Global Opportunity Portfolio Fund Market Value
| MSOPX Fund | USD 33.20 0.08 0.24% |
| Symbol | GLOBAL |
Global Opportunity '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 Global Opportunity'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 Global Opportunity.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Global Opportunity on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Global Opportunity Portfolio or generate 0.0% return on investment in Global Opportunity over 30 days. Global Opportunity is related to or competes with Emerging Markets, Global Fixed, Global Fixed, Global Fixed, Global Core, Global Concentrated, and Global Core. The fund seeks to achieve its investment objective by investing primarily in established and emerging companies located ... More
Global Opportunity 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 Global Opportunity'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 Global Opportunity Portfolio upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9729 | |||
| Information Ratio | 0.0668 | |||
| Maximum Drawdown | 4.36 | |||
| Value At Risk | (1.73) | |||
| Potential Upside | 1.55 |
Global Opportunity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Opportunity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Opportunity's standard deviation. In reality, there are many statistical measures that can use Global Opportunity historical prices to predict the future Global Opportunity's volatility.| Risk Adjusted Performance | 0.1696 | |||
| Jensen Alpha | 0.1976 | |||
| Total Risk Alpha | 0.0376 | |||
| Sortino Ratio | 0.0617 | |||
| Treynor Ratio | (2.41) |
Global Opportunity Backtested Returns
Global Opportunity appears to be very steady, given 3 months investment horizon. Global Opportunity holds Efficiency (Sharpe) Ratio of 0.26, which attests that the entity had a 0.26% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Global Opportunity, which you can use to evaluate the volatility of the entity. Please utilize Global Opportunity's Risk Adjusted Performance of 0.1696, market risk adjusted performance of (2.40), and Downside Deviation of 0.9729 to validate if our risk estimates are consistent with your expectations. The fund retains a Market Volatility (i.e., Beta) of -0.0779, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Global Opportunity are expected to decrease at a much lower rate. During the bear market, Global Opportunity is likely to outperform the market.
Auto-correlation | 0.87 |
Very good predictability
Global Opportunity Portfolio has very good predictability. Overlapping area represents the amount of predictability between Global Opportunity time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Global Opportunity price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Global Opportunity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Global Opportunity lagged returns against current returns
Autocorrelation, which is Global Opportunity 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 Global Opportunity's mutual fund expected returns. We can calculate the autocorrelation of Global Opportunity returns to help us make a trade decision. For example, suppose you find that Global Opportunity 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 |
Global Opportunity 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 Global Opportunity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Opportunity mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Opportunity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Global Opportunity Lagged Returns
When evaluating Global Opportunity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Opportunity mutual fund have on its future price. Global Opportunity 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, Global Opportunity autocorrelation shows the relationship between Global Opportunity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Global Opportunity Portfolio.
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 GLOBAL Mutual Fund
Global Opportunity financial ratios help investors to determine whether GLOBAL 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 GLOBAL with respect to the benefits of owning Global Opportunity security.
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