Smead Funds Trust Fund Market Value
| SVXLX Fund | USD 56.41 0.52 0.93% |
| Symbol | Smead |
Smead Funds '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 Smead Funds' 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 Smead Funds.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Smead Funds on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Smead Funds Trust or generate 0.0% return on investment in Smead Funds over 360 days. Smead Funds is related to or competes with Meeder Funds, and Pimco Funds. Under normal market circumstances, the fund will invest at least 80 percent of its net assets in the stock of non-U.S More
Smead Funds 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 Smead Funds' 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 Smead Funds Trust upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 4.57 | |||
| Value At Risk | (2.17) | |||
| Potential Upside | 1.6 |
Smead Funds Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Smead Funds' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Smead Funds' standard deviation. In reality, there are many statistical measures that can use Smead Funds historical prices to predict the future Smead Funds' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.24) |
Smead Funds Trust Backtested Returns
Smead Funds Trust owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0368, which indicates the fund had a -0.0368% return per unit of risk over the last 3 months. Smead Funds Trust exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Smead Funds' Coefficient Of Variation of (1,388), risk adjusted performance of (0.05), and Variance of 1.13 to confirm the risk estimate we provide. The entity has a beta of 0.36, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Smead Funds' returns are expected to increase less than the market. However, during the bear market, the loss of holding Smead Funds is expected to be smaller as well.
Auto-correlation | -0.44 |
Modest reverse predictability
Smead Funds Trust has modest reverse predictability. Overlapping area represents the amount of predictability between Smead Funds time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Smead Funds Trust price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Smead Funds price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 1.63 |
Smead Funds Trust lagged returns against current returns
Autocorrelation, which is Smead Funds 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 Smead Funds' mutual fund expected returns. We can calculate the autocorrelation of Smead Funds returns to help us make a trade decision. For example, suppose you find that Smead Funds 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 |
Smead Funds 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 Smead Funds mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Smead Funds mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Smead Funds mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Smead Funds Lagged Returns
When evaluating Smead Funds' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Smead Funds mutual fund have on its future price. Smead Funds 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, Smead Funds autocorrelation shows the relationship between Smead Funds mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Smead Funds Trust.
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 Smead Mutual Fund
Smead Funds financial ratios help investors to determine whether Smead 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 Smead with respect to the benefits of owning Smead Funds security.
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories |