Goodhaven Fund Goodhaven Fund Market Value
| GOODX Fund | USD 52.58 0.07 0.13% |
| Symbol | Goodhaven |
Goodhaven Fund '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 Goodhaven Fund'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 Goodhaven Fund.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Goodhaven Fund on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Goodhaven Fund Goodhaven or generate 0.0% return on investment in Goodhaven Fund over 90 days. Goodhaven Fund is related to or competes with T Rowe, Morningstar Municipal, T Rowe, Blrc Sgy, T Rowe, California High-yield, and Ab Impact. The fund primarily invests in a focused portfolio of equity securities More
Goodhaven Fund 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 Goodhaven Fund'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 Goodhaven Fund Goodhaven upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5419 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 3.73 | |||
| Value At Risk | (0.80) | |||
| Potential Upside | 0.9639 |
Goodhaven Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goodhaven Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Goodhaven Fund's standard deviation. In reality, there are many statistical measures that can use Goodhaven Fund historical prices to predict the future Goodhaven Fund's volatility.| Risk Adjusted Performance | 0.1163 | |||
| Jensen Alpha | 0.0843 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 1.41 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Goodhaven Fund'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.
Goodhaven Fund Goodhaven Backtested Returns
At this stage we consider Goodhaven Mutual Fund to be very steady. Goodhaven Fund Goodhaven holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Goodhaven Fund Goodhaven, which you can use to evaluate the volatility of the entity. Please check out Goodhaven Fund's Risk Adjusted Performance of 0.1163, downside deviation of 0.5419, and Market Risk Adjusted Performance of 1.42 to validate if the risk estimate we provide is consistent with the expected return of 0.1%. The fund retains a Market Volatility (i.e., Beta) of 0.0651, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Goodhaven Fund's returns are expected to increase less than the market. However, during the bear market, the loss of holding Goodhaven Fund is expected to be smaller as well.
Auto-correlation | 0.38 |
Below average predictability
Goodhaven Fund Goodhaven has below average predictability. Overlapping area represents the amount of predictability between Goodhaven Fund time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th 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 Goodhaven Fund Goodhaven price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Goodhaven Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.93 |
Goodhaven Fund Goodhaven lagged returns against current returns
Autocorrelation, which is Goodhaven Fund 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 Goodhaven Fund's mutual fund expected returns. We can calculate the autocorrelation of Goodhaven Fund returns to help us make a trade decision. For example, suppose you find that Goodhaven Fund 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 |
Goodhaven Fund 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 Goodhaven Fund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goodhaven Fund mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Goodhaven Fund mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Goodhaven Fund Lagged Returns
When evaluating Goodhaven Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Goodhaven Fund mutual fund have on its future price. Goodhaven Fund 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, Goodhaven Fund autocorrelation shows the relationship between Goodhaven Fund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Goodhaven Fund Goodhaven.
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 Goodhaven Mutual Fund
Goodhaven Fund financial ratios help investors to determine whether Goodhaven 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 Goodhaven with respect to the benefits of owning Goodhaven Fund security.
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