Great West Government Mortgage Fund Market Value
| MXDQX Fund | USD 8.41 0.09 1.08% |
| Symbol | Great-west |
Great-west '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'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.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Great-west on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Great West Government Mortgage or generate 0.0% return on investment in Great-west over 720 days. Great-west is related to or competes with Chase Growth, T Rowe, Qs Growth, Artisan Small, Franklin Growth, and T Rowe. The fund will, under normal circumstances, invest at least 80 percent of its net assets in securities that have been iss... More
Great-west 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'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 Government Mortgage upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.52) | |||
| Maximum Drawdown | 1.43 | |||
| Value At Risk | (0.48) | |||
| Potential Upside | 0.4711 |
Great-west Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Great-west's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Great-west's standard deviation. In reality, there are many statistical measures that can use Great-west historical prices to predict the future Great-west's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | 0.4775 |
Great West Government Backtested Returns
Great West Government holds Efficiency (Sharpe) Ratio of -0.0584, which attests that the entity had a -0.0584% return per unit of risk over the last 3 months. Great West Government exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Great-west's Risk Adjusted Performance of (0.09), standard deviation of 0.3122, and Market Risk Adjusted Performance of 0.4875 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of -0.0841, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Great-west are expected to decrease at a much lower rate. During the bear market, Great-west is likely to outperform the market.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Great West Government Mortgage has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Great-west time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 to 26th 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 Government price movement. The serial correlation of -0.73 indicates that around 73.0% of current Great-west price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Great West Government lagged returns against current returns
Autocorrelation, which is Great-west 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's mutual fund expected returns. We can calculate the autocorrelation of Great-west returns to help us make a trade decision. For example, suppose you find that Great-west 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 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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Great-west 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 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Great-west Lagged Returns
When evaluating Great-west's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Great-west mutual fund have on its future price. Great-west 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 autocorrelation shows the relationship between Great-west mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Great West Government Mortgage.
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 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 security.
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