Mirova International Sustainable Fund Market Value
| MRVNX Fund | USD 12.55 0.02 0.16% |
| Symbol | Mirova |
Mirova 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 Mirova 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 Mirova International.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Mirova International on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Mirova International Sustainable or generate 0.0% return on investment in Mirova International over 30 days. Mirova International is related to or competes with Aam Select, Abr 7525, Volumetric Fund, Arrow Managed, Rbc Microcap, and Rbb Fund. Under normal circumstances, the fund will invest at least 80 percent of its net assets in equity securities More
Mirova 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 Mirova 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 Mirova International Sustainable upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 4.86 | |||
| Value At Risk | (1.11) | |||
| Potential Upside | 1.13 |
Mirova International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mirova International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mirova International's standard deviation. In reality, there are many statistical measures that can use Mirova International historical prices to predict the future Mirova International's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.36) |
Mirova International Backtested Returns
Mirova International has Sharpe Ratio of -0.1, which conveys that the entity had a -0.1% return per unit of risk over the last 3 months. Mirova International exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mirova International's Risk Adjusted Performance of (0.06), standard deviation of 0.7974, and Mean Deviation of 0.6146 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.22, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mirova International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mirova International is expected to be smaller as well.
Auto-correlation | -0.29 |
Weak reverse predictability
Mirova International Sustainable has weak reverse predictability. Overlapping area represents the amount of predictability between Mirova International time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Mirova International price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Mirova International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Mirova International lagged returns against current returns
Autocorrelation, which is Mirova 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 Mirova International's mutual fund expected returns. We can calculate the autocorrelation of Mirova International returns to help us make a trade decision. For example, suppose you find that Mirova 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 |
Mirova 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 Mirova International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mirova 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 Mirova International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mirova International Lagged Returns
When evaluating Mirova International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mirova International mutual fund have on its future price. Mirova 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, Mirova International autocorrelation shows the relationship between Mirova International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mirova International Sustainable.
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 Mirova Mutual Fund
Mirova International financial ratios help investors to determine whether Mirova 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 Mirova with respect to the benefits of owning Mirova International security.
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