International Small Pany Fund Market Value
| JSCIX Fund | USD 10.35 0.02 0.19% |
| Symbol | International |
International Small '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 International Small'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 International Small.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in International Small on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding International Small Pany or generate 0.0% return on investment in International Small over 30 days. International Small is related to or competes with Regional Bank, Regional Bank, Multimanager Lifestyle, Multimanager Lifestyle, Multimanager Lifestyle, Multimanager Lifestyle, and Multimanager Lifestyle. The fund invests at least 80 percent of its net assets in securities of small-cap companies in the particular markets in... More
International Small 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 International Small'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 International Small Pany upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7522 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.04 | |||
| Value At Risk | (1.19) | |||
| Potential Upside | 1.04 |
International Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for International Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as International Small's standard deviation. In reality, there are many statistical measures that can use International Small historical prices to predict the future International Small's volatility.| Risk Adjusted Performance | 0.0358 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0308 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of International Small's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
International Small Pany Backtested Returns
We consider International Small very steady. International Small Pany holds Efficiency (Sharpe) Ratio of 0.0556, which attests that the entity had a 0.0556% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for International Small Pany, which you can use to evaluate the volatility of the entity. Please check out International Small's Market Risk Adjusted Performance of 0.0408, downside deviation of 0.7522, and Risk Adjusted Performance of 0.0358 to validate if the risk estimate we provide is consistent with the expected return of 0.0362%. The fund retains a Market Volatility (i.e., Beta) of 0.9, which attests to possible diversification benefits within a given portfolio. International Small returns are very sensitive to returns on the market. As the market goes up or down, International Small is expected to follow.
Auto-correlation | -0.22 |
Weak reverse predictability
International Small Pany has weak reverse predictability. Overlapping area represents the amount of predictability between International Small time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 International Small Pany price movement. The serial correlation of -0.22 indicates that over 22.0% of current International Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
International Small Pany lagged returns against current returns
Autocorrelation, which is International Small 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 International Small's mutual fund expected returns. We can calculate the autocorrelation of International Small returns to help us make a trade decision. For example, suppose you find that International Small 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 |
International Small 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 International Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if International Small mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in International Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
International Small Lagged Returns
When evaluating International Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of International Small mutual fund have on its future price. International Small 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, International Small autocorrelation shows the relationship between International Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in International Small Pany.
Regressed Prices |
| Timeline |
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International Small technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.