Ninety One International Fund Market Value

ZIFIX Fund  USD 10.76  0.01  0.09%   
Ninety One's market value is the price at which a share of Ninety One trades on a public exchange. It measures the collective expectations of Ninety One International investors about its performance. Ninety One is trading at 10.76 as of the 15th of December 2024; that is 0.09 percent down since the beginning of the trading day. The fund's open price was 10.77.
With this module, you can estimate the performance of a buy and hold strategy of Ninety One International and determine expected loss or profit from investing in Ninety One over a given investment horizon. Check out Ninety One Correlation, Ninety One Volatility and Ninety One Alpha and Beta module to complement your research on Ninety One.
Symbol

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

Ninety One '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 Ninety One'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 Ninety One.
0.00
09/16/2024
No Change 0.00  0.0 
In 2 months and 31 days
12/15/2024
0.00
If you would invest  0.00  in Ninety One on September 16, 2024 and sell it all today you would earn a total of 0.00 from holding Ninety One International or generate 0.0% return on investment in Ninety One over 90 days. Ninety One is related to or competes with Investec Emerging, Investec Emerging, Ninety One, Investec Global, Investec Global, and . Under normal circumstances, the adviser seeks to achieve the funds investment objective by investing primarily in intern... More

Ninety One 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 Ninety One'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 Ninety One International upside and downside potential and time the market with a certain degree of confidence.

Ninety One Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Ninety One's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ninety One's standard deviation. In reality, there are many statistical measures that can use Ninety One historical prices to predict the future Ninety One's volatility.
Hype
Prediction
LowEstimatedHigh
10.0610.7611.46
Details
Intrinsic
Valuation
LowRealHigh
10.0610.7611.46
Details
Naive
Forecast
LowNextHigh
10.0710.7711.47
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
10.3810.6710.96
Details

Ninety One International Backtested Returns

At this stage we consider Ninety Mutual Fund to be very steady. Ninety One International has Sharpe Ratio of 0.0137, which conveys that the entity had a 0.0137% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Ninety One, which you can use to evaluate the volatility of the fund. Please verify Ninety One's Mean Deviation of 0.5505, risk adjusted performance of 0.0212, and Downside Deviation of 0.7146 to check out if the risk estimate we provide is consistent with the expected return of 0.0096%. The fund secures a Beta (Market Risk) of 0.38, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Ninety One's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ninety One is expected to be smaller as well.

Auto-correlation

    
  -0.4  

Poor reverse predictability

Ninety One International has poor reverse predictability. Overlapping area represents the amount of predictability between Ninety One time series from 16th of September 2024 to 31st of October 2024 and 31st of October 2024 to 15th 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 Ninety One International price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Ninety One price fluctuation can be explain by its past prices.
Correlation Coefficient-0.4
Spearman Rank Test-0.08
Residual Average0.0
Price Variance0.02

Ninety One International lagged returns against current returns

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

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

Ninety One Lagged Returns

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

Ninety One financial ratios help investors to determine whether Ninety 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 Ninety with respect to the benefits of owning Ninety One security.
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