Steward Small Mid Cap Fund Market Value
| TRDFX Fund | USD 14.17 0.24 1.72% |
| Symbol | Steward |
Steward Small-mid '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 Small-mid'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 Small-mid.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Steward Small-mid on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Steward Small Mid Cap or generate 0.0% return on investment in Steward Small-mid over 720 days. Steward Small-mid is related to or competes with Steward Large, Steward Global, Steward Select, Steward Small-mid, and Buffalo Large. Under normal circumstances, the fund will invest at least 80 percent of its assets in the securities of small- to mid-ca... More
Steward Small-mid 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 Small-mid'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 Small Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9026 | |||
| Information Ratio | 0.0225 | |||
| Maximum Drawdown | 5.85 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 1.84 |
Steward Small-mid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Steward Small-mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Steward Small-mid's standard deviation. In reality, there are many statistical measures that can use Steward Small-mid historical prices to predict the future Steward Small-mid's volatility.| Risk Adjusted Performance | 0.1129 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.027 | |||
| Treynor Ratio | 0.1163 |
Steward Small Mid Backtested Returns
At this stage we consider Steward Mutual Fund to be very steady. Steward Small Mid 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. We have found twenty-eight technical indicators for Steward Small Mid Cap, which you can use to evaluate the volatility of the fund. Please validate Steward Small-mid's Semi Deviation of 0.6773, coefficient of variation of 697.35, and Risk Adjusted Performance of 0.1129 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. The entity has a beta of 1.25, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Steward Small-mid will likely underperform.
Auto-correlation | -0.37 |
Poor reverse predictability
Steward Small Mid Cap has poor reverse predictability. Overlapping area represents the amount of predictability between Steward Small-mid 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 Small Mid price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Steward Small-mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
Steward Small Mid lagged returns against current returns
Autocorrelation, which is Steward Small-mid 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 Small-mid's mutual fund expected returns. We can calculate the autocorrelation of Steward Small-mid returns to help us make a trade decision. For example, suppose you find that Steward Small-mid 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 Small-mid 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 Small-mid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Steward Small-mid 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 Small-mid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Steward Small-mid Lagged Returns
When evaluating Steward Small-mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Steward Small-mid mutual fund have on its future price. Steward Small-mid 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 Small-mid autocorrelation shows the relationship between Steward Small-mid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Steward Small Mid Cap.
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 Small-mid 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 Small-mid security.
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