Great West E Bond Fund Market Value
| MXFDX Fund | USD 9.95 0.03 0.30% |
| Symbol | Great-west |
Great-west Core '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 Core'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 Core.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Great-west Core on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Great West E Bond or generate 0.0% return on investment in Great-west Core over 720 days. Great-west Core is related to or competes with Mondrian Emerging, Jpmorgan Emerging, Kinetics Market, Shelton Emerging, Rbc Emerging, and Massmutual Select. The fund will, under normal circumstances, invest 80 percent of its net assets in fixed income securities More
Great-west Core 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 Core'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 E Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.51) | |||
| Maximum Drawdown | 1.21 | |||
| Value At Risk | (0.51) | |||
| Potential Upside | 0.5 |
Great-west Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Great-west Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Great-west Core's standard deviation. In reality, there are many statistical measures that can use Great-west Core historical prices to predict the future Great-west Core's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.53) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Great-west Core'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 Core Backtested Returns
Great-west Core holds Efficiency (Sharpe) Ratio of -0.0602, which attests that the entity had a -0.0602% return per unit of risk over the last 3 months. Great-west Core exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Great-west Core's Standard Deviation of 0.3038, risk adjusted performance of (0.06), and Market Risk Adjusted Performance of (0.52) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.0535, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Great-west Core's returns are expected to increase less than the market. However, during the bear market, the loss of holding Great-west Core is expected to be smaller as well.
Auto-correlation | -0.66 |
Very good reverse predictability
Great West E Bond has very good reverse predictability. Overlapping area represents the amount of predictability between Great-west Core time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Great-west Core price movement. The serial correlation of -0.66 indicates that around 66.0% of current Great-west Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Great-west Core lagged returns against current returns
Autocorrelation, which is Great-west Core 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 Core's mutual fund expected returns. We can calculate the autocorrelation of Great-west Core returns to help us make a trade decision. For example, suppose you find that Great-west Core 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 Core 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 Core mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Great-west Core 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 Core mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Great-west Core Lagged Returns
When evaluating Great-west Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Great-west Core mutual fund have on its future price. Great-west Core 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 Core autocorrelation shows the relationship between Great-west Core mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Great West E Bond.
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 Core 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 Core security.
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