International Advantage Portfolio Fund Market Value
| MFAPX Fund | USD 23.68 0.10 0.42% |
| Symbol | International |
International Advantage '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 International Advantage'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 International Advantage.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in International Advantage on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding International Advantage Portfolio or generate 0.0% return on investment in International Advantage over 180 days. International Advantage is related to or competes with International Opportunity, Global Opportunity, Wcm Focused, Growth Portfolio, and Artisan Developing. The fund invests primarily in established companies on an international basis, with capitalizations within the range of ... More
International Advantage 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 International Advantage'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 International Advantage Portfolio upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.03 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 5.81 | |||
| Value At Risk | (1.45) | |||
| Potential Upside | 1.47 |
International Advantage Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for International Advantage's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as International Advantage's standard deviation. In reality, there are many statistical measures that can use International Advantage historical prices to predict the future International Advantage's volatility.| Risk Adjusted Performance | 0.0093 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | (0) |
International Advantage Backtested Returns
At this stage we consider International Mutual Fund to be very steady. International Advantage holds Efficiency (Sharpe) Ratio of 0.0264, which attests that the entity had a 0.0264% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for International Advantage, which you can use to evaluate the volatility of the entity. Please check out International Advantage's Market Risk Adjusted Performance of 0.0086, risk adjusted performance of 0.0093, and Downside Deviation of 1.03 to validate if the risk estimate we provide is consistent with the expected return of 0.0271%. The fund retains a Market Volatility (i.e., Beta) of 0.67, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, International Advantage's returns are expected to increase less than the market. However, during the bear market, the loss of holding International Advantage is expected to be smaller as well.
Auto-correlation | -0.2 |
Insignificant reverse predictability
International Advantage Portfolio has insignificant reverse predictability. Overlapping area represents the amount of predictability between International Advantage time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 International Advantage price movement. The serial correlation of -0.2 indicates that over 20.0% of current International Advantage price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
International Advantage lagged returns against current returns
Autocorrelation, which is International Advantage 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 International Advantage's mutual fund expected returns. We can calculate the autocorrelation of International Advantage returns to help us make a trade decision. For example, suppose you find that International Advantage 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 |
International Advantage 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 International Advantage mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if International Advantage mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in International Advantage mutual fund over time.
Current vs Lagged Prices |
| Timeline |
International Advantage Lagged Returns
When evaluating International Advantage's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of International Advantage mutual fund have on its future price. International Advantage 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, International Advantage autocorrelation shows the relationship between International Advantage mutual fund current value and its past values and can show if there is a momentum factor associated with investing in International Advantage Portfolio.
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 International Mutual Fund
International Advantage financial ratios help investors to determine whether International 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 International with respect to the benefits of owning International Advantage security.
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