Global Hard Assets Fund Market Value
| GHAYX Fund | USD 41.54 0.24 0.57% |
| Symbol | Global |
Global Hard '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 Hard'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 Hard.
| 09/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Global Hard on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Global Hard Assets or generate 0.0% return on investment in Global Hard over 60 days. Global Hard is related to or competes with Tax-managed, Gmo Small, Small Pany, Ancora/thelen Small-mid, Ab Small, Qs Us, and Artisan Small. Under normal conditions, the fund invests at least 80 percent of its net assets in securities of global resource compani... More
Global Hard 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 Hard'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 Hard Assets upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 3.82 | |||
| Value At Risk | (1.58) | |||
| Potential Upside | 1.28 |
Global Hard Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Hard's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Hard's standard deviation. In reality, there are many statistical measures that can use Global Hard historical prices to predict the future Global Hard's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Global Hard'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 Hard Assets Backtested Returns
Global Hard Assets holds Efficiency (Sharpe) Ratio of -0.002, which attests that the entity had a -0.002% return per unit of risk over the last 3 months. Global Hard Assets exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Global Hard's Market Risk Adjusted Performance of (0.03), standard deviation of 0.9197, and Risk Adjusted Performance of (0.01) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.62, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Global Hard's returns are expected to increase less than the market. However, during the bear market, the loss of holding Global Hard is expected to be smaller as well.
Auto-correlation | -0.26 |
Weak reverse predictability
Global Hard Assets has weak reverse predictability. Overlapping area represents the amount of predictability between Global Hard 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 Global Hard Assets price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Global Hard price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Global Hard Assets lagged returns against current returns
Autocorrelation, which is Global Hard 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 Hard's mutual fund expected returns. We can calculate the autocorrelation of Global Hard returns to help us make a trade decision. For example, suppose you find that Global Hard 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 Hard 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 Hard mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Hard 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 Hard mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Global Hard Lagged Returns
When evaluating Global Hard's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Hard mutual fund have on its future price. Global Hard 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 Hard autocorrelation shows the relationship between Global Hard mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Global Hard Assets.
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 Hard 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 Hard security.
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes |