Steelpath Select 40 Fund Manager Performance Evaluation
| MLPEX Fund | USD 6.78 0.03 0.44% |
The entity has a beta of 0.62, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Steelpath Select's returns are expected to increase less than the market. However, during the bear market, the loss of holding Steelpath Select is expected to be smaller as well.
Risk-Adjusted Performance
20 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Steelpath Select 40 are ranked lower than 20 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak technical and fundamental indicators, Steelpath Select may actually be approaching a critical reversion point that can send shares even higher in May 2024.
...more| Expense Ratio Date | 30th of March 2023 | |
| Expense Ratio | 7.3400 |
Steelpath |
Steelpath Select Relative Risk vs. Return Landscape
If you would invest 614.00 in Steelpath Select 40 on January 24, 2024 and sell it today you would earn a total of 64.00 from holding Steelpath Select 40 or generate 10.42% return on investment over 90 days. Steelpath Select 40 is currently producing 0.1594% returns and takes up 0.6198% volatility of returns over 90 trading days. Put another way, 5% of traded mutual funds are less volatile than Steelpath, and 97% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Steelpath Select Current Valuation
Undervalued
Today
Please note that Steelpath Select's price fluctuation is very steady at this time. At this time, the fund appears to be undervalued. Steelpath Select has a current Real Value of $7.15 per share. The regular price of the fund is $6.78. We determine the value of Steelpath Select from inspecting fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will draw towards each other.
Our valuation method for Steelpath Select 40 is useful when determining the fair value of the Steelpath mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of Steelpath Select. Since Steelpath Select is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Steelpath Mutual Fund. However, Steelpath Select's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 6.78 | Real 7.15 | Hype 6.75 |
The real value of Steelpath Mutual Fund, also known as its intrinsic value, is the underlying worth of Steelpath Select Mutual Fund, which is reflected in its stock price. It is based on Steelpath Select's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of Steelpath Select's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Steelpath Select's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Steelpath Select 40 helps investors to forecast how Steelpath mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Steelpath Select more accurately as focusing exclusively on Steelpath Select's fundamentals will not take into account other important factors: Steelpath Select Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Steelpath Select's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Steelpath Select 40, and traders can use it to determine the average amount a Steelpath Select's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.2572
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | MLPEX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.62 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.16 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.26 actual daily | 20 80% of assets perform better |
Based on monthly moving average Steelpath Select is performing at about 20% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Steelpath Select by adding it to a well-diversified portfolio.
Steelpath Select Fundamentals Growth
Steelpath Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Steelpath Select, and Steelpath Select fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Steelpath Mutual Fund performance.
| Price To Earning | 18.91 X | ||||
| Price To Book | 1.43 X | ||||
| Price To Sales | 0.67 X | ||||
| Total Asset | 165.78 M | ||||
About Steelpath Select Performance
To evaluate Steelpath Select Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Steelpath Select generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Steelpath Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Steelpath Select market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Steelpath's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.Under normal circumstances, the fund invests at least 80 percent of its net assets in master limited partnership investments of issuers that are engaged in the transportation, storage, processing, refining, marketing, exploration, production, and mining of minerals and natural resources, and in derivatives and other instruments that have economic characteristics similar to such securities.Things to note about Steelpath Select performance evaluation
Checking the ongoing alerts about Steelpath Select for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Steelpath Select help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund generated-2.0 ten year return of -2.0% | |
| Steelpath Select maintains 98.6% of its assets in stocks |
- Analyzing Steelpath Select's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Steelpath Select's stock is overvalued or undervalued compared to its peers.
- Examining Steelpath Select's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Steelpath Select's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Steelpath Select's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Steelpath Select's mutual fund. These opinions can provide insight into Steelpath Select's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Steelpath Select 40. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Steelpath Select information on this page should be used as a complementary analysis to other Steelpath Select'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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.