Great West Goldman Sachs Fund Market Value
| MXKJX Fund | USD 9.89 0.05 0.51% |
| Symbol | Great-west |
Great-west Goldman '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 Goldman'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 Goldman.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Great-west Goldman on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Great West Goldman Sachs or generate 0.0% return on investment in Great-west Goldman over 30 days. Great-west Goldman is related to or competes with Fidelity Low-priced, Fidelity Low-priced, Vanguard Mid-cap, John Hancock, John Hancock, Vanguard Mid-cap, and Jpmorgan Mid. The fund will, under normal circumstances, invest at least 80 percent of its net assets in equity securities of U.S More
Great-west Goldman 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 Goldman'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 Goldman Sachs upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.697 | |||
| Information Ratio | 0.004 | |||
| Maximum Drawdown | 3.51 | |||
| Value At Risk | (1.23) | |||
| Potential Upside | 1.26 |
Great-west Goldman Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Great-west Goldman's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Great-west Goldman's standard deviation. In reality, there are many statistical measures that can use Great-west Goldman historical prices to predict the future Great-west Goldman's volatility.| Risk Adjusted Performance | 0.1123 | |||
| Jensen Alpha | 0.1033 | |||
| Total Risk Alpha | 0.0028 | |||
| Sortino Ratio | 0.0043 | |||
| Treynor Ratio | (13.31) |
Great West Goldman Backtested Returns
At this stage we consider Great-west Mutual Fund to be very steady. Great West Goldman holds Efficiency (Sharpe) Ratio of 0.1, which attests that the entity had a 0.1% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Great West Goldman, which you can use to evaluate the volatility of the entity. Please check out Great-west Goldman's Downside Deviation of 0.697, market risk adjusted performance of (13.30), and Risk Adjusted Performance of 0.1123 to validate if the risk estimate we provide is consistent with the expected return of 0.0771%. The fund retains a Market Volatility (i.e., Beta) of -0.0077, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Great-west Goldman are expected to decrease at a much lower rate. During the bear market, Great-west Goldman is likely to outperform the market.
Auto-correlation | 0.14 |
Insignificant predictability
Great West Goldman Sachs has insignificant predictability. Overlapping area represents the amount of predictability between Great-west Goldman time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Goldman price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Great-west Goldman price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Great West Goldman lagged returns against current returns
Autocorrelation, which is Great-west Goldman 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 Goldman's mutual fund expected returns. We can calculate the autocorrelation of Great-west Goldman returns to help us make a trade decision. For example, suppose you find that Great-west Goldman 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 Goldman 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 Goldman mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Great-west Goldman 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 Goldman mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Great-west Goldman Lagged Returns
When evaluating Great-west Goldman's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Great-west Goldman mutual fund have on its future price. Great-west Goldman 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 Goldman autocorrelation shows the relationship between Great-west Goldman mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Great West Goldman Sachs.
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 Goldman 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 Goldman security.
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