Stralem Equity Fund Market Value
| STRAX Fund | USD 32.30 0.09 0.28% |
| Symbol | Stralem |
Stralem 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 Stralem 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 Stralem Equity.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Stralem Equity on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Stralem Equity Fund or generate 0.0% return on investment in Stralem Equity over 720 days. Stralem Equity is related to or competes with Virtus Real, Msif Us, American Century, Us Real, Fidelity Advisor, and T Rowe. The fund normally invests at least 80 percent of its net assets plus borrowings for investment purposes in the equity se... More
Stralem 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 Stralem 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 Stralem Equity Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.578 | |||
| Information Ratio | 0.0146 | |||
| Maximum Drawdown | 3.77 | |||
| Value At Risk | (0.98) | |||
| Potential Upside | 1.22 |
Stralem Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Stralem Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Stralem Equity's standard deviation. In reality, there are many statistical measures that can use Stralem Equity historical prices to predict the future Stralem Equity's volatility.| Risk Adjusted Performance | 0.1435 | |||
| Jensen Alpha | 0.0245 | |||
| Total Risk Alpha | 0.0129 | |||
| Sortino Ratio | 0.019 | |||
| Treynor Ratio | 0.148 |
Stralem Equity Backtested Returns
At this stage we consider Stralem Mutual Fund to be out of control. Stralem Equity 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 Stralem Equity Fund, which you can use to evaluate the volatility of the fund. Please validate Stralem Equity's Coefficient Of Variation of 531.98, risk adjusted performance of 0.1435, and Semi Deviation of 0.3695 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. The entity has a beta of 0.89, which indicates possible diversification benefits within a given portfolio. Stralem Equity returns are very sensitive to returns on the market. As the market goes up or down, Stralem Equity is expected to follow.
Auto-correlation | 0.22 |
Weak predictability
Stralem Equity Fund has weak predictability. Overlapping area represents the amount of predictability between Stralem Equity time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Stralem Equity price movement. The serial correlation of 0.22 indicates that over 22.0% of current Stralem Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 3.82 |
Stralem Equity lagged returns against current returns
Autocorrelation, which is Stralem 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 Stralem Equity's mutual fund expected returns. We can calculate the autocorrelation of Stralem Equity returns to help us make a trade decision. For example, suppose you find that Stralem 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 |
Stralem 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 Stralem Equity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Stralem 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 Stralem Equity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Stralem Equity Lagged Returns
When evaluating Stralem Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Stralem Equity mutual fund have on its future price. Stralem 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, Stralem Equity autocorrelation shows the relationship between Stralem Equity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Stralem Equity 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 Stralem Mutual Fund
Stralem Equity financial ratios help investors to determine whether Stralem 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 Stralem with respect to the benefits of owning Stralem Equity security.
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