361 Global Longshort Fund Market Value
| AGAWX Fund | USD 12.35 0.03 0.24% |
| Symbol | 361 |
361 Global '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 361 Global'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 361 Global.
| 02/07/2024 |
| 02/01/2025 |
If you would invest 0.00 in 361 Global on February 7, 2024 and sell it all today you would earn a total of 0.00 from holding 361 Global Longshort or generate 0.0% return on investment in 361 Global over 360 days. 361 Global is related to or competes with Aqr Managed, Neuberger Berman, Asg Managed, Marketfield Fund, and Diamond Hill. The sub-adviser invests at least 80 percent of the funds net assets in equity securities and in the securities of compan... More
361 Global 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 361 Global'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 361 Global Longshort upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 3.65 | |||
| Value At Risk | (0.87) | |||
| Potential Upside | 0.6405 |
361 Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 361 Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 361 Global's standard deviation. In reality, there are many statistical measures that can use 361 Global historical prices to predict the future 361 Global's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (3.87) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 361 Global'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.
361 Global Longshort Backtested Returns
361 Global Longshort retains Efficiency (Sharpe Ratio) of -0.0316, which signifies that the fund had a -0.0316 % return per unit of price deviation over the last 3 months. 361 Global exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 361 Global's Information Ratio of (0.21), market risk adjusted performance of (3.86), and Variance of 0.291 to double-check the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.0116, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 361 Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding 361 Global is expected to be smaller as well.
Auto-correlation | 0.34 |
Below average predictability
361 Global Longshort has below average predictability. Overlapping area represents the amount of predictability between 361 Global time series from 7th of February 2024 to 5th of August 2024 and 5th of August 2024 to 1st of February 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 361 Global Longshort price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current 361 Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
361 Global Longshort lagged returns against current returns
Autocorrelation, which is 361 Global 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 361 Global's mutual fund expected returns. We can calculate the autocorrelation of 361 Global returns to help us make a trade decision. For example, suppose you find that 361 Global 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 |
361 Global 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 361 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 361 Global mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 361 Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
361 Global Lagged Returns
When evaluating 361 Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 361 Global mutual fund have on its future price. 361 Global 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, 361 Global autocorrelation shows the relationship between 361 Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in 361 Global Longshort.
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 361 Mutual Fund
361 Global financial ratios help investors to determine whether 361 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 361 with respect to the benefits of owning 361 Global security.
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