Leuthold Select Industries Fund Market Value
| LSLTX Fund | USD 36.84 0.49 1.31% |
| Symbol | Leuthold |
Leuthold Select '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 Leuthold Select'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 Leuthold Select.
| 02/16/2024 |
| 04/16/2024 |
If you would invest 0.00 in Leuthold Select on February 16, 2024 and sell it all today you would earn a total of 0.00 from holding Leuthold Select Industries or generate 0.0% return on investment in Leuthold Select over 60 days. Leuthold Select is related to or competes with Leuthold Global, Leuthold Global, Leuthold Core, Leuthold Core, and Grizzly Short. The fund seeks capital appreciation by investing substantially all of its assets in equity securities traded in the U.S More
Leuthold Select 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 Leuthold Select'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 Leuthold Select Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8144 | |||
| Information Ratio | 0.0454 | |||
| Maximum Drawdown | 3.34 | |||
| Value At Risk | (1.31) | |||
| Potential Upside | 1.24 |
Leuthold Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Leuthold Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Leuthold Select's standard deviation. In reality, there are many statistical measures that can use Leuthold Select historical prices to predict the future Leuthold Select's volatility.| Risk Adjusted Performance | 0.079 | |||
| Jensen Alpha | 0.0308 | |||
| Total Risk Alpha | 0.0212 | |||
| Sortino Ratio | 0.0454 | |||
| Treynor Ratio | 0.0803 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Leuthold Select'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.
Leuthold Select Indu Backtested Returns
We consider Leuthold Select very steady. Leuthold Select Indu has Sharpe Ratio of 0.14, which conveys that the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Leuthold Select, which you can use to evaluate the volatility of the fund. Please verify Leuthold Select's Downside Deviation of 0.8144, mean deviation of 0.6727, and Risk Adjusted Performance of 0.079 to check out if the risk estimate we provide is consistent with the expected return of 0.12%. The fund secures a Beta (Market Risk) of 1.12, which conveys a somewhat significant risk relative to the market. Leuthold Select returns are very sensitive to returns on the market. As the market goes up or down, Leuthold Select is expected to follow.
Auto-correlation | -0.25 |
Weak reverse predictability
Leuthold Select Industries has weak reverse predictability. Overlapping area represents the amount of predictability between Leuthold Select time series from 16th of February 2024 to 17th of March 2024 and 17th of March 2024 to 16th 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 Leuthold Select Indu price movement. The serial correlation of -0.25 indicates that over 25.0% of current Leuthold Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Leuthold Select Indu lagged returns against current returns
Autocorrelation, which is Leuthold Select 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 Leuthold Select's mutual fund expected returns. We can calculate the autocorrelation of Leuthold Select returns to help us make a trade decision. For example, suppose you find that Leuthold Select 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 |
Leuthold Select 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 Leuthold Select mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Leuthold Select mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Leuthold Select mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Leuthold Select Lagged Returns
When evaluating Leuthold Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Leuthold Select mutual fund have on its future price. Leuthold Select 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, Leuthold Select autocorrelation shows the relationship between Leuthold Select mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Leuthold Select Industries.
Regressed Prices |
| Timeline |
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Leuthold Select 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.