Clough Global Opportunities Fund Market Value
| GLO Fund | USD 5.26 0.01 0.19% |
| Symbol | Clough |
Clough 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 Clough Global's 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 Clough Global.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Clough Global on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Clough Global Opportunities or generate 0.0% return on investment in Clough Global over 30 days. Clough Global is related to or competes with Clough Global, Voya Asia, Aberdeen Global, RiverNorthDoubleLine, Cornerstone Strategic, Rivernorth Opportunities, and Aberdeen Income. Clough Global Opportunities Fund is a closed ended balanced mutual fund launched and managed by Clough Capital Partners ... More
Clough 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 Clough Global's 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 Clough Global Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7724 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 3.03 | |||
| Value At Risk | (1.15) | |||
| Potential Upside | 1.16 |
Clough Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clough Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clough Global's standard deviation. In reality, there are many statistical measures that can use Clough Global historical prices to predict the future Clough Global's volatility.| Risk Adjusted Performance | 0.0278 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.0251 |
Clough Global Opport Backtested Returns
As of now, Clough Fund is not too volatile. Clough Global Opport secures Sharpe Ratio (or Efficiency) of 0.0541, which signifies that the fund had a 0.0541% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Clough Global Opportunities, which you can use to evaluate the volatility of the entity. Please confirm Clough Global's Downside Deviation of 0.7724, risk adjusted performance of 0.0278, and Mean Deviation of 0.4892 to double-check if the risk estimate we provide is consistent with the expected return of 0.035%. The fund shows a Beta (market volatility) of 0.61, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Clough Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Clough Global is expected to be smaller as well.
Auto-correlation | 0.33 |
Below average predictability
Clough Global Opportunities has below average predictability. Overlapping area represents the amount of predictability between Clough Global time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Clough Global Opport price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Clough Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Clough Global Opport lagged returns against current returns
Autocorrelation, which is Clough Global 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 Clough Global's fund expected returns. We can calculate the autocorrelation of Clough Global returns to help us make a trade decision. For example, suppose you find that Clough Global has exhibited high autocorrelation historically, and you observe that the 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 |
Clough 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 Clough Global fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clough Global fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Clough Global fund over time.
Current vs Lagged Prices |
| Timeline |
Clough Global Lagged Returns
When evaluating Clough Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clough Global fund have on its future price. Clough 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, Clough Global autocorrelation shows the relationship between Clough Global fund current value and its past values and can show if there is a momentum factor associated with investing in Clough Global Opportunities.
Regressed Prices |
| Timeline |
Pair Trading with Clough Global
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Clough Global position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Clough Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Clough Fund
The ability to find closely correlated positions to Clough Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clough Global when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Clough Global - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Clough Global Opportunities to buy it.
The correlation of Clough Global is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Clough Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clough Global Opport moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Clough Global can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Clough Fund
Clough Global financial ratios help investors to determine whether Clough 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 Clough with respect to the benefits of owning Clough Global security.
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