Global Diversified Income Fund Market Value
| PGBLX Fund | USD 11.93 0.02 0.17% |
| Symbol | Global |
Global Diversified '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 Global Diversified'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 Global Diversified.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Global Diversified on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Global Diversified Income or generate 0.0% return on investment in Global Diversified over 30 days. Global Diversified is related to or competes with Qs Us, Large Cap, Virtus Nfj, Aqr Large, and Jhancock Disciplined. The fund generally invests a majority of its assets in fixed income securities, such as investment-grade corporate bonds... More
Global Diversified 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 Global Diversified'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 Global Diversified Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2329 | |||
| Information Ratio | (0.64) | |||
| Maximum Drawdown | 1.09 | |||
| Value At Risk | (0.33) | |||
| Potential Upside | 0.2508 |
Global Diversified Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Diversified's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Diversified's standard deviation. In reality, there are many statistical measures that can use Global Diversified historical prices to predict the future Global Diversified's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.53) | |||
| Treynor Ratio | 2.19 |
Global Diversified Income Backtested Returns
At this stage we consider Global Mutual Fund to be very steady. Global Diversified Income holds Efficiency (Sharpe) Ratio of 0.0282, which attests that the entity had a 0.0282% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Global Diversified Income, which you can use to evaluate the volatility of the entity. Please check out Global Diversified's Risk Adjusted Performance of (0.02), market risk adjusted performance of 2.2, and Downside Deviation of 0.2329 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 -0.0039, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Global Diversified are expected to decrease at a much lower rate. During the bear market, Global Diversified is likely to outperform the market.
Auto-correlation | -0.3 |
Weak reverse predictability
Global Diversified Income has weak reverse predictability. Overlapping area represents the amount of predictability between Global Diversified time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 Global Diversified Income price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Global Diversified price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Global Diversified Income lagged returns against current returns
Autocorrelation, which is Global Diversified 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 Global Diversified's mutual fund expected returns. We can calculate the autocorrelation of Global Diversified returns to help us make a trade decision. For example, suppose you find that Global Diversified 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 |
Global Diversified 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 Global Diversified mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Diversified mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Diversified mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Global Diversified Lagged Returns
When evaluating Global Diversified's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Diversified mutual fund have on its future price. Global Diversified 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, Global Diversified autocorrelation shows the relationship between Global Diversified mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Global Diversified Income.
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 Global Mutual Fund
Global Diversified financial ratios help investors to determine whether Global 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 Global with respect to the benefits of owning Global Diversified security.
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