Sands Capital Global Fund Market Value
| SCGVX Fund | USD 33.22 0.11 0.33% |
| Symbol | Sands |
Sands Capital '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 Sands Capital'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 Sands Capital.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Sands Capital on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Sands Capital Global or generate 0.0% return on investment in Sands Capital over 480 days. Sands Capital is related to or competes with Sands Capital, American Beacon, Amg Timessquare, and Ab Large. Under normal circumstances, the fund invests primarily in equity securities of publicly-traded companies located anywher... More
Sands Capital 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 Sands Capital'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 Sands Capital Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8578 | |||
| Information Ratio | 0.1374 | |||
| Maximum Drawdown | 4.46 | |||
| Value At Risk | (1.42) | |||
| Potential Upside | 1.58 |
Sands Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sands Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sands Capital's standard deviation. In reality, there are many statistical measures that can use Sands Capital historical prices to predict the future Sands Capital's volatility.| Risk Adjusted Performance | 0.2027 | |||
| Jensen Alpha | 0.1454 | |||
| Total Risk Alpha | 0.0958 | |||
| Sortino Ratio | 0.1416 | |||
| Treynor Ratio | 0.2984 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sands Capital'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.
Sands Capital Global Backtested Returns
Sands Capital appears to be very steady, given 3 months investment horizon. Sands Capital Global owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.24, which indicates the fund had a 0.24% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Sands Capital Global, which you can use to evaluate the volatility of the fund. Please review Sands Capital's Semi Deviation of 0.5356, coefficient of variation of 359.54, and Risk Adjusted Performance of 0.2027 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.79, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sands Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sands Capital is expected to be smaller as well.
Auto-correlation | 0.47 |
Average predictability
Sands Capital Global has average predictability. Overlapping area represents the amount of predictability between Sands Capital time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th 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 Sands Capital Global price movement. The serial correlation of 0.47 indicates that about 47.0% of current Sands Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 1.39 |
Sands Capital Global lagged returns against current returns
Autocorrelation, which is Sands Capital 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 Sands Capital's mutual fund expected returns. We can calculate the autocorrelation of Sands Capital returns to help us make a trade decision. For example, suppose you find that Sands Capital 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 |
Sands Capital 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 Sands Capital mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sands Capital mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sands Capital mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Sands Capital Lagged Returns
When evaluating Sands Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sands Capital mutual fund have on its future price. Sands Capital 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, Sands Capital autocorrelation shows the relationship between Sands Capital mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sands Capital Global.
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 Sands Mutual Fund
Sands Capital financial ratios help investors to determine whether Sands 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 Sands with respect to the benefits of owning Sands Capital security.
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