Blue Current Global Fund Market Value
| BCGDX Fund | USD 16.29 0.10 0.62% |
| Symbol | Blue |
Blue Current '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 Blue Current'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 Blue Current.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Blue Current on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Blue Current Global or generate 0.0% return on investment in Blue Current over 390 days. Blue Current is related to or competes with Investec Emerging, Origin Emerging, Eagle Mlp, Pace International, and Shelton Emerging. Under normal circumstances, the fund will invest at least 80 percent of its net assets in equity securities that either ... More
Blue Current 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 Blue Current'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 Blue Current Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.665 | |||
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 2.5 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 0.815 |
Blue Current Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blue Current's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blue Current's standard deviation. In reality, there are many statistical measures that can use Blue Current historical prices to predict the future Blue Current's volatility.| Risk Adjusted Performance | 0.0173 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | (0.18) | |||
| Treynor Ratio | 0.01 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Blue Current'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.
Blue Current Global Backtested Returns
At this stage we consider Blue Mutual Fund to be very steady. Blue Current Global secures Sharpe Ratio (or Efficiency) of 0.0362, which signifies that the fund had a 0.0362% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Blue Current Global, which you can use to evaluate the volatility of the entity. Please confirm Blue Current's Mean Deviation of 0.4887, risk adjusted performance of 0.0173, and Downside Deviation of 0.665 to double-check if the risk estimate we provide is consistent with the expected return of 0.0213%. The fund shows a Beta (market volatility) of 0.59, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Blue Current's returns are expected to increase less than the market. However, during the bear market, the loss of holding Blue Current is expected to be smaller as well.
Auto-correlation | 0.85 |
Very good predictability
Blue Current Global has very good predictability. Overlapping area represents the amount of predictability between Blue Current time series from 6th of November 2023 to 19th of May 2024 and 19th of May 2024 to 30th of November 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 Blue Current Global price movement. The serial correlation of 0.85 indicates that around 85.0% of current Blue Current price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Blue Current Global lagged returns against current returns
Autocorrelation, which is Blue Current 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 Blue Current's mutual fund expected returns. We can calculate the autocorrelation of Blue Current returns to help us make a trade decision. For example, suppose you find that Blue Current 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 |
Blue Current 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 Blue Current mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blue Current mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Blue Current mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Blue Current Lagged Returns
When evaluating Blue Current's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blue Current mutual fund have on its future price. Blue Current 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, Blue Current autocorrelation shows the relationship between Blue Current mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Blue Current Global.
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 Blue Mutual Fund
Blue Current financial ratios help investors to determine whether Blue 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 Blue with respect to the benefits of owning Blue Current security.
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