New Germany Closed Fund Market Value
| GF Fund | USD 10.16 0.23 2.32% |
| Symbol | New |
New Germany '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 New Germany's 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 New Germany.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in New Germany on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding New Germany Closed or generate 0.0% return on investment in New Germany over 90 days. New Germany is related to or competes with Eagle Point, Western Asset, Nuveen New, Western Asset, Western Asset, Western Asset, and European Equity. The New Germany Fund Inc. is a closed ended equity mutual fund launched by Deutsche Investment Management Americas Inc More
New Germany 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 New Germany's 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 New Germany Closed upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.25 | |||
| Information Ratio | 0.3179 | |||
| Maximum Drawdown | 7.35 | |||
| Value At Risk | (1.56) | |||
| Potential Upside | 2.32 |
New Germany Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Germany's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as New Germany's standard deviation. In reality, there are many statistical measures that can use New Germany historical prices to predict the future New Germany's volatility.| Risk Adjusted Performance | 0.2129 | |||
| Jensen Alpha | 0.3702 | |||
| Total Risk Alpha | 0.4603 | |||
| Sortino Ratio | 0.326 | |||
| Treynor Ratio | 0.4611 |
New Germany Closed Backtested Returns
New Germany appears to be not too volatile, given 3 months investment horizon. New Germany Closed has Sharpe Ratio of 0.27, which conveys that the entity had a 0.27 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for New Germany, which you can use to evaluate the volatility of the fund. Please exercise New Germany's Risk Adjusted Performance of 0.2129, mean deviation of 0.9431, and Downside Deviation of 1.25 to check out if our risk estimates are consistent with your expectations. The fund secures a Beta (Market Risk) of 0.65, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, New Germany's returns are expected to increase less than the market. However, during the bear market, the loss of holding New Germany is expected to be smaller as well.
Auto-correlation | 0.61 |
Good predictability
New Germany Closed has good predictability. Overlapping area represents the amount of predictability between New Germany time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 New Germany Closed price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current New Germany price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
New Germany Closed lagged returns against current returns
Autocorrelation, which is New Germany 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 New Germany's fund expected returns. We can calculate the autocorrelation of New Germany returns to help us make a trade decision. For example, suppose you find that New Germany has exhibited high autocorrelation historically, and you observe that the 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 |
New Germany 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 New Germany fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if New Germany fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in New Germany fund over time.
Current vs Lagged Prices |
| Timeline |
New Germany Lagged Returns
When evaluating New Germany's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of New Germany fund have on its future price. New Germany 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, New Germany autocorrelation shows the relationship between New Germany fund current value and its past values and can show if there is a momentum factor associated with investing in New Germany Closed.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in New Fund
New Germany financial ratios help investors to determine whether New 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 New with respect to the benefits of owning New Germany security.
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