Spirit Of America Fund Market Value
| SOAEX Fund | USD 13.88 0.10 0.73% |
| Symbol | Spirit |
Spirit Of '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 Spirit Of'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 Spirit Of.
| 05/18/2022 |
| 05/07/2024 |
If you would invest 0.00 in Spirit Of on May 18, 2022 and sell it all today you would earn a total of 0.00 from holding Spirit Of America or generate 0.0% return on investment in Spirit Of over 720 days. Spirit Of is related to or competes with Spirit Of, Spirit Of, Vanguard 500, Redwood Systematic, Pimco Dynamic, State Farm, and Vanguard 500. The fund seeks to achieve its investment objective by investing at least 80 percent of its net assets plus any borrowing... More
Spirit Of 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 Spirit Of'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 Spirit Of America upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9114 | |||
| Information Ratio | 0.0942 | |||
| Maximum Drawdown | 5.25 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.31 |
Spirit Of Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spirit Of's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spirit Of's standard deviation. In reality, there are many statistical measures that can use Spirit Of historical prices to predict the future Spirit Of's volatility.| Risk Adjusted Performance | 0.1186 | |||
| Jensen Alpha | 0.0924 | |||
| Total Risk Alpha | 0.0569 | |||
| Sortino Ratio | 0.0847 | |||
| Treynor Ratio | 0.1857 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Spirit Of'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.
Spirit Of America Backtested Returns
We consider Spirit Of very steady. Spirit Of America owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates the fund had a 0.2% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Spirit Of America, which you can use to evaluate the volatility of the fund. Please validate Spirit Of's Semi Deviation of 0.7123, coefficient of variation of 537.38, and Risk Adjusted Performance of 0.1186 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. The entity has a beta of 0.77, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Spirit Of's returns are expected to increase less than the market. However, during the bear market, the loss of holding Spirit Of is expected to be smaller as well.
Auto-correlation | 0.39 |
Below average predictability
Spirit Of America has below average predictability. Overlapping area represents the amount of predictability between Spirit Of time series from 18th of May 2022 to 13th of May 2023 and 13th of May 2023 to 7th of May 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 Spirit Of America price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Spirit Of price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 1.02 |
Spirit Of America lagged returns against current returns
Autocorrelation, which is Spirit Of 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 Spirit Of's mutual fund expected returns. We can calculate the autocorrelation of Spirit Of returns to help us make a trade decision. For example, suppose you find that Spirit Of 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 |
Spirit Of 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 Spirit Of mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spirit Of mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spirit Of mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Spirit Of Lagged Returns
When evaluating Spirit Of's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spirit Of mutual fund have on its future price. Spirit Of 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, Spirit Of autocorrelation shows the relationship between Spirit Of mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Spirit Of America.
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 Spirit Of 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, Spirit Of's short interest history, or implied volatility extrapolated from Spirit Of options trading.
Currently Active Assets on Macroaxis
Check out Spirit Of Correlation, Spirit Of Volatility and Spirit Of Alpha and Beta module to complement your research on Spirit Of. Note that the Spirit Of America information on this page should be used as a complementary analysis to other Spirit Of'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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Spirit Of 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.