Causeway International Small Fund Market Value
| CIISX Fund | USD 15.41 0.08 0.52% |
| Symbol | Causeway |
Causeway International '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 Causeway International'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 Causeway International.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Causeway International on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Causeway International Small or generate 0.0% return on investment in Causeway International over 30 days. Causeway International is related to or competes with Causeway International, Causeway Emerging, Causeway Emerging, Causeway Global, Causeway Global, Causeway International, and Causeway International. The fund invests primarily in common stocks of companies with smaller market capitalizations located in developed and em... More
Causeway International 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 Causeway International'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 Causeway International Small upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7173 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 4.02 | |||
| Value At Risk | (1.08) | |||
| Potential Upside | 1.66 |
Causeway International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Causeway International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Causeway International's standard deviation. In reality, there are many statistical measures that can use Causeway International historical prices to predict the future Causeway International's volatility.| Risk Adjusted Performance | 0.0509 | |||
| Jensen Alpha | 0.0045 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | 0.1275 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Causeway International'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.
Causeway International Backtested Returns
At this stage we consider Causeway Mutual Fund to be very steady. Causeway International secures Sharpe Ratio (or Efficiency) of 0.0327, which signifies that the fund had a 0.0327% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Causeway International Small, which you can use to evaluate the volatility of the entity. Please confirm Causeway International's Downside Deviation of 0.7173, mean deviation of 0.5963, and Risk Adjusted Performance of 0.0509 to double-check if the risk estimate we provide is consistent with the expected return of 0.0254%. The fund shows a Beta (market volatility) of 0.35, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Causeway International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Causeway International is expected to be smaller as well.
Auto-correlation | -0.27 |
Weak reverse predictability
Causeway International Small has weak reverse predictability. Overlapping area represents the amount of predictability between Causeway International time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th of December 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 Causeway International price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Causeway International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Causeway International lagged returns against current returns
Autocorrelation, which is Causeway International 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 Causeway International's mutual fund expected returns. We can calculate the autocorrelation of Causeway International returns to help us make a trade decision. For example, suppose you find that Causeway International 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 |
Causeway International 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 Causeway International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Causeway International mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Causeway International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Causeway International Lagged Returns
When evaluating Causeway International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Causeway International mutual fund have on its future price. Causeway International 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, Causeway International autocorrelation shows the relationship between Causeway International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Causeway International Small.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Causeway Mutual Fund
Causeway International financial ratios help investors to determine whether Causeway Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Causeway with respect to the benefits of owning Causeway International security.
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