Government Street Mid Cap Fund Market Value
| GVMCX Fund | USD 46.79 0.23 0.49% |
| Symbol | Government |
Government Street '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 Government Street'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 Government Street.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Government Street on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Government Street Mid Cap or generate 0.0% return on investment in Government Street over 30 days. Government Street is related to or competes with Vanguard Mid, SCOR PK, Morningstar Unconstrained, Via Renewables, Bondbloxx ETF, Spring Valley, and 70082LAB3. The funds portfolio manager emphasizes investment in the common stocks of mid-cap companies and is typically broadly div... More
Government Street 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 Government Street'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 Government Street Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7404 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 4.59 | |||
| Value At Risk | (1.05) | |||
| Potential Upside | 1.29 |
Government Street Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Government Street's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Government Street's standard deviation. In reality, there are many statistical measures that can use Government Street historical prices to predict the future Government Street's volatility.| Risk Adjusted Performance | 0.087 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0952 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Government Street'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.
Government Street Mid Backtested Returns
At this stage we consider Government Mutual Fund to be very steady. Government Street Mid holds Efficiency (Sharpe) Ratio of 0.0936, which attests that the entity had a 0.0936% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Government Street Mid, which you can use to evaluate the volatility of the entity. Please check out Government Street's Market Risk Adjusted Performance of 0.1052, downside deviation of 0.7404, and Risk Adjusted Performance of 0.087 to validate if the risk estimate we provide is consistent with the expected return of 0.0719%. The fund retains a Market Volatility (i.e., Beta) of 0.85, which attests to possible diversification benefits within a given portfolio. Government Street returns are very sensitive to returns on the market. As the market goes up or down, Government Street is expected to follow.
Auto-correlation | -0.01 |
Very weak reverse predictability
Government Street Mid Cap has very weak reverse predictability. Overlapping area represents the amount of predictability between Government Street time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 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 Government Street Mid price movement. The serial correlation of -0.01 indicates that just 1.0% of current Government Street price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.56 |
Government Street Mid lagged returns against current returns
Autocorrelation, which is Government Street 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 Government Street's mutual fund expected returns. We can calculate the autocorrelation of Government Street returns to help us make a trade decision. For example, suppose you find that Government Street 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 |
Government Street 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 Government Street mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Government Street mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Government Street mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Government Street Lagged Returns
When evaluating Government Street's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Government Street mutual fund have on its future price. Government Street 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, Government Street autocorrelation shows the relationship between Government Street mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Government Street Mid Cap.
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 Government Mutual Fund
Government Street financial ratios help investors to determine whether Government 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 Government with respect to the benefits of owning Government Street security.
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