Asg Global Alternatives Fund Market Value
| GAFYX Fund | USD 10.83 0.07 0.64% |
| Symbol | Asg |
Asg 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 Asg 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 Asg Global.
| 05/04/2023 |
| 11/24/2024 |
If you would invest 0.00 in Asg Global on May 4, 2023 and sell it all today you would earn a total of 0.00 from holding Asg Global Alternatives or generate 0.0% return on investment in Asg Global over 570 days. Asg Global is related to or competes with Federated Mdt, Aqr Large, Rational Strategic, T Rowe, Quantitative, and Morningstar Unconstrained. The fund seeks to achieve long and short exposure to global equity, bond, currency and commodity markets through a wide ... More
Asg 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 Asg 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 Asg Global Alternatives upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4278 | |||
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 1.79 | |||
| Value At Risk | (0.56) | |||
| Potential Upside | 0.8435 |
Asg Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asg Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asg Global's standard deviation. In reality, there are many statistical measures that can use Asg Global historical prices to predict the future Asg Global's volatility.| Risk Adjusted Performance | 0.0532 | |||
| Jensen Alpha | 0.0203 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.23) | |||
| Treynor Ratio | 0.9314 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Asg 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.
Asg Global Alternatives Backtested Returns
At this stage we consider Asg Mutual Fund to be very steady. Asg Global Alternatives secures Sharpe Ratio (or Efficiency) of 0.0662, which signifies that the fund had a 0.0662% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Asg Global Alternatives, which you can use to evaluate the volatility of the entity. Please confirm Asg Global's risk adjusted performance of 0.0532, and Mean Deviation of 0.3139 to double-check if the risk estimate we provide is consistent with the expected return of 0.0281%. The fund shows a Beta (market volatility) of 0.0251, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Asg Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Asg Global is expected to be smaller as well.
Auto-correlation | 0.52 |
Modest predictability
Asg Global Alternatives has modest predictability. Overlapping area represents the amount of predictability between Asg Global time series from 4th of May 2023 to 13th of February 2024 and 13th of February 2024 to 24th 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 Asg Global Alternatives price movement. The serial correlation of 0.52 indicates that about 52.0% of current Asg Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Asg Global Alternatives lagged returns against current returns
Autocorrelation, which is Asg 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 Asg Global's mutual fund expected returns. We can calculate the autocorrelation of Asg Global returns to help us make a trade decision. For example, suppose you find that Asg 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 |
Asg 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 Asg Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asg 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 Asg Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Asg Global Lagged Returns
When evaluating Asg Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asg Global mutual fund have on its future price. Asg 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, Asg Global autocorrelation shows the relationship between Asg Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Asg Global Alternatives.
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 Asg Mutual Fund
Asg Global financial ratios help investors to determine whether Asg 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 Asg with respect to the benefits of owning Asg Global security.
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