Stone Toro Market Fund Market Value
| STMNX Fund | USD 25.89 0.02 0.08% |
| Symbol | Stone |
Stone Toro '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 Stone Toro'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 Stone Toro.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Stone Toro on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Stone Toro Market or generate 0.0% return on investment in Stone Toro over 30 days. Stone Toro is related to or competes with Baron Health, Health Care, Lord Abbett, Eventide Healthcare, Alphacentric Lifesci, Tekla Healthcare, and Highland Longshort. The fund invests in open-end investment companies and exchange-traded funds that primarily invest in tax-exempt municipa... More
Stone Toro 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 Stone Toro'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 Stone Toro Market upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.47) | |||
| Maximum Drawdown | 1.51 | |||
| Value At Risk | (0.46) | |||
| Potential Upside | 0.3076 |
Stone Toro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Stone Toro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Stone Toro's standard deviation. In reality, there are many statistical measures that can use Stone Toro historical prices to predict the future Stone Toro's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | 0.1328 |
Stone Toro Market Backtested Returns
Stone Toro Market owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0076, which indicates the fund had a -0.0076% return per unit of risk over the last 3 months. Stone Toro Market exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Stone Toro's Risk Adjusted Performance of (0.02), variance of 0.0725, and Coefficient Of Variation of (118,210) to confirm the risk estimate we provide. The entity has a beta of -0.077, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Stone Toro are expected to decrease at a much lower rate. During the bear market, Stone Toro is likely to outperform the market.
Auto-correlation | 0.56 |
Modest predictability
Stone Toro Market has modest predictability. Overlapping area represents the amount of predictability between Stone Toro time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Stone Toro Market price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Stone Toro price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Stone Toro Market lagged returns against current returns
Autocorrelation, which is Stone Toro 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 Stone Toro's mutual fund expected returns. We can calculate the autocorrelation of Stone Toro returns to help us make a trade decision. For example, suppose you find that Stone Toro 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 |
Stone Toro 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 Stone Toro mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Stone Toro mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Stone Toro mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Stone Toro Lagged Returns
When evaluating Stone Toro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Stone Toro mutual fund have on its future price. Stone Toro 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, Stone Toro autocorrelation shows the relationship between Stone Toro mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Stone Toro 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 Stone Mutual Fund
Stone Toro financial ratios help investors to determine whether Stone 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 Stone with respect to the benefits of owning Stone Toro security.
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