Spirit Of America Fund Market Value

SOIVX Fund  USD 35.29  0.32  0.92%   
Spirit Of's market value is the price at which a share of Spirit Of trades on a public exchange. It measures the collective expectations of Spirit Of America investors about its performance. Spirit Of is trading at 35.29 as of the 25th of December 2024; that is 0.92 percent up since the beginning of the trading day. The fund's open price was 34.97.
With this module, you can estimate the performance of a buy and hold strategy of Spirit Of America and determine expected loss or profit from investing in Spirit Of over a given investment horizon. Check out Spirit Of Correlation, Spirit Of Volatility and Spirit Of Alpha and Beta module to complement your research on Spirit Of.
Symbol

Please note, there is a significant difference between Spirit Of's value and its price as these two are different measures arrived at by different means. Investors typically determine if Spirit Of is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spirit Of's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Spirit Of '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 Spirit Of'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 Spirit Of.
0.00
11/25/2024
No Change 0.00  0.0 
In 30 days
12/25/2024
0.00
If you would invest  0.00  in Spirit Of on November 25, 2024 and sell it all today you would earn a total of 0.00 from holding Spirit Of America or generate 0.0% return on investment in Spirit Of over 30 days. Spirit Of is related to or competes with Spirit Of, Spirit Of, Spirit Of, Spirit Of, Spirit Of, Spirit Of, and Spirit Of. The funds advisor focuses on the large cap value segment of the U.S More

Spirit Of 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 Spirit Of'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 Spirit Of America upside and downside potential and time the market with a certain degree of confidence.

Spirit Of Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Spirit Of's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spirit Of's standard deviation. In reality, there are many statistical measures that can use Spirit Of historical prices to predict the future Spirit Of's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Spirit Of'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.
Hype
Prediction
LowEstimatedHigh
34.1834.9735.76
Details
Intrinsic
Valuation
LowRealHigh
34.9535.7436.53
Details

Spirit Of America Backtested Returns

At this stage we consider Spirit Mutual Fund to be very steady. Spirit Of America owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the fund had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Spirit Of America, which you can use to evaluate the volatility of the fund. Please validate Spirit Of's Risk Adjusted Performance of 0.0934, coefficient of variation of 854.06, and Semi Deviation of 0.7047 to confirm if the risk estimate we provide is consistent with the expected return of 0.093%. The entity has a beta of 0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Spirit Of's returns are expected to increase less than the market. However, during the bear market, the loss of holding Spirit Of is expected to be smaller as well.

Auto-correlation

    
  -0.82  

Excellent reverse predictability

Spirit Of America has excellent reverse predictability. Overlapping area represents the amount of predictability between Spirit Of time series from 25th of November 2024 to 10th of December 2024 and 10th of December 2024 to 25th 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 Spirit Of America price movement. The serial correlation of -0.82 indicates that around 82.0% of current Spirit Of price fluctuation can be explain by its past prices.
Correlation Coefficient-0.82
Spearman Rank Test-0.44
Residual Average0.0
Price Variance0.24

Spirit Of America lagged returns against current returns

Autocorrelation, which is Spirit Of 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 Spirit Of's mutual fund expected returns. We can calculate the autocorrelation of Spirit Of returns to help us make a trade decision. For example, suppose you find that Spirit Of 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  

Spirit Of 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 Spirit Of mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spirit Of mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spirit Of mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Spirit Of Lagged Returns

When evaluating Spirit Of's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spirit Of mutual fund have on its future price. Spirit Of 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, Spirit Of autocorrelation shows the relationship between Spirit Of mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Spirit Of America.
   Regressed Prices   
       Timeline  

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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 Spirit Mutual Fund

Spirit Of financial ratios help investors to determine whether Spirit 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 Spirit with respect to the benefits of owning Spirit Of security.
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