Global Real Estate Fund Market Value
| VGREX Fund | USD 7.24 0.07 0.98% |
| Symbol | Global |
Global Real '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 Real'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 Real.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Global Real on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Global Real Estate or generate 0.0% return on investment in Global Real over 690 days. Global Real is related to or competes with Blackrock Science, Towpath Technology, Goldman Sachs, Technology Ultrasector, Pgim Jennison, and Biotechnology Fund. The fund invests, under normal circumstances, at least 80 percent of its net assets in a diversified portfolio of equity... More
Global Real 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 Real'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 Real Estate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7931 | |||
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 3.15 | |||
| Value At Risk | (1.41) | |||
| Potential Upside | 1.12 |
Global Real Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Real's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Real's standard deviation. In reality, there are many statistical measures that can use Global Real historical prices to predict the future Global Real's volatility.| Risk Adjusted Performance | 0.0111 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | 0.0049 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Global Real'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.
Global Real Estate Backtested Returns
At this stage we consider Global Mutual Fund to be very steady. Global Real Estate holds Efficiency (Sharpe) Ratio of 0.0248, which attests that the entity had a 0.0248% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Global Real Estate, which you can use to evaluate the volatility of the entity. Please check out Global Real's Downside Deviation of 0.7931, market risk adjusted performance of 0.0149, and Risk Adjusted Performance of 0.0111 to validate if the risk estimate we provide is consistent with the expected return of 0.018%. The fund retains a Market Volatility (i.e., Beta) of 0.21, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Global Real's returns are expected to increase less than the market. However, during the bear market, the loss of holding Global Real is expected to be smaller as well.
Auto-correlation | -0.56 |
Good reverse predictability
Global Real Estate has good reverse predictability. Overlapping area represents the amount of predictability between Global Real time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 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 Real Estate price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Global Real price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Global Real Estate lagged returns against current returns
Autocorrelation, which is Global Real 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 Real's mutual fund expected returns. We can calculate the autocorrelation of Global Real returns to help us make a trade decision. For example, suppose you find that Global Real 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 Real 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 Real mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Real 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 Real mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Global Real Lagged Returns
When evaluating Global Real's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Real mutual fund have on its future price. Global Real 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 Real autocorrelation shows the relationship between Global Real mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Global Real Estate.
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 Real 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 Real security.
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