Gmo Opportunistic Income Fund Market Value
| GMODX Fund | USD 24.29 0.07 0.29% |
| Symbol | Gmo |
Gmo Opportunistic '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 Gmo Opportunistic'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 Gmo Opportunistic.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Gmo Opportunistic on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Gmo Opportunistic Income or generate 0.0% return on investment in Gmo Opportunistic over 30 days. Gmo Opportunistic is related to or competes with Gmo E, Gmo Trust, Gmo Treasury, Gmo Trust, Gmo Emerging, Gmo Emerging, and Gmo Emerging. The fund invests primarily in securitized credit securities More
Gmo Opportunistic 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 Gmo Opportunistic'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 Gmo Opportunistic Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1028 | |||
| Information Ratio | (1.35) | |||
| Maximum Drawdown | 0.4954 | |||
| Value At Risk | (0.12) | |||
| Potential Upside | 0.165 |
Gmo Opportunistic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gmo Opportunistic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gmo Opportunistic's standard deviation. In reality, there are many statistical measures that can use Gmo Opportunistic historical prices to predict the future Gmo Opportunistic's volatility.| Risk Adjusted Performance | (0.000019) | |||
| Jensen Alpha | 0.0029 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (1.19) | |||
| Treynor Ratio | 0.0349 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gmo Opportunistic'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.
Gmo Opportunistic Income Backtested Returns
At this stage we consider Gmo Mutual Fund to be very steady. Gmo Opportunistic Income holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Gmo Opportunistic Income, which you can use to evaluate the volatility of the entity. Please check out Gmo Opportunistic's Market Risk Adjusted Performance of 0.0449, coefficient of variation of 1020.3, and Risk Adjusted Performance of (0.000019) to validate if the risk estimate we provide is consistent with the expected return of 0.0112%. The fund retains a Market Volatility (i.e., Beta) of -0.0337, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Gmo Opportunistic are expected to decrease at a much lower rate. During the bear market, Gmo Opportunistic is likely to outperform the market.
Auto-correlation | 0.13 |
Insignificant predictability
Gmo Opportunistic Income has insignificant predictability. Overlapping area represents the amount of predictability between Gmo Opportunistic time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Gmo Opportunistic Income price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Gmo Opportunistic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Gmo Opportunistic Income lagged returns against current returns
Autocorrelation, which is Gmo Opportunistic 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 Gmo Opportunistic's mutual fund expected returns. We can calculate the autocorrelation of Gmo Opportunistic returns to help us make a trade decision. For example, suppose you find that Gmo Opportunistic 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 |
Gmo Opportunistic 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 Gmo Opportunistic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gmo Opportunistic mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gmo Opportunistic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Gmo Opportunistic Lagged Returns
When evaluating Gmo Opportunistic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gmo Opportunistic mutual fund have on its future price. Gmo Opportunistic 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, Gmo Opportunistic autocorrelation shows the relationship between Gmo Opportunistic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Gmo Opportunistic Income.
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 Gmo Mutual Fund
Gmo Opportunistic financial ratios help investors to determine whether Gmo 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 Gmo with respect to the benefits of owning Gmo Opportunistic security.
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