Mirova Global Sustainable Fund Market Value
| ESGCX Fund | USD 20.01 0.16 0.81% |
| Symbol | Mirova |
Mirova 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 Mirova 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 Mirova Global.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Mirova Global on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Mirova Global Sustainable or generate 0.0% return on investment in Mirova Global over 30 days. Mirova Global is related to or competes with Guggenheim Total, Invesco Disciplined, and Fidelity Worldwide. Under normal circumstances, the fund invests at least 80 percent of its assets in equity securities, which may include c... More
Mirova 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 Mirova 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 Mirova Global Sustainable upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 3.72 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 0.9032 |
Mirova Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mirova Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mirova Global's standard deviation. In reality, there are many statistical measures that can use Mirova Global historical prices to predict the future Mirova Global's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mirova 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.
Mirova Global Sustainable Backtested Returns
At this stage we consider Mirova Mutual Fund to be very steady. Mirova Global Sustainable has Sharpe Ratio of 0.0268, which conveys that the entity had a 0.0268% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Mirova Global, which you can use to evaluate the volatility of the fund. Please verify Mirova Global's Risk Adjusted Performance of (0.02), mean deviation of 0.5344, and Standard Deviation of 0.7069 to check out if the risk estimate we provide is consistent with the expected return of 0.0181%. The fund secures a Beta (Market Risk) of 0.56, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mirova Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mirova Global is expected to be smaller as well.
Auto-correlation | -0.51 |
Good reverse predictability
Mirova Global Sustainable has good reverse predictability. Overlapping area represents the amount of predictability between Mirova Global time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Mirova Global Sustainable price movement. The serial correlation of -0.51 indicates that about 51.0% of current Mirova Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Mirova Global Sustainable lagged returns against current returns
Autocorrelation, which is Mirova 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 Mirova Global's mutual fund expected returns. We can calculate the autocorrelation of Mirova Global returns to help us make a trade decision. For example, suppose you find that Mirova 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 |
Mirova 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 Mirova Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mirova 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 Mirova Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mirova Global Lagged Returns
When evaluating Mirova Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mirova Global mutual fund have on its future price. Mirova 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, Mirova Global autocorrelation shows the relationship between Mirova Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mirova Global Sustainable.
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 Mirova Mutual Fund
Mirova Global financial ratios help investors to determine whether Mirova 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 Mirova with respect to the benefits of owning Mirova Global security.
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