Us Global Leaders Fund Market Value
| USGLX Fund | USD 66.36 0.22 0.33% |
| Symbol | USGLX |
Us 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 Us Global'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 Us Global.
| 02/07/2024 |
| 02/01/2025 |
If you would invest 0.00 in Us Global on February 7, 2024 and sell it all today you would earn a total of 0.00 from holding Us Global Leaders or generate 0.0% return on investment in Us Global over 360 days. Us Global is related to or competes with Icon Information, Columbia Global, Hennessy Technology, Pgim Jennison, Fidelity Advisor, Invesco Technology, and Red Oak. The fund invests at least 80 percent of the funds net assets will be invested in common stocks of companies the subadvis... More
Us 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 Us Global'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 Us Global Leaders upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 15.29 | |||
| Value At Risk | (1.59) | |||
| Potential Upside | 1.25 |
Us Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Us Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Us Global's standard deviation. In reality, there are many statistical measures that can use Us Global historical prices to predict the future Us Global's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.57) |
Us Global Leaders Backtested Returns
Us Global Leaders retains Efficiency (Sharpe Ratio) of -0.07, which indicates the fund had a -0.07 % return per unit of price deviation over the last 3 months. Us Global exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Us Global's Mean Deviation of 0.886, risk adjusted performance of (0.05), and Standard Deviation of 1.9 to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.25, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Us Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Us Global is expected to be smaller as well.
Auto-correlation | -0.51 |
Good reverse predictability
Us Global Leaders has good reverse predictability. Overlapping area represents the amount of predictability between Us Global time series from 7th of February 2024 to 5th of August 2024 and 5th of August 2024 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Us Global Leaders price movement. The serial correlation of -0.51 indicates that about 51.0% of current Us Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 17.08 |
Us Global Leaders lagged returns against current returns
Autocorrelation, which is Us Global 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 Us Global's mutual fund expected returns. We can calculate the autocorrelation of Us Global returns to help us make a trade decision. For example, suppose you find that Us Global 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 |
Us 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 Us Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Us Global mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Us Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Us Global Lagged Returns
When evaluating Us Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Us Global mutual fund have on its future price. Us 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, Us Global autocorrelation shows the relationship between Us Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Us Global Leaders.
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 USGLX Mutual Fund
Us Global financial ratios help investors to determine whether USGLX 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 USGLX with respect to the benefits of owning Us Global security.
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