Middlefield Global Real Fund Market Value
| RA-UN Fund | CAD 7.81 0.02 0.26% |
| Symbol | Middlefield |
Please note, there is a significant difference between Middlefield Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Middlefield Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Middlefield Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Middlefield Global '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 Middlefield Global's 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 Middlefield Global.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Middlefield Global on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Middlefield Global Real or generate 0.0% return on investment in Middlefield Global over 60 days. Middlefield Global is related to or competes with BMO Concentrated, and Global Healthcare. More
Middlefield Global 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 Middlefield Global's 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 Middlefield Global Real upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7673 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 3.24 | |||
| Value At Risk | (0.90) | |||
| Potential Upside | 1.19 |
Middlefield Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Middlefield Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Middlefield Global's standard deviation. In reality, there are many statistical measures that can use Middlefield Global historical prices to predict the future Middlefield Global's volatility.| Risk Adjusted Performance | 0.0466 | |||
| Jensen Alpha | 0.0408 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | (0.55) |
Middlefield Global Real Backtested Returns
Currently, Middlefield Global Real is very steady. Middlefield Global Real has Sharpe Ratio of 0.0694, which conveys that the entity had a 0.0694% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Middlefield Global, which you can use to evaluate the volatility of the fund. Please verify Middlefield Global's Downside Deviation of 0.7673, risk adjusted performance of 0.0466, and Mean Deviation of 0.4994 to check out if the risk estimate we provide is consistent with the expected return of 0.0424%. The fund secures a Beta (Market Risk) of -0.0609, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Middlefield Global are expected to decrease at a much lower rate. During the bear market, Middlefield Global is likely to outperform the market.
Auto-correlation | 0.36 |
Below average predictability
Middlefield Global Real has below average predictability. Overlapping area represents the amount of predictability between Middlefield Global time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 Middlefield Global Real price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Middlefield Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Middlefield Global Real lagged returns against current returns
Autocorrelation, which is Middlefield Global 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 Middlefield Global's fund expected returns. We can calculate the autocorrelation of Middlefield Global returns to help us make a trade decision. For example, suppose you find that Middlefield Global has exhibited high autocorrelation historically, and you observe that the 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 |
Middlefield Global 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 Middlefield Global fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Middlefield Global fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Middlefield Global fund over time.
Current vs Lagged Prices |
| Timeline |
Middlefield Global Lagged Returns
When evaluating Middlefield Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Middlefield Global fund have on its future price. Middlefield Global 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, Middlefield Global autocorrelation shows the relationship between Middlefield Global fund current value and its past values and can show if there is a momentum factor associated with investing in Middlefield Global Real.
Regressed Prices |
| Timeline |
Pair Trading with Middlefield Global
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Middlefield Global position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Middlefield Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Middlefield Fund
| 0.68 | 0P0000706A | RBC Select Balanced | PairCorr |
| 0.69 | 0P00007069 | RBC Portefeuille | PairCorr |
Moving against Middlefield Fund
| 0.31 | 0P0000732C | Ninepoint Energy | PairCorr |
The ability to find closely correlated positions to Middlefield Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Middlefield Global when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Middlefield Global - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Middlefield Global Real to buy it.
The correlation of Middlefield Global is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Middlefield Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Middlefield Global Real moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Middlefield Global can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Middlefield Fund
Middlefield Global financial ratios help investors to determine whether Middlefield 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 Middlefield with respect to the benefits of owning Middlefield Global security.
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