Defensive Market Strategies Fund Market Value
| GDMYX Fund | USD 12.16 0.03 0.25% |
| Symbol | Defensive |
Defensive Market '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 Defensive Market'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 Defensive Market.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Defensive Market on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Defensive Market Strategies or generate 0.0% return on investment in Defensive Market over 30 days. Defensive Market is related to or competes with Growth Allocation, Defensive Market, Value Equity, Value Equity, Guidestone Value, and Guidestone Value. To pursue its investment objective, the fund utilizes principal investment strategies, managed by the funds Sub-Advisers... More
Defensive Market 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 Defensive Market'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 Defensive Market Strategies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 7.51 | |||
| Value At Risk | (0.64) | |||
| Potential Upside | 0.56 |
Defensive Market Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Defensive Market's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Defensive Market's standard deviation. In reality, there are many statistical measures that can use Defensive Market historical prices to predict the future Defensive Market's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Defensive Market'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.
Defensive Market Str Backtested Returns
Defensive Market Str secures Sharpe Ratio (or Efficiency) of -0.0437, which denotes the fund had a -0.0437% return per unit of risk over the last 3 months. Defensive Market Strategies exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Defensive Market's Variance of 0.7276, standard deviation of 0.853, and Mean Deviation of 0.3632 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.54, which means possible diversification benefits within a given portfolio. As returns on the market increase, Defensive Market's returns are expected to increase less than the market. However, during the bear market, the loss of holding Defensive Market is expected to be smaller as well.
Auto-correlation | -0.92 |
Near perfect reversele predictability
Defensive Market Strategies has near perfect reversele predictability. Overlapping area represents the amount of predictability between Defensive Market time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Defensive Market Str price movement. The serial correlation of -0.92 indicates that approximately 92.0% of current Defensive Market price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.92 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Defensive Market Str lagged returns against current returns
Autocorrelation, which is Defensive Market 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 Defensive Market's mutual fund expected returns. We can calculate the autocorrelation of Defensive Market returns to help us make a trade decision. For example, suppose you find that Defensive Market 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 |
Defensive Market 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 Defensive Market mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Defensive Market mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Defensive Market mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Defensive Market Lagged Returns
When evaluating Defensive Market's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Defensive Market mutual fund have on its future price. Defensive Market 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, Defensive Market autocorrelation shows the relationship between Defensive Market mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Defensive Market Strategies.
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 Defensive Mutual Fund
Defensive Market financial ratios help investors to determine whether Defensive 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 Defensive with respect to the benefits of owning Defensive Market security.
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