Brandes Global Equity Fund Market Value
| BGVCX Fund | USD 31.38 0.07 0.22% |
| Symbol | Brandes |
Brandes 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 Brandes 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 Brandes Global.
| 11/10/2024 |
| 12/10/2024 |
If you would invest 0.00 in Brandes Global on November 10, 2024 and sell it all today you would earn a total of 0.00 from holding Brandes Global Equity or generate 0.0% return on investment in Brandes Global over 30 days. Brandes Global is related to or competes with Cutler Equity, Us Vector, Sarofim Equity, Qs International, Dodge Cox, Locorr Dynamic, and Calamos Global. The fund invests primarily in equity securities of U.S More
Brandes 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 Brandes 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 Brandes Global Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6563 | |||
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 3.3 | |||
| Value At Risk | (0.95) | |||
| Potential Upside | 1.3 |
Brandes Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brandes Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brandes Global's standard deviation. In reality, there are many statistical measures that can use Brandes Global historical prices to predict the future Brandes Global's volatility.| Risk Adjusted Performance | 0.0533 | |||
| Jensen Alpha | 0.0374 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | 2.29 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Brandes Global'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.
Brandes Global Equity Backtested Returns
At this stage we consider Brandes Mutual Fund to be very steady. Brandes Global Equity secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the fund had a 0.11% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Brandes Global Equity, which you can use to evaluate the volatility of the entity. Please confirm Brandes Global's mean deviation of 0.5136, and Risk Adjusted Performance of 0.0533 to double-check if the risk estimate we provide is consistent with the expected return of 0.0708%. The fund shows a Beta (market volatility) of 0.0174, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Brandes Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Brandes Global is expected to be smaller as well.
Auto-correlation | 0.27 |
Poor predictability
Brandes Global Equity has poor predictability. Overlapping area represents the amount of predictability between Brandes Global time series from 10th of November 2024 to 25th of November 2024 and 25th of November 2024 to 10th 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 Brandes Global Equity price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Brandes Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Brandes Global Equity lagged returns against current returns
Autocorrelation, which is Brandes 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 Brandes Global's mutual fund expected returns. We can calculate the autocorrelation of Brandes Global returns to help us make a trade decision. For example, suppose you find that Brandes 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 |
Brandes 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 Brandes Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brandes 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 Brandes Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Brandes Global Lagged Returns
When evaluating Brandes Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brandes Global mutual fund have on its future price. Brandes 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, Brandes Global autocorrelation shows the relationship between Brandes Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Brandes Global Equity.
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 Brandes Mutual Fund
Brandes Global financial ratios help investors to determine whether Brandes 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 Brandes with respect to the benefits of owning Brandes Global security.
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