Deutsche Gnma Fund Market Value
| GCGGX Fund | USD 11.62 0.03 0.26% |
| Symbol | Deutsche |
Deutsche Gnma '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 Deutsche Gnma'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 Deutsche Gnma.
| 09/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Deutsche Gnma on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Deutsche Gnma Fund or generate 0.0% return on investment in Deutsche Gnma over 60 days. Deutsche Gnma is related to or competes with First Eagle, Short Precious, Gold Portfolio, Goldman Sachs, Invesco Gold, Europac Gold, and Gabelli Gold. The fund invests at least 80 percent of net assets, plus the amount of any borrowings for investment purposes, in Ginnie... More
Deutsche Gnma 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 Deutsche Gnma'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 Deutsche Gnma Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.50) | |||
| Maximum Drawdown | 1.81 | |||
| Value At Risk | (0.68) | |||
| Potential Upside | 0.423 |
Deutsche Gnma Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Deutsche Gnma's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Deutsche Gnma's standard deviation. In reality, there are many statistical measures that can use Deutsche Gnma historical prices to predict the future Deutsche Gnma's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | 1.41 |
Deutsche Gnma Backtested Returns
Deutsche Gnma secures Sharpe Ratio (or Efficiency) of -0.0886, which denotes the fund had a -0.0886% return per unit of risk over the last 3 months. Deutsche Gnma Fund exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Deutsche Gnma's Variance of 0.1033, mean deviation of 0.2453, and Standard Deviation of 0.3213 to check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.0278, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Deutsche Gnma are expected to decrease at a much lower rate. During the bear market, Deutsche Gnma is likely to outperform the market.
Auto-correlation | 0.20 |
Weak predictability
Deutsche Gnma Fund has weak predictability. Overlapping area represents the amount of predictability between Deutsche Gnma time series from 28th of September 2024 to 28th of October 2024 and 28th of October 2024 to 27th 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 Deutsche Gnma price movement. The serial correlation of 0.2 indicates that over 20.0% of current Deutsche Gnma price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Deutsche Gnma lagged returns against current returns
Autocorrelation, which is Deutsche Gnma 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 Deutsche Gnma's mutual fund expected returns. We can calculate the autocorrelation of Deutsche Gnma returns to help us make a trade decision. For example, suppose you find that Deutsche Gnma 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 |
Deutsche Gnma 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 Deutsche Gnma mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Deutsche Gnma mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Deutsche Gnma mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Deutsche Gnma Lagged Returns
When evaluating Deutsche Gnma's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Deutsche Gnma mutual fund have on its future price. Deutsche Gnma 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, Deutsche Gnma autocorrelation shows the relationship between Deutsche Gnma mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Deutsche Gnma Fund.
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 Deutsche Mutual Fund
Deutsche Gnma financial ratios help investors to determine whether Deutsche 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 Deutsche with respect to the benefits of owning Deutsche Gnma security.
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