Grandeur Peak Emerging Fund Market Value
| GPEIX Fund | USD 12.26 0.03 0.24% |
| Symbol | Grandeur |
Grandeur Peak '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 Grandeur Peak'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 Grandeur Peak.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Grandeur Peak on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Grandeur Peak Emerging or generate 0.0% return on investment in Grandeur Peak over 30 days. Grandeur Peak is related to or competes with Grandeur Peak, Grandeur Peak, Grandeur Peak, Grandeur Peak, Grandeur Peak, Grandeur Peak, and Grandeur Peak. The fund currently invests primarily in micro- to mid-cap companies that are economically tied to emerging or frontier m... More
Grandeur Peak 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 Grandeur Peak'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 Grandeur Peak Emerging upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 2.73 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 0.9886 |
Grandeur Peak Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grandeur Peak's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grandeur Peak's standard deviation. In reality, there are many statistical measures that can use Grandeur Peak historical prices to predict the future Grandeur Peak's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.31) |
Grandeur Peak Emerging Backtested Returns
Grandeur Peak Emerging holds Efficiency (Sharpe) Ratio of -0.11, which attests that the entity had a -0.11% return per unit of standard deviation over the last 3 months. Grandeur Peak Emerging exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Grandeur Peak's risk adjusted performance of (0.09), and Market Risk Adjusted Performance of (0.30) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.28, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Grandeur Peak's returns are expected to increase less than the market. However, during the bear market, the loss of holding Grandeur Peak is expected to be smaller as well.
Auto-correlation | -0.22 |
Weak reverse predictability
Grandeur Peak Emerging has weak reverse predictability. Overlapping area represents the amount of predictability between Grandeur Peak time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Grandeur Peak Emerging price movement. The serial correlation of -0.22 indicates that over 22.0% of current Grandeur Peak price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Grandeur Peak Emerging lagged returns against current returns
Autocorrelation, which is Grandeur Peak 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 Grandeur Peak's mutual fund expected returns. We can calculate the autocorrelation of Grandeur Peak returns to help us make a trade decision. For example, suppose you find that Grandeur Peak 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 |
Grandeur Peak 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 Grandeur Peak mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grandeur Peak mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grandeur Peak mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Grandeur Peak Lagged Returns
When evaluating Grandeur Peak's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grandeur Peak mutual fund have on its future price. Grandeur Peak 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, Grandeur Peak autocorrelation shows the relationship between Grandeur Peak mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Grandeur Peak Emerging.
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 Grandeur Mutual Fund
Grandeur Peak financial ratios help investors to determine whether Grandeur 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 Grandeur with respect to the benefits of owning Grandeur Peak security.
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets |