Global Iman Fund Market Value
| 0P0000NA77 | CAD 44.36 0.34 0.77% |
| Symbol | Global |
Global Iman '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 Global Iman's 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 Global Iman.
| 06/10/2023 |
| 12/01/2024 |
If you would invest 0.00 in Global Iman on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding Global Iman Fund or generate 0.0% return on investment in Global Iman over 540 days. Global Iman is related to or competes with Desjardins Sustainable, TD Index, and TD Comfort. The fundamental investment objective of the Fund is to provide investors with long-term growth by investing primarily in... More
Global Iman 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 Global Iman's 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 Global Iman Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9287 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 4.35 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 1.32 |
Global Iman Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Iman's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Iman's standard deviation. In reality, there are many statistical measures that can use Global Iman historical prices to predict the future Global Iman's volatility.| Risk Adjusted Performance | 0.0774 | |||
| Jensen Alpha | 0.0055 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.1376 |
Global Iman Fund Backtested Returns
As of now, Global Fund is very steady. Global Iman Fund holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Global Iman Fund, which you can use to evaluate the volatility of the entity. Please check out Global Iman's Downside Deviation of 0.9287, risk adjusted performance of 0.0774, and Market Risk Adjusted Performance of 0.1476 to validate if the risk estimate we provide is consistent with the expected return of 0.0996%. The fund retains a Market Volatility (i.e., Beta) of 0.55, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Global Iman's returns are expected to increase less than the market. However, during the bear market, the loss of holding Global Iman is expected to be smaller as well.
Auto-correlation | 0.52 |
Modest predictability
Global Iman Fund has modest predictability. Overlapping area represents the amount of predictability between Global Iman time series from 10th of June 2023 to 6th of March 2024 and 6th of March 2024 to 1st 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 Global Iman Fund price movement. The serial correlation of 0.52 indicates that about 52.0% of current Global Iman price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 3.83 |
Global Iman Fund lagged returns against current returns
Autocorrelation, which is Global Iman 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 Global Iman's fund expected returns. We can calculate the autocorrelation of Global Iman returns to help us make a trade decision. For example, suppose you find that Global Iman has exhibited high autocorrelation historically, and you observe that the 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 |
Global Iman 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 Global Iman fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Iman fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Iman fund over time.
Current vs Lagged Prices |
| Timeline |
Global Iman Lagged Returns
When evaluating Global Iman's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Iman fund have on its future price. Global Iman 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, Global Iman autocorrelation shows the relationship between Global Iman fund current value and its past values and can show if there is a momentum factor associated with investing in Global Iman Fund.
Regressed Prices |
| Timeline |
Pair Trading with Global Iman
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 Global Iman 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 Global Iman will appreciate offsetting losses from the drop in the long position's value.Moving together with Global Fund
| 0.67 | 0P0000IUYO | Edgepoint Global Por | PairCorr |
| 0.74 | 0P00012UCU | RBC Global Equity | PairCorr |
| 0.91 | 0P0001FAU5 | TD Comfort Aggressive | PairCorr |
| 0.72 | 0P0001D8QF | BMO Concentrated Global | PairCorr |
The ability to find closely correlated positions to Global Iman could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Global Iman 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 Global Iman - 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 Global Iman Fund to buy it.
The correlation of Global Iman 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 Global Iman moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global Iman Fund 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 Global Iman 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.Other Information on Investing in Global Fund
Global Iman financial ratios help investors to determine whether Global 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 Global with respect to the benefits of owning Global Iman security.
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