BGF Global (Germany) Market Value
| MI9D Fund | EUR 75.95 0.53 0.69% |
| Symbol | BGF |
Please note, there is a significant difference between BGF Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if BGF Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BGF Global'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 Global '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 Global'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 Global.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in BGF Global on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding BGF Global Allocation or generate 0.0% return on investment in BGF Global over 90 days. BGF Global is related to or competes with Groupama Entreprises, Renaissance Europe, Superior Plus, Origin Agritech, Identiv, INTUITIVE SURGICAL, and Intel. More
BGF Global 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 Global'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 Global Allocation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6868 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 4.83 | |||
| Value At Risk | (1.03) | |||
| Potential Upside | 1.05 |
BGF Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BGF Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BGF Global's standard deviation. In reality, there are many statistical measures that can use BGF Global historical prices to predict the future BGF Global's volatility.| Risk Adjusted Performance | 0.1036 | |||
| Jensen Alpha | 0.0753 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.6361 |
BGF Global Allocation Backtested Returns
At this point, BGF Global is very steady. BGF Global Allocation secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the fund had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for BGF Global Allocation, which you can use to evaluate the volatility of the entity. Please confirm BGF Global's Mean Deviation of 0.5116, risk adjusted performance of 0.1036, and Downside Deviation of 0.6868 to double-check if the risk estimate we provide is consistent with the expected return of 0.0939%. The fund shows a Beta (market volatility) of 0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BGF Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding BGF Global is expected to be smaller as well.
Auto-correlation | 0.77 |
Good predictability
BGF Global Allocation has good predictability. Overlapping area represents the amount of predictability between BGF Global time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st 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 Global Allocation price movement. The serial correlation of 0.77 indicates that around 77.0% of current BGF Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 1.72 |
BGF Global Allocation lagged returns against current returns
Autocorrelation, which is BGF Global 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 Global's fund expected returns. We can calculate the autocorrelation of BGF Global returns to help us make a trade decision. For example, suppose you find that BGF Global 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 Global 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 Global fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BGF Global fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BGF Global fund over time.
Current vs Lagged Prices |
| Timeline |
BGF Global Lagged Returns
When evaluating BGF Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BGF Global fund have on its future price. BGF Global 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 Global autocorrelation shows the relationship between BGF Global fund current value and its past values and can show if there is a momentum factor associated with investing in BGF Global Allocation.
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 Global 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 Global security.
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