Summit Global Investments Fund Market Value
| SGICX Fund | USD 18.23 0.02 0.11% |
| Symbol | Summit |
Summit Global '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 Summit Global'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 Summit Global.
| 01/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Summit Global on January 20, 2024 and sell it all today you would earn a total of 0.00 from holding Summit Global Investments or generate 0.0% return on investment in Summit Global over 90 days. Summit Global is related to or competes with Ab All, Siit Emerging, T Rowe, Pnc Emerging, Shelton Emerging, and Rbc Emerging. The fund normally invests at least 80 percent of its net assets in equity securities, primarily common stocks, of compan... More
Summit Global 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 Summit Global'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 Summit Global Investments upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6266 | |||
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 2.14 | |||
| Value At Risk | (1.00) | |||
| Potential Upside | 0.8004 |
Summit Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Summit Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Summit Global's standard deviation. In reality, there are many statistical measures that can use Summit Global historical prices to predict the future Summit Global's volatility.| Risk Adjusted Performance | 0.0142 | |||
| Jensen Alpha | 0.0035 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 1.18 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Summit Global'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.
Summit Global Investments Backtested Returns
We consider Summit Global very steady. Summit Global Investments owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0254, which indicates the fund had a 0.0254% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Summit Global Investments, which you can use to evaluate the volatility of the fund. Please validate Summit Global's Risk Adjusted Performance of 0.0142, coefficient of variation of 3942.27, and Semi Deviation of 0.5595 to confirm if the risk estimate we provide is consistent with the expected return of 0.0137%. The entity has a beta of 0.0031, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Summit Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Summit Global is expected to be smaller as well.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Summit Global Investments has insignificant reverse predictability. Overlapping area represents the amount of predictability between Summit Global time series from 20th of January 2024 to 5th of March 2024 and 5th of March 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 Summit Global Investments price movement. The serial correlation of -0.2 indicates that over 20.0% of current Summit Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Summit Global Investments lagged returns against current returns
Autocorrelation, which is Summit Global 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 Summit Global's mutual fund expected returns. We can calculate the autocorrelation of Summit Global returns to help us make a trade decision. For example, suppose you find that Summit Global 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 |
Summit Global 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 Summit Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Summit Global mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Summit Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Summit Global Lagged Returns
When evaluating Summit Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Summit Global mutual fund have on its future price. Summit Global 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, Summit Global autocorrelation shows the relationship between Summit Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Summit Global Investments.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Summit Global Correlation, Summit Global Volatility and Summit Global Alpha and Beta module to complement your research on Summit Global. Note that the Summit Global Investments information on this page should be used as a complementary analysis to other Summit Global's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Summit Global 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.