore.
| 09/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Sound Shore on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Sound Shore Fund or generate 0.0% return on investment in Sound Shore over 60 days. Sound Shore is related to or competes with Bbh Intermediate, Calamos Dynamic, Vanguard High-yield, Blrc Sgy, Ms Global, Versatile Bond, and California Bond. The funds Adviser seeks to meet the funds investment objective of growth of capital by employing a value investment stra... More
Sound Shore 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 Sound Shore'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 Sound Shore Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6101 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 3.39 | |||
| Value At Risk | (0.83) | |||
| Potential Upside | 1.11 |
Sound Shore Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sound Shore's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sound Shore's standard deviation. In reality, there are many statistical measures that can use Sound Shore historical prices to predict the future Sound Shore's volatility.| Risk Adjusted Performance | 0.1133 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1184 |
Sound Shore Fund Backtested Returns
At this stage we consider Sound Mutual Fund to be very steady. Sound Shore Fund owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the fund had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Sound Shore Fund, which you can use to evaluate the volatility of the fund. Please validate Sound Shore's Semi Deviation of 0.4297, coefficient of variation of 669.4, and Risk Adjusted Performance of 0.1133 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. The entity has a beta of 0.8, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sound Shore's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sound Shore is expected to be smaller as well.
Auto-correlation | 0.50 |
Modest predictability
Sound Shore Fund has modest predictability. Overlapping area represents the amount of predictability between Sound Shore time series from 28th of September 2024 to 28th of October 2024 and 28th of October 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 Sound Shore Fund price movement. The serial correlation of 0.5 indicates that about 50.0% of current Sound Shore price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.81 |
Sound Shore Fund lagged returns against current returns
Autocorrelation, which is Sound Shore 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 Sound Shore's mutual fund expected returns. We can calculate the autocorrelation of Sound Shore returns to help us make a trade decision. For example, suppose you find that Sound Shore 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 |
Sound Shore 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 Sound Shore mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sound Shore mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sound Shore mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Sound Shore Lagged Returns
When evaluating Sound Shore's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sound Shore mutual fund have on its future price. Sound Shore 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, Sound Shore autocorrelation shows the relationship between Sound Shore mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sound Shore Fund.
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 Sound Mutual Fund
Sound Shore financial ratios help investors to determine whether Sound 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 Sound with respect to the benefits of owning Sound Shore security.
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