Global Equity Portfolio Fund Market Value
| DGEIX Fund | USD 36.35 0.22 0.61% |
| Symbol | Global |
Global Equity '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 Equity'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 Equity.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Global Equity on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Global Equity Portfolio or generate 0.0% return on investment in Global Equity over 30 days. Global Equity is related to or competes with Dfa -, Thrivent High, Morningstar Unconstrained, Via Renewables, T Rowe, 70082LAB3, and Sitka Gold. The fund normally allocates its assets to underlying funds that invest in domestic and international equity securities More
Global Equity 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 Equity'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 Equity Portfolio upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7503 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.12 | |||
| Value At Risk | (0.98) | |||
| Potential Upside | 0.9734 |
Global Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Equity's standard deviation. In reality, there are many statistical measures that can use Global Equity historical prices to predict the future Global Equity's volatility.| Risk Adjusted Performance | 0.0935 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0959 |
Global Equity Portfolio Backtested Returns
At this stage we consider Global Mutual Fund to be very steady. Global Equity Portfolio holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Global Equity Portfolio, which you can use to evaluate the volatility of the entity. Please check out Global Equity's Downside Deviation of 0.7503, market risk adjusted performance of 0.1059, and Risk Adjusted Performance of 0.0935 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. The fund retains a Market Volatility (i.e., Beta) of 0.81, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Global Equity's returns are expected to increase less than the market. However, during the bear market, the loss of holding Global Equity is expected to be smaller as well.
Auto-correlation | 0.83 |
Very good predictability
Global Equity Portfolio has very good predictability. Overlapping area represents the amount of predictability between Global Equity time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 Global Equity Portfolio price movement. The serial correlation of 0.83 indicates that around 83.0% of current Global Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Global Equity Portfolio lagged returns against current returns
Autocorrelation, which is Global Equity 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 Equity's mutual fund expected returns. We can calculate the autocorrelation of Global Equity returns to help us make a trade decision. For example, suppose you find that Global Equity 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 Equity 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 Equity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Equity 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 Equity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Global Equity Lagged Returns
When evaluating Global Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Equity mutual fund have on its future price. Global Equity 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 Equity autocorrelation shows the relationship between Global Equity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Global Equity Portfolio.
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 Equity 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 Equity security.
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios |