Great West Aggressive Profile Fund Market Value
| MXAPX Fund | USD 6.06 0.01 0.16% |
| Symbol | Great-west |
Great-west Aggressive '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 Great-west Aggressive'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 Great-west Aggressive.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Great-west Aggressive on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Great West Aggressive Profile or generate 0.0% return on investment in Great-west Aggressive over 540 days. Great-west Aggressive is related to or competes with Great-west Moderate, Great-west Conservative, Great-west, Great-west Moderately, and Great-west. The fund usually invests in underlying equity funds according to the following asset allocation ranges 10 percent to 40 ... More
Great-west Aggressive 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 Great-west Aggressive'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 Great West Aggressive Profile upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 5.66 | |||
| Value At Risk | (1.15) | |||
| Potential Upside | 1.37 |
Great-west Aggressive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Great-west Aggressive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Great-west Aggressive's standard deviation. In reality, there are many statistical measures that can use Great-west Aggressive historical prices to predict the future Great-west Aggressive's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.04) |
Great West Aggressive Backtested Returns
Great West Aggressive holds Efficiency (Sharpe) Ratio of -0.0046, which attests that the entity had a -0.0046% return per unit of risk over the last 3 months. Great West Aggressive exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Great-west Aggressive's Risk Adjusted Performance of (0.02), market risk adjusted performance of (0.03), and Standard Deviation of 0.8705 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.7, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Great-west Aggressive's returns are expected to increase less than the market. However, during the bear market, the loss of holding Great-west Aggressive is expected to be smaller as well.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Great West Aggressive Profile has insignificant reverse predictability. Overlapping area represents the amount of predictability between Great-west Aggressive time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Great West Aggressive price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Great-west Aggressive price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Great West Aggressive lagged returns against current returns
Autocorrelation, which is Great-west Aggressive 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 Great-west Aggressive's mutual fund expected returns. We can calculate the autocorrelation of Great-west Aggressive returns to help us make a trade decision. For example, suppose you find that Great-west Aggressive 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 |
Great-west Aggressive 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 Great-west Aggressive mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Great-west Aggressive mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Great-west Aggressive mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Great-west Aggressive Lagged Returns
When evaluating Great-west Aggressive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Great-west Aggressive mutual fund have on its future price. Great-west Aggressive 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, Great-west Aggressive autocorrelation shows the relationship between Great-west Aggressive mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Great West Aggressive Profile.
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 Great-west Mutual Fund
Great-west Aggressive financial ratios help investors to determine whether Great-west 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 Great-west with respect to the benefits of owning Great-west Aggressive security.
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