Guidepath Absolute Return Fund Market Value
| GPARX Fund | USD 9.80 0.02 0.20% |
| Symbol | Guidepath(r) |
Guidepath(r) Absolute '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 Guidepath(r) Absolute'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 Guidepath(r) Absolute.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Guidepath(r) Absolute on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Guidepath Absolute Return or generate 0.0% return on investment in Guidepath(r) Absolute over 90 days. Guidepath(r) Absolute is related to or competes with Champlain Small, Vanguard Small-cap, Heartland Value, Small-midcap Dividend, and Ab Small. The fund operates as a fund of funds, investing primarily in registered mutual funds, including exchange-traded funds More
Guidepath(r) Absolute 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 Guidepath(r) Absolute'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 Guidepath Absolute Return upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1803 | |||
| Information Ratio | (0.71) | |||
| Maximum Drawdown | 0.7193 | |||
| Value At Risk | (0.21) | |||
| Potential Upside | 0.206 |
Guidepath(r) Absolute Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guidepath(r) Absolute's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guidepath(r) Absolute's standard deviation. In reality, there are many statistical measures that can use Guidepath(r) Absolute historical prices to predict the future Guidepath(r) Absolute's volatility.| Risk Adjusted Performance | 0.0323 | |||
| Jensen Alpha | 0.0016 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.61) | |||
| Treynor Ratio | 0.1773 |
Guidepath Absolute Return Backtested Returns
At this stage we consider Guidepath(r) Mutual Fund to be very steady. Guidepath Absolute Return holds Efficiency (Sharpe) Ratio of 0.0838, which attests that the entity had a 0.0838% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Guidepath Absolute Return, which you can use to evaluate the volatility of the entity. Please check out Guidepath(r) Absolute's Market Risk Adjusted Performance of 0.1873, downside deviation of 0.1803, and Risk Adjusted Performance of 0.0323 to validate if the risk estimate we provide is consistent with the expected return of 0.0131%. The fund retains a Market Volatility (i.e., Beta) of 0.0256, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Guidepath(r) Absolute's returns are expected to increase less than the market. However, during the bear market, the loss of holding Guidepath(r) Absolute is expected to be smaller as well.
Auto-correlation | -0.54 |
Good reverse predictability
Guidepath Absolute Return has good reverse predictability. Overlapping area represents the amount of predictability between Guidepath(r) Absolute 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 Guidepath Absolute Return price movement. The serial correlation of -0.54 indicates that about 54.0% of current Guidepath(r) Absolute price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Guidepath Absolute Return lagged returns against current returns
Autocorrelation, which is Guidepath(r) Absolute 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 Guidepath(r) Absolute's mutual fund expected returns. We can calculate the autocorrelation of Guidepath(r) Absolute returns to help us make a trade decision. For example, suppose you find that Guidepath(r) Absolute 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 |
Guidepath(r) Absolute 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 Guidepath(r) Absolute mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guidepath(r) Absolute mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guidepath(r) Absolute mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Guidepath(r) Absolute Lagged Returns
When evaluating Guidepath(r) Absolute's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guidepath(r) Absolute mutual fund have on its future price. Guidepath(r) Absolute 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, Guidepath(r) Absolute autocorrelation shows the relationship between Guidepath(r) Absolute mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Guidepath Absolute Return.
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 Guidepath(r) Mutual Fund
Guidepath(r) Absolute financial ratios help investors to determine whether Guidepath(r) 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 Guidepath(r) with respect to the benefits of owning Guidepath(r) Absolute security.
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