How should you make mutual fund performance analysis?

You should not solely rely on performance rating by third party websites and mutual fund returns for the last year to assess the best possible mutual fund for you. This is because performance keep changing every year. The top performers of today may not be on the list next year. When making a mutual fund comparison, there are specific performance indicators that you need to look out for. Let’s evaluate them here in detail.

Look at returns beyond 1 year: You need to evaluate the mutual fund performance over 1 year, 3 years, 5 years and 7-year performance. A reasonable yardstick is the mutual fund performance over the last 5 years.
Mutual fund performance comparison against benchmark: You can start by making a mutual fund performance comparison against the benchmark. When you compare, you need to evaluate the period of consistency during different market cycles against the benchmark. This will help you assess whether the mutual fund has outperformed or underperformed the benchmark.
Risk-reward tradeoff: You need to understand how effective is the mutual fund in offering risk-adjusted returns. As per risk-return tradeoff, if you take a higher degree of risk, it should be compensated by a greater level of returns. For instance, small-cap funds more significant downside risk, but it also has the potential for high returns. The risk is measured with the help of specific mutual fund performance indicators such as standard deviation and Sharpe ratio. Standard deviation is how much the mutual fund performance deviates from the benchmark. The greater the standard deviation, greater is the inherent volatility. Sharpe ratio is the return per unit of risk. In other words, it evaluates the risk-adjusted returns. Look for a fund with a higher Sharpe ratio to earn a better risk-adjusted return.
Compare Average Maturity and Duration: While evaluating debt funds, the average maturity and duration of the fund should match your investment duration. The Average maturity relates to the period after which the underlying securities will mature. A short-duration debt fund has lower interest rate sensitivity than longer-duration funds. You can use Macaulay Durations and Modified duration to evaluate the risk of investing in debt funds. Macaulay Duration indicates the time it takes for the price of the underlying bond in the debt fund to be repaid through its internal cash flows. Modified duration indicates how much the NAV of a debt fund would change if interest rates move by 1%.
Compare Fund’s cyclical performance: Evaluate how effective is the fund manager in outperforming the benchmark across different market cycles. A good mutual fund performance indicator is the Alpha. Alpha measures the return over the benchmark index. When making a mutual fund performance comparison, a fund that generates alpha indicates a well managed fund.

You can use the above mentioned mutual fund performance indicators to help you compare two mutual funds and make a decision. It would help if you considered your financial goal and risk profile carefully in this exercise.

Shark Deterrents – Past & Present

Since humans have gone into the water with sharks the desire to be able to repel sharks has always been ever-present. The natives in the Amazon used red peppers dragged behind a boat to stop bull sharks and many other ancient cultures used many other methods with little or no definitive success.

Until the 1900′s no real effort was pursued and the pivotal moment was the USS Indianapolis which was sunk in World War II. Once the sailors went into the water the ocean white tips and other open ocean sharks picked off those who survived in great numbers.

This prompted the US navy to develop a shark repellent that would give sailors a sense of comfort and safety if they found themselves in the water with sharks. The packet was composed of a dye and copper acetate as the main ingredients which in some cases deterred sharks. There was also a bag that the sailor or airman got into which masked his scent and hopefully prevented a shark attack.

Under optimal conditions these deterrents and protective measure worked but the shark being one of the ultimate predators of the oceans was not always prevented from attacking the person in the water. So many conditions need to be perfect for these deterrents to be effective such as the type of shark, the water conditions, salinity, current, proximity to the shark and how hungry the shark is.

In recent years technology has improved and so have innovations in shark defense. Magnets, electro-magnetic fields and chemicals have been developed with varying claims of success.

Some of the products on the market today are the shark banz, shark shield, shark replusion, shark chaser, electronic shark defense system, shark defense and a new entry being, shark bio barrier. Well, the shark may or may not be affected by any or all these systems at any given time, place or condition. That’s a fact!

The prices range from $25 to $499 and everything in between. One thing to consider if the shark deterrent is an electronic device then the salt water will eventually render it useless. If it is a passive magnet device then it won’t break but the science is still uncertain as to its effectiveness. And if it depends on a dead shark chemical then it still is affected by currents, the type of shark, water conditions and other variables. In other words nothing works all the time every time, period!

The thing about sharks is they are smarter than we realize and will sense that the particular deterrent they are dealing with has its limitations and will exploit the limitations by testing what it can or can not do. Remember that all the testing in the world will not prevent an ambush attack or an aggressive shark such as a large bull or tiger shark.

The shark deterrent, shark bio barrier is based on the shark’s smell and electric sensing system and it is a passive system which can’t break or fail due to a malfunction. The bio available essential oils with the natural magnetic mineral, magnetite work in combination to mask your odor, make your presence unpleasant and disrupt their electric sensing system. Priced at $29.95 for the recreational size it is very affordable and comes in a canister with a built in brush so you can lightly coat different objects on your person prior to entering the water. Very easy to apply and remove.

Is it perfect? No, nothing is and may never be! There are so many different species of dangerous sharks that under various conditions will attack out of curiosity, hunger or outright aggression. There are too many variables in play to guarantee total shark deterrence but if you are able to deter many of them then you are much safer than the people who choose to use nothing at all. Peace of mind is priceless and anything that can provide it is also priceless.

Do your own research and make an educated decision on what shark deterrent you want to depend on. Something to consider is that the US Navy has not officially endorsed any shark repellent on the market today and they have the most stringent testing requirements in the world today!

Exporting an OpenOffice Impress Presentation

You are able to export the OpenOffice Impress presentation into the different file formats that include HTML, PDF and also Flash. The process will take a few seconds in order to complete and will also produce the professional looking presentation in the file format that you need. Here is more information for you.

For the first step that you should do is that you have to open the OpenOffice Impress presentation that you want to export to another application. In doing this, you need to make sure that the presentation will be finished before you are exporting it. The changes may not be made to an exported file.

For the second step, you should select the “File” menu and then choose the “Export” to open the the “Export” dialog box. It is where you need to choose the file and then select how you need to export the Impress presentation.

After that, choose to where you need to export the presentation, you can do this by browsing the files that use the “Save in” drop-down menu.

For the next step, click on the “File format” drop-down menu in choosing what the type of file format that you want to export the Impress presentation.

Then, name the exported presentation, do this by using the keyboard to type the name in the “File name” text box Use the mouse in order to click the “Save button” in bringing up the corresponding dialog based on the file format that you are exporting the presentation to.

For the last step, follow the on-screen wizard in order to finish the exporting process for the Impress presentation.