1919 Socially Responsive Fund Market Value
| SSIAX Fund | USD 28.28 0.08 0.28% |
| Symbol | 1919 |
1919 Socially '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 1919 Socially'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 1919 Socially.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in 1919 Socially on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding 1919 Socially Responsive or generate 0.0% return on investment in 1919 Socially over 30 days. 1919 Socially is related to or competes with Clearbridge All, Western Asset, Clearbridge Appreciation, Qs Growth, and Clearbridge Mid. The fund invests in a mix of common stocks and other equity securities of U.S More
1919 Socially 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 1919 Socially'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 1919 Socially Responsive upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6125 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 2.82 | |||
| Value At Risk | (0.93) | |||
| Potential Upside | 0.8778 |
1919 Socially Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 1919 Socially's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 1919 Socially's standard deviation. In reality, there are many statistical measures that can use 1919 Socially historical prices to predict the future 1919 Socially's volatility.| Risk Adjusted Performance | 0.0565 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0562 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 1919 Socially'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.
1919 Socially Responsive Backtested Returns
We consider 1919 Socially very steady. 1919 Socially Responsive retains Efficiency (Sharpe Ratio) of 0.0602, which signifies that the fund had a 0.0602% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for 1919 Socially, which you can use to evaluate the volatility of the entity. Please confirm 1919 Socially's Coefficient Of Variation of 1089.9, market risk adjusted performance of 0.0662, and Standard Deviation of 0.6085 to double-check if the risk estimate we provide is consistent with the expected return of 0.0364%. The entity owns a Beta (Systematic Risk) of 0.82, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 1919 Socially's returns are expected to increase less than the market. However, during the bear market, the loss of holding 1919 Socially is expected to be smaller as well.
Auto-correlation | 0.77 |
Good predictability
1919 Socially Responsive has good predictability. Overlapping area represents the amount of predictability between 1919 Socially time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 1919 Socially Responsive price movement. The serial correlation of 0.77 indicates that around 77.0% of current 1919 Socially price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
1919 Socially Responsive lagged returns against current returns
Autocorrelation, which is 1919 Socially 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 1919 Socially's mutual fund expected returns. We can calculate the autocorrelation of 1919 Socially returns to help us make a trade decision. For example, suppose you find that 1919 Socially 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 |
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1919 Socially 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 1919 Socially mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 1919 Socially mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 1919 Socially mutual fund over time.
Current vs Lagged Prices |
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1919 Socially Lagged Returns
When evaluating 1919 Socially's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 1919 Socially mutual fund have on its future price. 1919 Socially 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, 1919 Socially autocorrelation shows the relationship between 1919 Socially mutual fund current value and its past values and can show if there is a momentum factor associated with investing in 1919 Socially Responsive.
Regressed Prices |
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Currently Active Assets on Macroaxis
Check out 1919 Socially Correlation, 1919 Socially Volatility and 1919 Socially Alpha and Beta module to complement your research on 1919 Socially. Note that the 1919 Socially Responsive information on this page should be used as a complementary analysis to other 1919 Socially's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
1919 Socially technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.