The Global Alpha Fund Market Value
| BGAKX Fund | USD 15.49 0.25 1.59% |
| Symbol | Global |
Global Alpha '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 Alpha'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 Alpha.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Global Alpha on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding The Global Alpha or generate 0.0% return on investment in Global Alpha over 90 days. Global Alpha is related to or competes with Eic Value, Federated Adjustable, Boyd Watterson, T Rowe, Eip Growth, and Aam Select. Under normal circumstances, the fund invests at least 80 percent of its net assets in equity securities More
Global Alpha 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 Alpha'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 The Global Alpha upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 9.84 | |||
| Value At Risk | (2.49) | |||
| Potential Upside | 1.46 |
Global Alpha Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Alpha's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Alpha's standard deviation. In reality, there are many statistical measures that can use Global Alpha historical prices to predict the future Global Alpha's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 1.33 |
Global Alpha Backtested Returns
Global Alpha holds Efficiency (Sharpe) Ratio of -0.17, which attests that the entity had a -0.17 % return per unit of risk over the last 3 months. Global Alpha exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Global Alpha's Risk Adjusted Performance of (0.14), standard deviation of 1.54, and Market Risk Adjusted Performance of 1.34 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of -0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Global Alpha are expected to decrease at a much lower rate. During the bear market, Global Alpha is likely to outperform the market.
Auto-correlation | 0.02 |
Virtually no predictability
The Global Alpha has virtually no predictability. Overlapping area represents the amount of predictability between Global Alpha 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 Alpha price movement. The serial correlation of 0.02 indicates that only 2.0% of current Global Alpha price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Global Alpha lagged returns against current returns
Autocorrelation, which is Global Alpha 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 Alpha's mutual fund expected returns. We can calculate the autocorrelation of Global Alpha returns to help us make a trade decision. For example, suppose you find that Global Alpha 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 Alpha 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 Alpha mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Alpha 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 Alpha mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Global Alpha Lagged Returns
When evaluating Global Alpha's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Alpha mutual fund have on its future price. Global Alpha 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 Alpha autocorrelation shows the relationship between Global Alpha mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The Global Alpha.
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 Alpha 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 Alpha security.
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| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments |