Global Gold Fund Market Value
| AGGNX Fund | USD 15.87 0.30 1.93% |
| Symbol | Global |
Global Gold '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 Gold'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 Gold.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Global Gold on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Global Gold Fund or generate 0.0% return on investment in Global Gold over 90 days. Global Gold is related to or competes with Us Government, Baird Quality, Federated Government, Community Reinvestment, and Us Government. The investment seeks to realize a total return consistent with investment in securities of companies that are engaged in... More
Global Gold 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 Gold'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 Gold Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.78 | |||
| Information Ratio | 0.2661 | |||
| Maximum Drawdown | 7.33 | |||
| Value At Risk | (2.67) | |||
| Potential Upside | 2.77 |
Global Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Gold's standard deviation. In reality, there are many statistical measures that can use Global Gold historical prices to predict the future Global Gold's volatility.| Risk Adjusted Performance | 0.1849 | |||
| Jensen Alpha | 0.3238 | |||
| Total Risk Alpha | 0.5461 | |||
| Sortino Ratio | 0.2504 | |||
| Treynor Ratio | (2.92) |
Global Gold Fund Backtested Returns
Global Gold appears to be very steady, given 3 months investment horizon. Global Gold Fund holds Efficiency (Sharpe) Ratio of 0.21, which attests that the entity had a 0.21 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Global Gold Fund, which you can use to evaluate the volatility of the entity. Please utilize Global Gold's Risk Adjusted Performance of 0.1849, downside deviation of 1.78, and Market Risk Adjusted Performance of (2.91) to validate if our risk estimates are consistent with your expectations. The fund retains a Market Volatility (i.e., Beta) of -0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Global Gold are expected to decrease at a much lower rate. During the bear market, Global Gold is likely to outperform the market.
Auto-correlation | -0.07 |
Very weak reverse predictability
Global Gold Fund has very weak reverse predictability. Overlapping area represents the amount of predictability between Global Gold time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 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 Global Gold Fund price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Global Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Global Gold Fund lagged returns against current returns
Autocorrelation, which is Global Gold 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 Gold's mutual fund expected returns. We can calculate the autocorrelation of Global Gold returns to help us make a trade decision. For example, suppose you find that Global Gold 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 Gold 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 Gold mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Gold 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 Gold mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Global Gold Lagged Returns
When evaluating Global Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Gold mutual fund have on its future price. Global Gold 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 Gold autocorrelation shows the relationship between Global Gold mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Global Gold Fund.
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 Gold 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 Gold security.
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