Grandeur Peak Global Fund Market Value
| GPMCX Fund | USD 14.51 0.04 0.28% |
| 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.
| 08/02/2023 |
| 11/24/2024 |
If you would invest 0.00 in Grandeur Peak on August 2, 2023 and sell it all today you would earn a total of 0.00 from holding Grandeur Peak Global or generate 0.0% return on investment in Grandeur Peak over 480 days. Grandeur Peak is related to or competes with Franklin High, Versatile Bond, Pace Municipal, Maryland Tax-free, Metropolitan West, California Bond, and Artisan High. The fund invests primarily in foreign and domestic micro-cap companies 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 Global upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 3.07 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 1.17 |
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 | (0.02) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Grandeur Peak'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.
Grandeur Peak Global Backtested Returns
Grandeur Peak Global holds Efficiency (Sharpe) Ratio of -0.0664, which attests that the entity had a -0.0664% return per unit of standard deviation over the last 3 months. Grandeur Peak Global 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 (0.02), and Market Risk Adjusted Performance of (0.04) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.48, which attests to possible diversification benefits within a given portfolio. 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 | 0.69 |
Good predictability
Grandeur Peak Global has good predictability. Overlapping area represents the amount of predictability between Grandeur Peak time series from 2nd of August 2023 to 29th of March 2024 and 29th of March 2024 to 24th 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 Global price movement. The serial correlation of 0.69 indicates that around 69.0% of current Grandeur Peak price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Grandeur Peak Global 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 Global.
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.
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