Global Bond Fund Market Value
| GGBEX Fund | USD 8.71 0.03 0.35% |
| Symbol | Global |
Global Bond '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 Global Bond'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 Global Bond.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Global Bond on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Global Bond Fund or generate 0.0% return on investment in Global Bond over 180 days. Global Bond is related to or competes with Touchstone Small, Chase Growth, Rational Defensive, Vanguard Growth, L Abbett, Champlain Mid, and T Rowe. The fund invests mainly in a diversified portfolio of fixed income instruments of varying maturities and quality across ... More
Global Bond 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 Global Bond'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 Global Bond Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.56) | |||
| Maximum Drawdown | 1.13 | |||
| Value At Risk | (0.46) | |||
| Potential Upside | 0.348 |
Global Bond Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Bond's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Bond's standard deviation. In reality, there are many statistical measures that can use Global Bond historical prices to predict the future Global Bond's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 1.62 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Global Bond'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.
Global Bond Fund Backtested Returns
Global Bond Fund holds Efficiency (Sharpe) Ratio of -0.0545, which attests that the entity had a -0.0545% return per unit of risk over the last 3 months. Global Bond Fund exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Global Bond's Risk Adjusted Performance of (0.08), market risk adjusted performance of 1.63, and Standard Deviation of 0.2566 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of -0.0177, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Global Bond are expected to decrease at a much lower rate. During the bear market, Global Bond is likely to outperform the market.
Auto-correlation | -0.91 |
Near perfect reversele predictability
Global Bond Fund has near perfect reversele predictability. Overlapping area represents the amount of predictability between Global Bond time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th 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 Global Bond Fund price movement. The serial correlation of -0.91 indicates that approximately 91.0% of current Global Bond price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.91 | |
| Spearman Rank Test | -0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Global Bond Fund lagged returns against current returns
Autocorrelation, which is Global Bond 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 Global Bond's mutual fund expected returns. We can calculate the autocorrelation of Global Bond returns to help us make a trade decision. For example, suppose you find that Global Bond 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 |
Global Bond 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 Global Bond mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Bond mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Bond mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Global Bond Lagged Returns
When evaluating Global Bond's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Bond mutual fund have on its future price. Global Bond 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, Global Bond autocorrelation shows the relationship between Global Bond mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Global Bond 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 Global Mutual Fund
Global Bond financial ratios help investors to determine whether Global 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 Global with respect to the benefits of owning Global Bond security.
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