Mydestination 2025 Fund Market Value
| GMWZX Fund | USD 11.17 0.05 0.45% |
| Symbol | Mydestination |
Mydestination 2025 '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 Mydestination 2025'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 Mydestination 2025.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Mydestination 2025 on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Mydestination 2025 Fund or generate 0.0% return on investment in Mydestination 2025 over 540 days. Mydestination 2025 is related to or competes with Eic Value, Rbc Funds, T Rowe, Ab Value, Bbh Partner, and Omni Small-cap. The fund pursues its objective by investing primarily in a diversified portfolio of GuideStone Funds Select Funds that r... More
Mydestination 2025 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 Mydestination 2025'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 Mydestination 2025 Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4304 | |||
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 1.64 | |||
| Value At Risk | (0.63) | |||
| Potential Upside | 0.6341 |
Mydestination 2025 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mydestination 2025's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mydestination 2025's standard deviation. In reality, there are many statistical measures that can use Mydestination 2025 historical prices to predict the future Mydestination 2025's volatility.| Risk Adjusted Performance | 0.0633 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.24) | |||
| Treynor Ratio | 0.0733 |
Mydestination 2025 Backtested Returns
At this stage we consider Mydestination Mutual Fund to be very steady. Mydestination 2025 has Sharpe Ratio of 0.12, which conveys that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mydestination 2025, which you can use to evaluate the volatility of the fund. Please verify Mydestination 2025's Downside Deviation of 0.4304, risk adjusted performance of 0.0633, and Mean Deviation of 0.2722 to check out if the risk estimate we provide is consistent with the expected return of 0.0432%. The fund secures a Beta (Market Risk) of 0.34, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mydestination 2025's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mydestination 2025 is expected to be smaller as well.
Auto-correlation | 0.55 |
Modest predictability
Mydestination 2025 Fund has modest predictability. Overlapping area represents the amount of predictability between Mydestination 2025 time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th 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 Mydestination 2025 price movement. The serial correlation of 0.55 indicates that about 55.0% of current Mydestination 2025 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Mydestination 2025 lagged returns against current returns
Autocorrelation, which is Mydestination 2025 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 Mydestination 2025's mutual fund expected returns. We can calculate the autocorrelation of Mydestination 2025 returns to help us make a trade decision. For example, suppose you find that Mydestination 2025 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 |
Mydestination 2025 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 Mydestination 2025 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mydestination 2025 mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mydestination 2025 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mydestination 2025 Lagged Returns
When evaluating Mydestination 2025's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mydestination 2025 mutual fund have on its future price. Mydestination 2025 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, Mydestination 2025 autocorrelation shows the relationship between Mydestination 2025 mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mydestination 2025 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 Mydestination Mutual Fund
Mydestination 2025 financial ratios help investors to determine whether Mydestination 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 Mydestination with respect to the benefits of owning Mydestination 2025 security.
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