BGF World (Germany) Market Value
| MI9C Fund | EUR 41.19 1.07 2.67% |
| Symbol | BGF |
Please note, there is a significant difference between BGF World's value and its price as these two are different measures arrived at by different means. Investors typically determine if BGF World is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BGF World's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
BGF World '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 BGF World's 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 BGF World.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in BGF World on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding BGF World Gold or generate 0.0% return on investment in BGF World over 390 days. BGF World is related to or competes with Groupama Entreprises, Renaissance Europe, Superior Plus, Origin Agritech, Identiv, INTUITIVE SURGICAL, and Intel. More
BGF World 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 BGF World's 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 BGF World Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.73 | |||
| Information Ratio | 0.0526 | |||
| Maximum Drawdown | 9.04 | |||
| Value At Risk | (2.35) | |||
| Potential Upside | 2.94 |
BGF World Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BGF World's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BGF World's standard deviation. In reality, there are many statistical measures that can use BGF World historical prices to predict the future BGF World's volatility.| Risk Adjusted Performance | 0.0926 | |||
| Jensen Alpha | 0.201 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0508 | |||
| Treynor Ratio | (1.68) |
BGF World Gold Backtested Returns
At this point, BGF World is very steady. BGF World Gold secures Sharpe Ratio (or Efficiency) of 0.0441, which signifies that the fund had a 0.0441% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for BGF World Gold, which you can use to evaluate the volatility of the entity. Please confirm BGF World's Mean Deviation of 1.26, downside deviation of 1.73, and Risk Adjusted Performance of 0.0926 to double-check if the risk estimate we provide is consistent with the expected return of 0.0708%. The fund shows a Beta (market volatility) of -0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BGF World are expected to decrease at a much lower rate. During the bear market, BGF World is likely to outperform the market.
Auto-correlation | 0.77 |
Good predictability
BGF World Gold has good predictability. Overlapping area represents the amount of predictability between BGF World time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 BGF World Gold price movement. The serial correlation of 0.77 indicates that around 77.0% of current BGF World price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 2.54 |
BGF World Gold lagged returns against current returns
Autocorrelation, which is BGF World 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 BGF World's fund expected returns. We can calculate the autocorrelation of BGF World returns to help us make a trade decision. For example, suppose you find that BGF World has exhibited high autocorrelation historically, and you observe that the 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 |
BGF World 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 BGF World fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BGF World fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BGF World fund over time.
Current vs Lagged Prices |
| Timeline |
BGF World Lagged Returns
When evaluating BGF World's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BGF World fund have on its future price. BGF World 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, BGF World autocorrelation shows the relationship between BGF World fund current value and its past values and can show if there is a momentum factor associated with investing in BGF World Gold.
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 BGF Fund
BGF World financial ratios help investors to determine whether BGF 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 BGF with respect to the benefits of owning BGF World security.
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