Ssga International Stock Fund Market Value

SSILX Fund  USD 11.56  0.02  0.17%   
Ssga International's market value is the price at which a share of Ssga International trades on a public exchange. It measures the collective expectations of Ssga International Stock investors about its performance. Ssga International is trading at 11.56 as of the 25th of December 2024; that is 0.17% up since the beginning of the trading day. The fund's open price was 11.54.
With this module, you can estimate the performance of a buy and hold strategy of Ssga International Stock and determine expected loss or profit from investing in Ssga International over a given investment horizon. Check out Ssga International Correlation, Ssga International Volatility and Ssga International Alpha and Beta module to complement your research on Ssga International.
Symbol

Please note, there is a significant difference between Ssga International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ssga International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ssga International'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.

Ssga 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 Ssga 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 Ssga International.
0.00
01/05/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/25/2024
0.00
If you would invest  0.00  in Ssga International on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding Ssga International Stock or generate 0.0% return on investment in Ssga International over 720 days. Ssga International is related to or competes with Fidelity Advisor, International Investors, Franklin Gold, Global Gold, Short Precious, and Gold. The fund will invest at least 80 percent of its net assets in equity securities of foreign issuers, such as common stock... More

Ssga 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 Ssga 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 Ssga International Stock upside and downside potential and time the market with a certain degree of confidence.

Ssga International Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Ssga International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ssga International's standard deviation. In reality, there are many statistical measures that can use Ssga International historical prices to predict the future Ssga International's volatility.
Hype
Prediction
LowEstimatedHigh
10.8711.5612.25
Details
Intrinsic
Valuation
LowRealHigh
10.9511.6412.33
Details

Ssga International Stock Backtested Returns

Ssga International Stock owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.16, which indicates the fund had a -0.16% return per unit of risk over the last 3 months. Ssga International Stock exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Ssga International's Coefficient Of Variation of (945.16), variance of 0.5234, and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The entity has a beta of 0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Ssga International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ssga International is expected to be smaller as well.

Auto-correlation

    
  0.03  

Virtually no predictability

Ssga International Stock has virtually no predictability. Overlapping area represents the amount of predictability between Ssga International time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 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 Ssga International Stock price movement. The serial correlation of 0.03 indicates that only 3.0% of current Ssga International price fluctuation can be explain by its past prices.
Correlation Coefficient0.03
Spearman Rank Test0.15
Residual Average0.0
Price Variance0.18

Ssga International Stock lagged returns against current returns

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

Ssga 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 Ssga International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ssga 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 Ssga International mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Ssga International Lagged Returns

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

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Other Information on Investing in Ssga Mutual Fund

Ssga International financial ratios help investors to determine whether Ssga 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 Ssga with respect to the benefits of owning Ssga International security.
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