Great West Lifetime 2050 Fund Market Value
| MXBSX Fund | USD 12.08 0.01 0.08% |
| Symbol | Great-west |
Great-west Lifetime '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 Lifetime'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 Lifetime.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Great-west Lifetime on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Great West Lifetime 2050 or generate 0.0% return on investment in Great-west Lifetime over 540 days. Great-west Lifetime is related to or competes with Columbia Real, Great-west Real, Jhancock Real, Goldman Sachs, and Dunham Real. The fund seeks to achieve its objective by investing in a professionally selected mix of underlying funds that is tailor... More
Great-west Lifetime 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 Lifetime'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 Lifetime 2050 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 4.53 | |||
| Value At Risk | (1.23) | |||
| Potential Upside | 1.19 |
Great-west Lifetime Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Great-west Lifetime's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Great-west Lifetime's standard deviation. In reality, there are many statistical measures that can use Great-west Lifetime historical prices to predict the future Great-west Lifetime's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Great-west Lifetime'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.
Great West Lifetime Backtested Returns
At this stage we consider Great-west Mutual Fund to be very steady. Great West Lifetime holds Efficiency (Sharpe) Ratio of 0.0072, which attests that the entity had a 0.0072% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Great West Lifetime, which you can use to evaluate the volatility of the entity. Please check out Great-west Lifetime's Standard Deviation of 0.7609, risk adjusted performance of (0.02), and Market Risk Adjusted Performance of (0.03) to validate if the risk estimate we provide is consistent with the expected return of 0.0055%. The fund retains a Market Volatility (i.e., Beta) of 0.62, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Great-west Lifetime's returns are expected to increase less than the market. However, during the bear market, the loss of holding Great-west Lifetime is expected to be smaller as well.
Auto-correlation | -0.07 |
Very weak reverse predictability
Great West Lifetime 2050 has very weak reverse predictability. Overlapping area represents the amount of predictability between Great-west Lifetime 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 Lifetime price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Great-west Lifetime price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Great West Lifetime lagged returns against current returns
Autocorrelation, which is Great-west Lifetime 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 Lifetime's mutual fund expected returns. We can calculate the autocorrelation of Great-west Lifetime returns to help us make a trade decision. For example, suppose you find that Great-west Lifetime 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 Lifetime 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 Lifetime mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Great-west Lifetime 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 Lifetime mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Great-west Lifetime Lagged Returns
When evaluating Great-west Lifetime's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Great-west Lifetime mutual fund have on its future price. Great-west Lifetime 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 Lifetime autocorrelation shows the relationship between Great-west Lifetime mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Great West Lifetime 2050.
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 Lifetime 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 Lifetime security.
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