Global Gold Fund Market Value
| AGGWX Fund | USD 12.86 0.06 0.47% |
| 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.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Global Gold on September 2, 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 T Rowe, Nuveen Arizona, Thrivent Income, T Rowe, Transamerica Intermediate, California Bond, and Federated Ohio. The fund invests at least 80 percent of its net assets in companies that are engaged in mining, processing, fabricating,... 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 | 1.92 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 9.49 | |||
| Value At Risk | (2.97) | |||
| Potential Upside | 2.93 |
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 | 0.0187 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0867 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Global Gold'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 Gold Fund Backtested Returns
At this stage we consider Global Mutual Fund to be not too volatile. Global Gold Fund holds Efficiency (Sharpe) Ratio of 0.0465, which attests that the entity had a 0.0465% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Global Gold Fund, which you can use to evaluate the volatility of the entity. Please check out Global Gold's Market Risk Adjusted Performance of 0.0967, downside deviation of 1.92, and Risk Adjusted Performance of 0.0187 to validate if the risk estimate we provide is consistent with the expected return of 0.0846%. The fund retains a Market Volatility (i.e., Beta) of 0.25, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Global Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Global Gold is expected to be smaller as well.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Global Gold Fund has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Global Gold time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st of December 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 Gold Fund price movement. The serial correlation of -0.74 indicates that around 74.0% of current Global Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.64 |
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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