Gurtin National Municipal Fund Market Value
| GNMFX Fund | USD 9.75 0.04 0.41% |
| Symbol | Gurtin |
Gurtin National '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 Gurtin National'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 Gurtin National.
| 12/10/2024 |
| 01/09/2025 |
If you would invest 0.00 in Gurtin National on December 10, 2024 and sell it all today you would earn a total of 0.00 from holding Gurtin National Municipal or generate 0.0% return on investment in Gurtin National over 30 days. Gurtin National is related to or competes with Small Pany, Vy Franklin, Rbb Fund, Tax-managed, Semiconductor Ultrasector, Ab E, and Ab New. The fund seeks to achieve its investment objective by investing under normal circumstances at least 80 percent of its as... More
Gurtin National 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 Gurtin National'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 Gurtin National Municipal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 1.23 | |||
| Value At Risk | (0.41) | |||
| Potential Upside | 0.308 |
Gurtin National Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gurtin National's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gurtin National's standard deviation. In reality, there are many statistical measures that can use Gurtin National historical prices to predict the future Gurtin National's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (0.60) |
Gurtin National Municipal Backtested Returns
Gurtin National Municipal holds Efficiency (Sharpe) Ratio of -0.0455, which attests that the entity had a -0.0455% return per unit of risk over the last 3 months. Gurtin National Municipal exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gurtin National's Risk Adjusted Performance of (0.08), market risk adjusted performance of (0.59), and Standard Deviation of 0.241 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.0468, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Gurtin National's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gurtin National is expected to be smaller as well.
Auto-correlation | 0.31 |
Below average predictability
Gurtin National Municipal has below average predictability. Overlapping area represents the amount of predictability between Gurtin National time series from 10th of December 2024 to 25th of December 2024 and 25th of December 2024 to 9th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Gurtin National Municipal price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Gurtin National price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Gurtin National Municipal lagged returns against current returns
Autocorrelation, which is Gurtin National 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 Gurtin National's mutual fund expected returns. We can calculate the autocorrelation of Gurtin National returns to help us make a trade decision. For example, suppose you find that Gurtin National 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 |
Gurtin National 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 Gurtin National mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gurtin National mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gurtin National mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Gurtin National Lagged Returns
When evaluating Gurtin National's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gurtin National mutual fund have on its future price. Gurtin National 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, Gurtin National autocorrelation shows the relationship between Gurtin National mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Gurtin National Municipal.
Regressed Prices |
| Timeline |
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Other Information on Investing in Gurtin Mutual Fund
Gurtin National financial ratios help investors to determine whether Gurtin 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 Gurtin with respect to the benefits of owning Gurtin National security.
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