Centre Global Infrastructure Fund Market Value
| DHIVX Fund | USD 12.47 0.15 1.19% |
| Symbol | Centre |
Centre 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 Centre 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 Centre Global.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Centre Global on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Centre Global Infrastructure or generate 0.0% return on investment in Centre Global over 30 days. Centre Global is related to or competes with Centre Global, Centre American, Centre American, William Blair, Vanguard 500, and Vanguard Emerging. The fund is a diversified fund that will normally invest at least 80 percent of its net assets, plus the amount of any b... More
Centre 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 Centre 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 Centre Global Infrastructure upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6228 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 2.4 | |||
| Value At Risk | (1.05) | |||
| Potential Upside | 0.8547 |
Centre Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Centre Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Centre Global's standard deviation. In reality, there are many statistical measures that can use Centre Global historical prices to predict the future Centre Global's volatility.| Risk Adjusted Performance | 0.1474 | |||
| Jensen Alpha | 0.0809 | |||
| Total Risk Alpha | 0.0177 | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.4944 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Centre 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.
Centre Global Infras Backtested Returns
At this stage we consider Centre Mutual Fund to be very steady. Centre Global Infras secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the fund had a 0.18% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Centre Global Infrastructure, which you can use to evaluate the volatility of the entity. Please confirm Centre Global's Risk Adjusted Performance of 0.1474, mean deviation of 0.4757, and Downside Deviation of 0.6228 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. The fund shows a Beta (market volatility) of 0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Centre Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Centre Global is expected to be smaller as well.
Auto-correlation | 0.37 |
Below average predictability
Centre Global Infrastructure has below average predictability. Overlapping area represents the amount of predictability between Centre Global time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Centre Global Infras price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Centre Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Centre Global Infras lagged returns against current returns
Autocorrelation, which is Centre 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 Centre Global's mutual fund expected returns. We can calculate the autocorrelation of Centre Global returns to help us make a trade decision. For example, suppose you find that Centre 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 |
Centre 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 Centre Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Centre 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 Centre Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Centre Global Lagged Returns
When evaluating Centre Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Centre Global mutual fund have on its future price. Centre 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, Centre Global autocorrelation shows the relationship between Centre Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Centre Global Infrastructure.
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 Centre Mutual Fund
Centre Global financial ratios help investors to determine whether Centre 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 Centre with respect to the benefits of owning Centre Global security.
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