Alphacentric Global Innovations Fund Market Value
| GNXAX Fund | USD 13.19 0.22 1.64% |
| Symbol | Alphacentric |
Alphacentric 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 Alphacentric Global'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 Alphacentric Global.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Alphacentric Global on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Alphacentric Global Innovations or generate 0.0% return on investment in Alphacentric Global over 30 days. Alphacentric Global is related to or competes with Champlain Small, Kinetics Small, Us Small, Gmo Small, Qs Us, Small Cap, and Fisher Investments. The fund seeks to achieve its investment objective by investing in a portfolio of U.S More
Alphacentric 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 Alphacentric Global'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 Alphacentric Global Innovations upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.4 | |||
| Information Ratio | 0.0314 | |||
| Maximum Drawdown | 7.13 | |||
| Value At Risk | (1.82) | |||
| Potential Upside | 2.63 |
Alphacentric Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alphacentric Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alphacentric Global's standard deviation. In reality, there are many statistical measures that can use Alphacentric Global historical prices to predict the future Alphacentric Global's volatility.| Risk Adjusted Performance | 0.0965 | |||
| Jensen Alpha | 0.048 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.033 | |||
| Treynor Ratio | 0.1692 |
Alphacentric Global Backtested Returns
At this stage we consider Alphacentric Mutual Fund to be not too volatile. Alphacentric Global secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the fund had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Alphacentric Global Innovations, which you can use to evaluate the volatility of the entity. Please confirm Alphacentric Global's Mean Deviation of 1.1, risk adjusted performance of 0.0965, and Downside Deviation of 1.4 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. The fund shows a Beta (market volatility) of 0.98, which signifies possible diversification benefits within a given portfolio. Alphacentric Global returns are very sensitive to returns on the market. As the market goes up or down, Alphacentric Global is expected to follow.
Auto-correlation | 0.85 |
Very good predictability
Alphacentric Global Innovations has very good predictability. Overlapping area represents the amount of predictability between Alphacentric Global time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Alphacentric Global price movement. The serial correlation of 0.85 indicates that around 85.0% of current Alphacentric Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Alphacentric Global lagged returns against current returns
Autocorrelation, which is Alphacentric Global 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 Alphacentric Global's mutual fund expected returns. We can calculate the autocorrelation of Alphacentric Global returns to help us make a trade decision. For example, suppose you find that Alphacentric Global 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 |
Alphacentric 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 Alphacentric Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alphacentric Global mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alphacentric Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Alphacentric Global Lagged Returns
When evaluating Alphacentric Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alphacentric Global mutual fund have on its future price. Alphacentric 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, Alphacentric Global autocorrelation shows the relationship between Alphacentric Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Alphacentric Global Innovations.
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 Alphacentric Mutual Fund
Alphacentric Global financial ratios help investors to determine whether Alphacentric 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 Alphacentric with respect to the benefits of owning Alphacentric Global security.
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