Global Growth Fund Market Value
| AGGIX Fund | USD 13.11 0.12 0.91% |
| Symbol | Global |
Global Growth '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 Growth'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 Global Growth.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Global Growth on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Global Growth Fund or generate 0.0% return on investment in Global Growth over 30 days. Global Growth is related to or competes with John Hancock, Gabelli Global, Davis Financial, and Prudential Jennison. The fund invests primarily in companies located in developed countries world-wide More
Global Growth 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 Growth'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 Global Growth Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8218 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 4.14 | |||
| Value At Risk | (0.99) | |||
| Potential Upside | 1.15 |
Global Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Growth's standard deviation. In reality, there are many statistical measures that can use Global Growth historical prices to predict the future Global Growth's volatility.| Risk Adjusted Performance | 0.0319 | |||
| Jensen Alpha | 0.0103 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | 0.1943 |
Global Growth Backtested Returns
At this stage we consider Global Mutual Fund to be very steady. Global Growth holds Efficiency (Sharpe) Ratio of 0.0441, which attests that the entity had a 0.0441% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Global Growth, which you can use to evaluate the volatility of the entity. Please check out Global Growth's Market Risk Adjusted Performance of 0.2043, risk adjusted performance of 0.0319, and Downside Deviation of 0.8218 to validate if the risk estimate we provide is consistent with the expected return of 0.0316%. The fund retains a Market Volatility (i.e., Beta) of 0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Global Growth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Global Growth is expected to be smaller as well.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Global Growth Fund has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Global Growth time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Growth price movement. The serial correlation of -0.78 indicates that around 78.0% of current Global Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Global Growth lagged returns against current returns
Autocorrelation, which is Global Growth 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 Global Growth's mutual fund expected returns. We can calculate the autocorrelation of Global Growth returns to help us make a trade decision. For example, suppose you find that Global Growth 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 |
Global Growth 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 Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Growth mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Global Growth Lagged Returns
When evaluating Global Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Growth mutual fund have on its future price. Global Growth 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 Growth autocorrelation shows the relationship between Global Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Global Growth Fund.
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 Global Mutual Fund
Global Growth financial ratios help investors to determine whether Global 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 Global with respect to the benefits of owning Global Growth security.
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |