Stralem Equity Fund Market Value
STRAX Fund | USD 28.76 0.17 0.59% |
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.
02/27/2024 |
| 03/28/2024 |
If you would invest 0.00 in Stralem Equity on February 27, 2024 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 30 days. Stralem Equity is related to or competes with Sterling Capital, Sterling Capital, Sterling Capital, Sterling Capital, Sterling Capital, Sterling Capital, and Sterling Capital. 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 | 0.5259 | |||
Information Ratio | 0.1104 | |||
Maximum Drawdown | 2.57 | |||
Value At Risk | (0.71) | |||
Potential Upside | 1.18 |
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 | 0.1949 | |||
Jensen Alpha | 0.075 | |||
Total Risk Alpha | 0.061 | |||
Sortino Ratio | 0.1173 | |||
Treynor Ratio | 0.2083 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Stralem Equity'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.
Stralem Equity Fund Backtested Returns
Stralem Equity appears to be very steady, given 3 months investment horizon. Stralem Equity Fund owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.35, which indicates the fund had a 0.35% 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 review Stralem Equity's Risk Adjusted Performance of 0.1949, semi deviation of 0.0282, and Coefficient Of Variation of 285.11 to confirm if our risk estimates are consistent with your expectations. 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 | 0.90 |
Excellent predictability
Stralem Equity Fund has excellent predictability. Overlapping area represents the amount of predictability between Stralem Equity time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Fund price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Stralem Equity price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.9 | |
Spearman Rank Test | 0.78 | |
Residual Average | 0.0 | |
Price Variance | 0.13 |
Stralem Equity Fund 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 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Stralem Equity in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Stralem Equity's short interest history, or implied volatility extrapolated from Stralem Equity options trading.
Currently Active Assets on Macroaxis
Check out Stralem Equity Correlation, Stralem Equity Volatility and Stralem Equity Alpha and Beta module to complement your research on Stralem Equity. Note that the Stralem Equity Fund information on this page should be used as a complementary analysis to other Stralem Equity'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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Complementary Tools for Stralem Mutual Fund analysis
When running Stralem Equity's price analysis, check to measure Stralem Equity's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Stralem Equity is operating at the current time. Most of Stralem Equity's value examination focuses on studying past and present price action to predict the probability of Stralem Equity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stralem Equity's price. Additionally, you may evaluate how the addition of Stralem Equity to your portfolios can decrease your overall portfolio volatility.
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Stralem Equity 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.