Sound Mind Investing Fund Market Value
| SMIFX Fund | USD 9.58 0.01 0.10% |
| Symbol | Sound |
Sound Mind '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 Sound Mind'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 Sound Mind.
| 02/06/2025 |
| 05/07/2025 |
If you would invest 0.00 in Sound Mind on February 6, 2025 and sell it all today you would earn a total of 0.00 from holding Sound Mind Investing or generate 0.0% return on investment in Sound Mind over 90 days. Sound Mind is related to or competes with Gmo High, American Century, Jpmorgan High, Prudential High, Federated High, and High-yield Fund. The SMI Fund seeks to achieve its objective by investing in a diversified portfolio of other investment companies using ... More
Sound Mind 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 Sound Mind'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 Sound Mind Investing upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0111 | |||
| Maximum Drawdown | 11.52 | |||
| Value At Risk | (2.48) | |||
| Potential Upside | 2.15 |
Sound Mind Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sound Mind's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sound Mind's standard deviation. In reality, there are many statistical measures that can use Sound Mind historical prices to predict the future Sound Mind's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | 0.0374 | |||
| Treynor Ratio | 1.16 |
Sound Mind Investing Backtested Returns
Sound Mind Investing owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0496, which indicates the fund had a -0.0496 % return per unit of risk over the last 3 months. Sound Mind Investing exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sound Mind's Coefficient Of Variation of (1,908), variance of 3.49, and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The entity has a beta of -0.0926, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sound Mind are expected to decrease at a much lower rate. During the bear market, Sound Mind is likely to outperform the market.
Auto-correlation | -0.02 |
Very weak reverse predictability
Sound Mind Investing has very weak reverse predictability. Overlapping area represents the amount of predictability between Sound Mind time series from 6th of February 2025 to 23rd of March 2025 and 23rd of March 2025 to 7th of May 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sound Mind Investing price movement. The serial correlation of -0.02 indicates that only 2.0% of current Sound Mind price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Sound Mind Investing lagged returns against current returns
Autocorrelation, which is Sound Mind 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 Sound Mind's mutual fund expected returns. We can calculate the autocorrelation of Sound Mind returns to help us make a trade decision. For example, suppose you find that Sound Mind 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 |
Sound Mind 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 Sound Mind mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sound Mind mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sound Mind mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Sound Mind Lagged Returns
When evaluating Sound Mind's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sound Mind mutual fund have on its future price. Sound Mind 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, Sound Mind autocorrelation shows the relationship between Sound Mind mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sound Mind Investing.
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 Sound Mutual Fund
Sound Mind financial ratios help investors to determine whether Sound 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 Sound with respect to the benefits of owning Sound Mind security.
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