Growth Allocation Fund Market Value
| GCOZX Fund | USD 13.40 0.11 0.83% |
| Symbol | Growth |
Growth Allocation '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 Growth Allocation'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 Growth Allocation.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Growth Allocation on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Growth Allocation Fund or generate 0.0% return on investment in Growth Allocation over 180 days. Growth Allocation is related to or competes with Defensive Market, Defensive Market, Value Equity, Value Equity, Guidestone Value, Guidestone Growth, and Guidestone Growth. The fund, primarily through investments in the GuideStone Funds Select Funds, combines a greater percentage of equity se... More
Growth Allocation 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 Growth Allocation'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 Growth Allocation Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5463 | |||
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 2.44 | |||
| Value At Risk | (0.75) | |||
| Potential Upside | 0.907 |
Growth Allocation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Growth Allocation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Growth Allocation's standard deviation. In reality, there are many statistical measures that can use Growth Allocation historical prices to predict the future Growth Allocation's volatility.| Risk Adjusted Performance | 0.0552 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.16) | |||
| Treynor Ratio | 0.0603 |
Growth Allocation Backtested Returns
At this stage we consider Growth Mutual Fund to be very steady. Growth Allocation holds Efficiency (Sharpe) Ratio of 0.0929, which attests that the entity had a 0.0929% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Growth Allocation, which you can use to evaluate the volatility of the entity. Please check out Growth Allocation's Risk Adjusted Performance of 0.0552, market risk adjusted performance of 0.0703, and Downside Deviation of 0.5463 to validate if the risk estimate we provide is consistent with the expected return of 0.05%. The fund retains a Market Volatility (i.e., Beta) of 0.52, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Growth Allocation's returns are expected to increase less than the market. However, during the bear market, the loss of holding Growth Allocation is expected to be smaller as well.
Auto-correlation | 0.54 |
Modest predictability
Growth Allocation Fund has modest predictability. Overlapping area represents the amount of predictability between Growth Allocation time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Growth Allocation price movement. The serial correlation of 0.54 indicates that about 54.0% of current Growth Allocation price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Growth Allocation lagged returns against current returns
Autocorrelation, which is Growth Allocation 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 Growth Allocation's mutual fund expected returns. We can calculate the autocorrelation of Growth Allocation returns to help us make a trade decision. For example, suppose you find that Growth Allocation 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 |
Growth Allocation 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 Growth Allocation mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Growth Allocation mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Growth Allocation mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Growth Allocation Lagged Returns
When evaluating Growth Allocation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Growth Allocation mutual fund have on its future price. Growth Allocation 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, Growth Allocation autocorrelation shows the relationship between Growth Allocation mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Growth Allocation 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 Growth Mutual Fund
Growth Allocation financial ratios help investors to determine whether Growth 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 Growth with respect to the benefits of owning Growth Allocation security.
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