Qs Global Equity Fund Market Value
| SMYIX Fund | USD 25.90 0.22 0.86% |
| Symbol | SMYIX |
Qs Global '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 Qs Global'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 Qs Global.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Qs Global on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Qs Global Equity or generate 0.0% return on investment in Qs Global over 720 days. Qs Global is related to or competes with Eaton Vance, Artisan Global, Sit International, Global Stock, and Dreyfus Worldwide. The fund invests primarily in the common stock of U.S More
Qs Global 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 Qs Global'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 Qs Global Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.859 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 3.4 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 1.47 |
Qs Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qs Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qs Global's standard deviation. In reality, there are many statistical measures that can use Qs Global historical prices to predict the future Qs Global's volatility.| Risk Adjusted Performance | 0.1038 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1228 |
Qs Global Equity Backtested Returns
At this stage we consider SMYIX Mutual Fund to be very steady. Qs Global Equity retains Efficiency (Sharpe Ratio) of 0.19, which implies the entity had a 0.19% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for Qs Global, which you can use to evaluate the volatility of the fund. Please check Qs Global's standard deviation of 0.7706, and Market Risk Adjusted Performance of 0.1328 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. The fund owns a Beta (Systematic Risk) of 0.77, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Qs Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Qs Global is expected to be smaller as well.
Auto-correlation | 0.80 |
Very good predictability
Qs Global Equity has very good predictability. Overlapping area represents the amount of predictability between Qs Global time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 Qs Global Equity price movement. The serial correlation of 0.8 indicates that around 80.0% of current Qs Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 2.65 |
Qs Global Equity lagged returns against current returns
Autocorrelation, which is Qs Global 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 Qs Global's mutual fund expected returns. We can calculate the autocorrelation of Qs Global returns to help us make a trade decision. For example, suppose you find that Qs Global 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 |
Qs Global 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 Qs Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qs Global mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qs Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Qs Global Lagged Returns
When evaluating Qs Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qs Global mutual fund have on its future price. Qs Global 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, Qs Global autocorrelation shows the relationship between Qs Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Qs Global Equity.
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 SMYIX Mutual Fund
Qs Global financial ratios help investors to determine whether SMYIX 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 SMYIX with respect to the benefits of owning Qs Global security.
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