Intal High Relative Fund Market Value
| DIHRX Fund | USD 13.20 0.12 0.92% |
| Symbol | Intal |
Intal High '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 Intal High'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 Intal High.
| 04/14/2024 |
| 05/14/2024 |
If you would invest 0.00 in Intal High on April 14, 2024 and sell it all today you would earn a total of 0.00 from holding Intal High Relative or generate 0.0% return on investment in Intal High over 30 days. Intal High is related to or competes with Vanguard Total, Vanguard Total, Vanguard Developed, and Fidelity International. Under normal circumstances, the portfolio will invest at least 80 percent of its net assets in securities of companies i... More
Intal High 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 Intal High'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 Intal High Relative upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7214 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.09 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.26 |
Intal High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Intal High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Intal High's standard deviation. In reality, there are many statistical measures that can use Intal High historical prices to predict the future Intal High's volatility.| Risk Adjusted Performance | 0.0546 | |||
| Jensen Alpha | 0.0424 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.357 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Intal High'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.
Intal High Relative Backtested Returns
We consider Intal High very steady. Intal High Relative holds Efficiency (Sharpe) Ratio of 0.0817, which attests that the entity had a 0.0817% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Intal High Relative, which you can use to evaluate the volatility of the entity. Please check out Intal High's Risk Adjusted Performance of 0.0546, market risk adjusted performance of 0.367, and Downside Deviation of 0.7214 to validate if the risk estimate we provide is consistent with the expected return of 0.0571%. The fund retains a Market Volatility (i.e., Beta) of 0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Intal High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Intal High is expected to be smaller as well.
Auto-correlation | 0.59 |
Modest predictability
Intal High Relative has modest predictability. Overlapping area represents the amount of predictability between Intal High time series from 14th of April 2024 to 29th of April 2024 and 29th of April 2024 to 14th of May 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 Intal High Relative price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Intal High price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Intal High Relative lagged returns against current returns
Autocorrelation, which is Intal High 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 Intal High's mutual fund expected returns. We can calculate the autocorrelation of Intal High returns to help us make a trade decision. For example, suppose you find that Intal High 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 |
Intal High 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 Intal High mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Intal High mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Intal High mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Intal High Lagged Returns
When evaluating Intal High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Intal High mutual fund have on its future price. Intal High 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, Intal High autocorrelation shows the relationship between Intal High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Intal High Relative.
Regressed Prices |
| Timeline |
Pair Trading with Intal High
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Intal High position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Intal High will appreciate offsetting losses from the drop in the long position's value.Moving together with Intal Mutual Fund
| 0.73 | VGTSX | Vanguard Total Inter | PairCorr |
| 0.74 | VTIAX | Vanguard Total Inter | PairCorr |
| 0.74 | VTSNX | Vanguard Total Inter | PairCorr |
| 0.73 | VTPSX | Vanguard Total Inter | PairCorr |
| 0.74 | VTISX | Vanguard Total Inter | PairCorr |
The ability to find closely correlated positions to Intal High could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Intal High when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Intal High - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Intal High Relative to buy it.
The correlation of Intal High is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Intal High moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Intal High Relative moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Intal High can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Intal High Correlation, Intal High Volatility and Intal High Alpha and Beta module to complement your research on Intal High. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Intal High 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.